Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Wealth is a snowball. Put your job income into assets that bring in more income and one is on your way to being wealthy.
In today’s world all it takes is financial education and putting that knowledge into practice and anyone can become wealthy.
Example, my father in law had all his possessions stolen during the cultural revolution. He was blacklisted and after he got out of the re-education camp he went to work in a factory. He lived in a poor ghetto for a long time and put his income into businesses and started to see a profit. He eventually had enough money to buy a truck and started his own transport company. He was beaten by communists multiple times and had his truck set on fire, but he still came back and restarted. Today he is quite wealthy by central China standards, but he has always lived within his means. Wealthy doesn’t mean he is driving a Ferrari and living in some prime real estate. He’s had the same apartment for 40 years now and drives a pretty normal Volkswagen. But he can live a good life and not worry about finances. He’s doing better then a whole lot of Americans who have had far better opportunities.
When I met my Filipino wife, she was a 50-year old night desk clerk at a hotel, raising a teenage daughter, and spoke four languages. She worked 30 nights a month, for $100 a month, which is $3 a night. Not far off 30 cents an hour. Where was this "job income" that was supposed to "snowball" into her own truck and lead to being "wealthy"?
I know a young woman from Central Asia who has a masters degree in architecture. She is now ecstatic about having a job, washing dishes on a cruise ship in the Mediterranean.
Nationalism is a strictly enforced global caste system, virtually unbreakable. A baby is assigned to a caste (i.e., nationality) at birth. Three quarters of the world are Untouchables. All they can hope for is to gather a few more pennies than their neighbors in a country with a thousand dollar PPP. The only way out is to become one of the corrupt leaders. Is that the goal?
When they say %1 they are really saying people who invest in business where they are paying bills and employees, including goods and services. So really you need to calculate this "%1" bills they have to pay and then decided how much they are really worth. We are talking about a stagnate market
We are talking about people who hoard their money so they can get richer and it's a numbers game for them. While the rest of us put almost every penny we have back in to the economy. The economy thrives on the rich and the middle class spending money not on the rich hoarding it.
We are talking about people who hoard their money so they can get richer and it's a numbers game for them. While the rest of us put almost every penny we have back in to the economy. The economy thrives on the rich and the middle class spending money not on the rich hoarding it.
Do you believe the wealthy have their money stuffed in mattresses and buried in Mason jars out in the yard?
So, created wealth goes to those that create it. I’m OK with that. Aren’t you?
No because there are MANY rules in place that tell you how your allowed to create wealth, under what circumstances etc.
For instance if I created a way to proliferate nuclear weapons by making plutonium easy to make the demand would be through the roof, I would be an instant billionaire but the govt would shut it down because I would be in competition.
So only certain people are allowed to build wealth, this is a serious problem.
The average wage in China is $3.60 an hour, plus benefits. Your information is about 30 years out of date.
keep in mind being a communist country they get everything they need basically from the gov for free so 3.60 an hour ain't comparable to 3.60 an hour here . .
we recently got back from cuba. doctors earn 40- 60 bucks a month . but everyone gets a coupon book monthly to get all the supplies they need to live , by going to gov't stores and redeeming their ration coupons . everything from healthcare to their university is pretty much included .
we recently got back from cuba. doctors earn 40- 60 bucks a month . but everyone gets a coupon book monthly to get all the supplies they need to live , by going to gov't stores and redeeming their ration coupons . everything from healthcare to their university is pretty much included .
Don't be ridiculous. They have healthcare but no medicine so what good is it. A doctor makes less than $2 a day and then they have to try to buy soap and toilet paper and everything else with it. The government there is broke, there is very little industry. You have free housing but you have to live with your family in crampt quarters and the electricity is shut off nightly. It's a horrible place where only hookers can make money because they make more turning one trick than a doctor makes in a month. The food they are allowed to get is very limited too, they are lucky to get any meat protein. Saying they get all the supplies they need is ludicrous. The poorest people in the US live better than a vast majority of Cubans and have access to food, medicine and clothing that they don't have.
Do you believe the wealthy have their money stuffed in mattresses and buried in Mason jars out in the yard?
The wealthy put the bulk of their disposable money in investment vehicles that generate more money. Commonly in a passive way. Like the stock market. And that process by and large does not benefit the middle class. As opposed to buying extravagant goods, or more actively building or expanding a business, which might have some benefit for the middle class through employment.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
