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Good rule of thumb is when your net interest income > median wages

I.e. you have enough wealth that just by virtue of it existing you're getting more money per year than the typical person who has to work for it. And again, only talking interest, as passive as it gets, to say nothing of capital gains on even the most conservative investment.

In response to this post by vt90

Posted: 04/17/2019 at 1:58PM

Tiger bet winner details getting good -- WestyHokie 04/17/2019 07:48AM

What does his past have to do with anything? -- Technocrat 04/17/2019 09:00AM

A lot, IMO. His story was he had never placed a sports bet, and then ... -- WestyHokie 04/17/2019 09:23AM

Again why do you care??? It's his money ** -- Technocrat 04/17/2019 09:25AM

Why does anyone care about anything? Notre Dame? Columbine manhunt? CJF? -- WestyHokie 04/17/2019 09:28AM

I agree it looks a little fishy and I didn't believe it either ** -- Technocrat 04/17/2019 09:30AM

Don't you have to report if you have over $10K in cash while travelling? -- CochraneResident 04/17/2019 09:06AM

That's for customs purposes. Does not apply here.** -- VTSnake 04/17/2019 09:19AM

Yes international is an issue -- Technocrat 04/17/2019 09:18AM

Don’t click that crap and reward the “journalist” for the clickbait ** -- CPRVHokie 04/17/2019 08:50AM

Sounds like a great guy - he rich now though ** -- OXVT 04/17/2019 08:28AM

My guess is with his history and his life he will blow thru the approx. -- fordham 04/17/2019 10:00AM

Could buy a lot of lego sets with 1.2M... -- halesvb11 04/17/2019 09:58AM

$1.2M isn't rich. Plus, he's going to have to pay taxes on the winnings -- CochraneResident 04/17/2019 08:50AM

A net worth of $1.2 million would make you top 10% so not bad ... -- vt90 04/17/2019 09:15AM

I consider "rich" as being able to buy everyday items without... -- EDGEMAN 04/17/2019 12:51PM

Therein lies the issue - what does 'rich' mean? The classic definition was -- vt90 04/17/2019 1:07PM

People in San Francisco would disagree with your $5M figure -- EDGEMAN 04/18/2019 08:52AM

You couldn't pay me $500k to live there but to each his own. ** -- vt90 04/18/2019 08:58AM

I know what it looks like -- Brown Water 04/17/2019 2:20PM

Good rule of thumb is when your net interest income > median wages -- Synaesthesia 04/17/2019 1:58PM

^^^ rich ^^^ ** -- Brown Water 04/17/2019 09:47AM

Nope. Married with 3 kids. Unpossible. ** -- vt90 04/17/2019 09:52AM

And dead. And you know the saying "a man is rich if he has his health" -- Late 80s Hokie 04/17/2019 11:54AM

It's enough to pay off some loans, and put another bet down on the US Open ** -- Brown Water 04/17/2019 08:58AM

The dude won't have any money left to celebrate the new year. He'll blow it -- UEMcGill 04/17/2019 09:25AM

Exactly, and these additional details support that ** -- WestyHokie 04/17/2019 09:29AM

How do they do that? ** -- Brown Water 04/17/2019 10:02AM

Multiple arrests, unlikely story about "first" bet, rock solid belief ... -- WestyHokie 04/17/2019 11:18AM

Haha. I didn't say he couldn't let it ride. How crazy would it be if he -- CochraneResident 04/17/2019 09:00AM

I think the moral of the story is he is rich... for now ** -- WestyHokie 04/17/2019 08:37AM

Bad link ** -- Brown Water 04/17/2019 08:04AM

Yeah on my phone it directs back to TSL, so pasted in link ** -- WestyHokie 04/17/2019 08:33AM

Good rule of thumb is when your net interest income > median wages

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