What salary makes one wealthy in Iowa?
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  1. #1
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    What salary makes one wealthy in Iowa?

    I know it's dependent on expenses and your ways of living, but what say you?



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    Re: What salary makes one wealthy in Iowa?

    I would only consider one wealthy or financially independent if their passive income exceeds their living expenses. Salaries come & go so I view them as temp income.



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    Re: What salary makes one wealthy in Iowa?

    $250k should be about the break point.

    It sorta depends on the family support requirements


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    Re: What salary makes one wealthy in Iowa?

    I judge wealthiness in terms of happiness.



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    Re: What salary makes one wealthy in Iowa?

    It all depends on how shallow you are.


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    Re: What salary makes one wealthy in Iowa?

    Quote Originally Posted by isucy1234 View Post
    I judge wealthiness in terms of happiness.
    Says the guy with no money.

    See the grin on my face? Ear to ******* ear.



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    Re: What salary makes one wealthy in Iowa?

    Define wealthy.


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    Re: What salary makes one wealthy in Iowa?

    Family of 4? I'd say 250k. But wealth also depends on accumulated capital I guess, rather than only inflows.



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    Re: What salary makes one wealthy in Iowa?

    Quote Originally Posted by 4429 mcc View Post
    Says the guy with no money.

    See the grin on my face? Ear to ******* ear.

    Share the wealth... Renovate your apartment!



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    Re: What salary makes one wealthy in Iowa?

    If you consider thirst for additional tax revenues by all branches of the government, it may take a couple of million in annual income to exceed the poverty level.



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    Re: What salary makes one wealthy in Iowa?

    50 grand is considered loaded in Sioux City. Not sure about the other parts of the state... you know, the parts with paying jobs and opportunity.



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    Re: What salary makes one wealthy in Iowa?

    The salary of the one that coaches in Ames.


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    Re: What salary makes one wealthy in Iowa?

    If you live with major debt then you are not wealthy. I saw this all the time at my last job.
    Guy makes 300K and has the following:
    $550K House
    $45K Car
    $35K Spouse Car
    $20K Kids Car
    $100K Student loans
    $30K Credit Card debt
    $5K Boat
    Goes on trips
    buys exessively
    This typically means the person is spending whatever they are making. If you think I am kidding then just look at the what is going on in the United States right now. Most people have NOTHING in savings and have thousands in credit card debt.

    Wealth (IMO) is a combination of:
    Having all major debt paid off (Except your home - although you should have 10-20% paid off.
    Helping others out (Giving)
    Saving (College, Retirement and emergeny funds)
    Spending (on things that you can afford. If you are making good money and have debt paid off then you can buy and play more)

    So that being said there are couples with the combined income of $130K that are much wealthier than someone making $250K. They just might not show it.



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    Re: What salary makes one wealthy in Iowa?

    I make about 34k and I feel like I make a lot.




  15. #15
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    Re: What salary makes one wealthy in Iowa?

    Quote Originally Posted by BryceC View Post
    I make about 34k and I feel like I make a lot.
    34k could be a lot of money if you don't have a lot of debt. It all depends on the way one lives.



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