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A well-known salary website claims median salary for an entry level secretary is around $33K. Enough to live on and save for retirement but probably not likely to enable amassing investments.
That's entry level. Good admin assistants can make excellent money and often have opportunity for advancement. 401K is an investment, some company stock, bonds, a small house/condo, all doable. Been there, done it. Why try to hold people down rather than offer solutions?
That's entry level. Good admin assistants can make excellent money and often have opportunity for advancement. 401K is an investment, some company stock, bonds, a small house/condo, all doable. Been there, done it. Why try to hold people down rather than offer solutions?
Every assistant to someone on the sales side of my company gets 30% of the profit that the sales guy makes after the sales guy reaches a certain dollar value in sales. One assistant worked extra to help her boss pick up new accounts and ended up getting $40,000 more per year after they won a few big new clients.
Filthy rich. Nobody on earth deserves to be a billionaire, that is my view indeed. That is the problem with money. Before money was invented richness was limited as the material stuff simply piled up and became too much to protect, especially when there were poor people with an eye on it. That natural regulating mechanism is gone now with money existing only in electronic accounts or on paper.
I don't believe in that old myth that money motivates people...
So you think that everything you own should be subject to more frequent theft? An interesting philosophy.
He was a freaking business owner; janitor was a part-time retirement gig.
The article doesn't say how much he made when he sold his dry cleaning business. But I knew a dry cleaning business owner; he lived in a top 2% community and had a summer home on the Jersey Shore so the business probably made him a nice chunk of cash.
Plus, he lived to 102, that allows a LOT of time for investments to compound in value.
I have a doctor friend and a dentist friend, both quite wealthy. Each has two kids in their thirties who are unemployed despite having gone to pretigious colleges (actually one of those four kids may be grabbing a job at $8/hour this week).
Are these four offspring of wealth going to be making "their own wealth" at this rate, based on their own choices? I think not. They will grow older into trust funds and inheritances supplied by their parents and grandparents. As will so many young adults from well to do families. Wealth passes on wealth. They will not be left out in the cold like the millions of young adults who did not have the family wealth or educations they had - in other words, if those today from wealthy families and with great educations cannot make it, just how do you propose that the huge proportion of others are going to? This line of thinking is a line that is often used by those who have already made it. ("I earned my wealth so it follows that others can too, no excuses"). It has very little to do with socioeconomic reality.
your two friends kids are being lazy imo. lets take someone like dave thomas for instance. he took a chance years ago and bought a KFC franchise, and made money with it, this was before KFC became what it is today. a little later on he started is own restaurant, the one we know as wendys, and made a fortune. he took the chance that people would frequent his restaurants. or take ray crock, he was the one that took a chance on two brothers named mcdonald, and started the mcdonalds franchise. and it isnt just these people either, the vast majority of the rich in this country did the same thing. take your friends for instance, they went to medical school and spent the time earning their degrees, and doing what it took to become doctors. they could have taken the easy path from there and worked in what ever hospital would hire them, but they choose to start their own practices.
and it isnt about people being highly educated either, dave thomas never went to college, bill gates never finished college, steve jobs started apple in his own garage, and he didnt finish college(iirc). henry ford didnt have much of an education, but he knew how to build cars and run a company that has endured for more than 100 years.
your two friends kids are being lazy imo. lets take someone like dave thomas for instance. he took a chance years ago and bought a KFC franchise, and made money with it, this was before KFC became what it is today. a little later on he started is own restaurant, the one we know as wendys, and made a fortune. he took the chance that people would frequent his restaurants. or take ray crock, he was the one that took a chance on two brothers named mcdonald, and started the mcdonalds franchise. and it isnt just these people either, the vast majority of the rich in this country did the same thing. take your friends for instance, they went to medical school and spent the time earning their degrees, and doing what it took to become doctors. they could have taken the easy path from there and worked in what ever hospital would hire them, but they choose to start their own practices.
and it isnt about people being highly educated either, dave thomas never went to college, bill gates never finished college, steve jobs started apple in his own garage, and he didnt finish college(iirc). henry ford didnt have much of an education, but he knew how to build cars and run a company that has endured for more than 100 years.
Where did he get the money to buy a KFC franchise? They don't come cheap; burger flippers certainly couldn't buy one.
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