Curious, any members get ridiculed by family members for their Rolexes?

[wrxsti]

cool watches..very uncool brother in laws

[Rolexpharm]

I agree that people can be jealous and it's worse coming from family members because there is really no censorship to what they say to you. It's worse when one of your family members thinks they are the richest and you come strolling in with more and better Rolexes.

[Laszlo]

Originally Posted by hdrazor251

Does sleeping on the job count?

[iWally]

Originally Posted by Rolexpharm

I agree that people can be jealous and it's worse coming from family members because there is really no censorship to what they say to you. It's worse when one of your family members thinks they are the richest and you come strolling in with more and better Rolexes.

500% agree here!

[Kyle3130]

Originally Posted by petee1997

After reading this thread I have a question. What is the bare minimum net worth that a person must have, to be called wealthy?

I ask the question out of curiosity over people's perception of wealth. Give me a number.

If the interest you earn on your pot of money is more than the annual salary of the average American, you would be "wealthy" IMHO.

P.S. My family knows I have a Rolex but they don't say anything to me about it.

[Tseg]

Originally Posted by iWally

I get a lot of stick for 'wasting money' in watches but i guess some people just don't understand!

Watches especially Rolex are:

1) Fantastic at keeping their prices (re-sale value)
2) Aesthetically pleasing to any eye
3) A story...a milestone in ones life.
4) An excellent heirloom.
5) Innovative

Agreed... but you forgot 1:

6) Great for telling time

[foodle]

Originally Posted by Kyle3130

If the interest you earn on your pot of money is more than the annual salary of the average American, you would be "wealthy" IMHO.

Median income in the US is about $50k. So you'd need between $500k to $1M in investments to earn that much back per year. IMHO that's hardly enough (annual income or savings) to live "wealthy".

[AK797]

If it is your first Rolex and the relatives are really bothering you then I would walk right up to them and sing at the top of my lungs -

Haven't had a dream in a long time
See, the life I've had
Can make a good man bad

So for once in my life
Let me get what I want
Lord knows, it would be the first time

[louis redfoot]

Originally Posted by foodle

Median income in the US is about $50k. So you'd need between $500k to $1M in investments to earn that much back per year. IMHO that's hardly enough (annual income or savings) to live "wealthy".

what about someone who lives in a trailer with a van gogh in his bathroom?