I have $7.5 million but don't feel rich - at what net worth do people actually consider themselves wealthy?

""The question of how much it takes to feel rich is going to depend a lot on your mindset, as well as on your spending habits.""

""A nest egg of $7.5 million, if it is all in investments, could produce an annual income of $277,500 per year... more than enough money for most people to live on very comfortably each year.""

A Reddit user with a net worth of $7.5 million expressed that he doesn't feel rich, believing he needs $20 million to feel secure enough to stop working. He describes himself as 'comfortable' but emphasizes that perceptions of wealth are influenced by mindset, spending habits, and social circles. Although $7.5 million could generate a significant annual income, expensive living costs and lifestyle choices can impact how comfortable one feels financially. This illustrates the subjective nature of wealth and financial satisfaction.

Read at 24/7 Wall St.