If you have enough money to do what you want for the rest of your life, I'd call that "rich" by your own personal value function.
For me, that number is amassed wealth sufficient to provide income nearly an order of magnitude north of $27K/year, but that still means that when I'm halfway to my personal goal, I'll have 5x what MMM has and he'll be rich and I won't.
He's rich because he lives simply. I have more than he does, and I'm not rich because I have expensive hobbies (and a desire to fully pay for top tier undergrad college for both of my young kids).
For me, that number is amassed wealth sufficient to provide income nearly an order of magnitude north of $27K/year, but that still means that when I'm halfway to my personal goal, I'll have 5x what MMM has and he'll be rich and I won't.
He's rich because he lives simply. I have more than he does, and I'm not rich because I have expensive hobbies (and a desire to fully pay for top tier undergrad college for both of my young kids).
And that's OK.