A million dollars isn't wealthy and your argument needs no wealthy people to procreate or a 100% estate tax. It's not remotely logical argument other than that it makes you feel warm and fuzzy.
Man wins Mega Billions Jackpot
- Thread starter Drew0311
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A million dollars isn't wealthy and your argument needs no wealthy people to procreate or a 100% estate tax. It's not remotely logical argument other than that it makes you feel warm and fuzzy.
Most millionaires I know (and that is without counting value of your house) made the first million or two before they inherited anything. It’s not that difficult to amass that amount by age 40 if you save into retirement funds at a good clip, along with not buying everything you see. By age 50-60, many people get inheritance from their folks passing but they have already made good change.
No amount of money can make you wealthy. Money can make you rich, but wealth is more encompassing.
A million dollars may not be what it used to be, but it’s a significant amount of money and a milestone number that’s easy to measure.
If you want to continue to ignore the fact that more people become millionaires through their own work and saving than become millionaires by inheriting money that’s your call. I guess it gives a convenient excuse on why a person isn’t “rich”.
I do love the fact that these ultra wealthy do so much good with there money and basically save millions of lives and help out so much. Yet, many people in this country want to take it away from them so the government can waste it all on nonsense crap
Spending
Spending
Easy to amass $1,000,000 by the time you are 40? I guess if u have $20k a year to save starting at age 23 and can get a 10% return.
I fully believe the saying that anybody who is not physical or mentally handicapped can make 100k/year. People just choose not to.
It’s called choices.
Or work like crazy the first couple years out of college, being willing to change jobs or move. I had my main job when I graduated college but still had extra jobs on the side and built a good base.
I've never met a wealthy Iowan. I've met many truly wealthy people in New York, Chicago and LA and they all came from wealthy families. Some are members of freaking secret society clubs of others born wealthy. You won't meet more lazy and entitled people than many (not all) of them.
I'm sure to somebody who thinks wealthy is a 900k house that most earned it themselves. That's not wealthy. That's a one bedroom condo where rich people live.
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On a micro level, yes a person can work hard and work themselves into a 100k job sometime in their career. But on a macro level, there aren't that many well paying jobs in this country. Someone's going to have to work that $10 / hr job at Walmart.
Unless someone is making 400k out of school they aren't likely to come close to the people I'm talking about. Many of you are being duped into thinking middle class in low cost if living areas are the wealthy class.
If you make $15 an hour you can make $100,000 a year, of course you will have to work 3 full time jobs but that still leaves you 48 free hours a week to do whatever u want.
100k a year doesn't give you much of a chance to be wealthy unless you're elite at investing it.
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Sorry that you two are still in that 10-15 wage bracket. I see caseys pays a starting wage if 12 something. If your below that it will help you out.
