250k a year can afford that. Private school is $50k, a vacation home is $24k, vacations are $15k, $50k savings is bs and you know good and well that no one does that while trying to make a presentation of themselves, fancy restaurants are $200 a night so 20k, expensive shows are $200 each so 20k, and a million dollar home is only 60k.
so 50+24+15+20+20+60=189 Oh shit look at that, there is room for savings/taxes too!
(numbers are yearly cost, not monthly or total cost)
"Rich" refers to a lifestyle that cannot be afforded by just $250k.
An example would be:
- Private school
- Vacation home
- 3+ luxurious vacations a year
- Saving $50k+ per year
- Eating out at fancy restaurants weekly
- Seeing expensive shows weekly
- $1+ million dollar home ($3.5+ million if you're in the Bay Area)