how much money do you need to be rich? (kids answer)

by Kelly on October 1, 2009

in kids,money

Pink Piggy
Creative Commons License photo credit: rosscrawford1

How much money do you need to be “rich?” Everyone has a number. For many it’s a $1,000,000. For others it’s $100,000 in the bank. Some adults will say being rich isn’t just about money, and while I agree I decided to limit my questions to solely money.

This is a totally unscientific poll of various aged children. The idea came about when I was talking to my girls last night (7 and 5) and they brought up being rich.

I asked them 2 questions, and was holding in my laughter as they answered.

The questions are:

  1. How much money do you need to be considered “rich?”
  2. How can you get “rich?”

The comments go from youngest to oldest:

Milligan, Adam Baker’s daughter (18 months): <blank stare>

Andrew‘s son (2): “BASEBALL!”

I think this is my favorite answer.

Erin (3):

  1. “A lot”
  2. “Work”

Love the simplicity of Erin’s answers.

Aidan (3 1/2):

  1. “$100!”
  2. “I need gold to be rich!”

He insists he needs gold coins.

NCN’s kiddo (5):

  1. “63 thousand dollars”
  2. “Save my money in the bank mema gave me”

Great answers! Wonder where the $63,000 number came from?

Audrey (5 1/2):

  1. “What did Emma say?” (her sister who she defers too) “$1,000, but you’d still be rich if you had $999.”
  2. “Save all your money, and then you can buy lots of stuff like toys and candy!”

This is my girl. If her sister hadn’t been with her I might’ve gotten a more self-directed answer, instead she just mimicked her sister.

Rebekah (6 1/2)

  1. “$10,800″
  2. “Helping others and doing jobs for other people”

Love Rebekah’s idea of helping others. Again with the odd number, wonder what made her think $10,800 instead of $10K or $11K.

J.P. (age 7)

  1. $1,000,000,000
  2. By being a bank robber or by doing a whole bunch of chores

This kid has moxy, I like it! This is the highest number of any respondent, I like that he’s shooting for the stars. Maybe the next Bill Gates?

Emma (7 1/2):

  1. “$1,000, but $100 is still pretty good”
  2. “Work, do chores and stuff like that.”

My girl, she doesn’t need much. :)

Sister duo Esther (6) and Talia (9)

  1. E: “$1,500″
  2. T: “Working or the lottery.”

Love these sisters’ answers. Good luck with the lottery!

Nathan (11):

  1. $1,000,000.
  2. By saving for a very long time, putting your money in the bank to earn interest, and spending your money on things that will make more money.

Again my kiddo (I know I have too many) I think he’s got the most realistic answer.

Aly (11)

  1. “Couple million dollars.”
  2. “I don’t know, but can you start doing it, Mom?”

Ha! Glad I’m not a mom of a tween yet! Love that she aks mom to do it for her, watch out Brandie!

ADD Housewife‘s kiddo (12):

  1. “$5,000,000″
  2. “Own google”

Love owning google as the answer to being rich. If only we could all own google. :)

Did you ask your kids? If so, leave the responses below. I find this hilarious!

Kelly

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  • I asked my oldest, who is four, how much money he would need to be rich.
    He asked, "What is 'rich;?"
    Good question. "Uh, it means you have a lot of money". Answer for purposes of this question.
    "Twenty!", he enthusiastically replied.
    "Twenty dollars?", I ask. "Yeah".
    And how would he get this twenty dollars, I asked him. "I don't know, you just get it".

    Ah, the simplicity of being four.
  • So cute! My little girl, age 4 is very good with money. Her "chore" around the house is to match the socks from each load of wash. for this, she gets a quarter. We adopted her a year ago, and I decided since she had a couple of checks she needed a bank account, so we went to the bank and she dumped her pink purse out and had stashed away $160!! Holy cow!

    She informs me that she needs forty dollars more to be rich (every day). I don't know if she knows that that would make it an even $200.
  • LOL, That's funny. Kids always say the funnest stuff. I should ask my kids this when they get older.
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