re: "If they own their own business and the gross 300k but net 50k are they rich?"
How about if they own their own business, lost $200k last year but made $300k this year. Are they rich?
What if they have $500 million in stock, but give themselves a $1 salary. Not rich?

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months