Quoted from txstargazer3:Is it a rich man's hobby? First we need to know what a rich man is. Is it someone who makes twice what I do but is saddled with excessive debt? Is it someone who makes what I do but has no debt? The income side is just half the equation folks.
That's not true at all.
Cost of living in certain areas is higher, and maybe an argument could be made that that should be taken into consideration, but just because a "rich" person has a lot of debt, doesn't mean that the amount of money that they earn doesn't make them rich.
If someone makes $3 million a year they are rich. The fact that they might have debt equal to that amount because of buying things like jets, yachts, vacation homes, etc etc doesn't mean that they suddenly no longer define the definition of being rich. It just means they are stupid. And most rich people aren't stupid!