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there is a big difference between having a million dollars which buys a 40k income in retirement and being wealthy , especially living in areas like nyc where 69k a year qualify's a family for life in a nyc housing project .
Looks like entire NYC should live in projects: Median Income. NYC Neighborhoods. The median household income across New York City stands at $50,711, according to 2010-2012 estimates from the U.S. Census Bureau. That's down from $54,057 in inflation-adjusted dollars for the 2007-2009 period.
Looks like entire NYC should live in projects: Median Income. NYC Neighborhoods. The median household income across New York City stands at $50,711, according to 2010-2012 estimates from the U.S. Census Bureau. That's down from $54,057 in inflation-adjusted dollars for the 2007-2009 period.
Some of those people bought SFHs in the 70s when NYC was almost post apocalyptic. Back then they were cheap.
I am not one of those "Cadillac driving millionaires" but I have a net worth that's a multiple higher than the median millennial. I didn't do it by blaming the "ultra wealthy". I did it by taking advantage of opportunity and betting big and bold. Maybe you can join them by working hard AND smart. Taxation makes my life hard enough as it is.
Nah, working hard means squat if there are no suckers working for much less than your highness does. Slackers, making a fraction of your income, give value to yours. Latent narcissism is not a substitute for a systematic look, you dont live and labor in vacuum.
Nah, working hard means squat if there are no suckers working for much less than your highness does, that namely them, slackers making a fraction of your income, who give value to yours. Latent narcissism is not a substitute for a systematic look, you dont live and labor in vacuum.
I have no employees, I merely save aggressively and invest in index funds (with some funds in healthcare and oil stock funds) You have to find opportunity and invest in it.
Some of those people bought SFHs in the 70s when NYC was almost post apocalyptic. Back then they were cheap.
Expropriatory nature of the local taxation doesnt allow anybody to enjoy 1970s windfall in perpetuity. Unless they sell out and cash out, they are a) crushed by revised way upward property taxes, b) generate enough of income not to be crushed.
I doubt you're more successful than me unless you own a SFH in NYC. Regardless it's not a lack of empathy, it's the belief that a person should pull themselves up by their bootstraps.
I am a millennial who owns a multi-family townhouse in NYC, yet I don't even consider it anything special. Even in this thread I would say mathjak107 is more successful than me and very knowledgeable when it comes to real estate and retirement planning.
I am a millennial who owns a multi-family townhouse in NYC, yet I don't even consider it anything special. Even in this thread I would say mathjak107 is more successful than me and very knowledgeable when it comes to real estate and retirement planning.
Ah so you inherited, are a fundie, work as a C-Suite Employee, or are lying got it. If you really are a millennial you're way better off than him due to compounding returns.
I have no employees, I merely save aggressively and invest in index funds (with some funds in healthcare and oil stock funds) You have to find opportunity and invest in it.
Somebody has to labor for peanuts to give value to your upscale income you've generated while making nothing useful, edible, wearable or entertaining. Rules of the game allow parasitism like that, but there must be suckers laboring for much less, it is absolute must have. Imagine the world where everybody invests agressively and expects to live off investment opportunities they've discovered. Human race would be wiped out in less than a year.
Somebody has to labor for peanuts to give value to your upscale income you've generated while making nothing useful, edible, wearable or entertaining. Rules of the game allow parasitism like that, but there must be suckers laboring for much less, it is absolute must have. Imagine the world where everybody invests agressively and expects to live off investment opportunities they've discovered. Human race would be wiped out in less than a year.
Not everyone has the insight to aggressively invest but it helps those who do. My investing gives those people their jobs (as I am their boss in one way or another).
Not everyone has the insight to aggressively invest but it helps those who do. My investing gives those people their jobs (as I am their boss in one way or another).
The people skimming the top are/were always remarkable in the past 10,000 years of human history. Exact rationalization of their deserving-more status changed over time, but no matter how you rationalize it, by birth, blood or insights, parasites need a host to live off, not the other way around.
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