The 1% Have Gotten Richer (Iraq, soldiers, Brown, insurance)
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However there are squirrels who may not get but a single acorn, because they were born close too the road. They can't get a single acorn without risk physically. When the car hit's them we say they should have been smarter and worked harder like the ones in the Forrest who were born underneath that large oak.
You'll never get ahead without some type of risk. Playing it safe and sticking to the "go to school, get good grades, get a good job, retire with a nice pension" mantra doesn't work.
Quote:
Originally Posted by ackmondual
By screwing over the people you work with? Conning people? Isn't this the sort of thing that's lambasted on C-D?
These are the only ways to get rich? By being a degenerate? I think that's bs.
Apparently, yes. (It takes an income of about $106,500 a year to be in the millennial one percent, according to data from the U.S. Census Bureau’s Current Population Survey. That’s a group of about 720,000 young adults, and they control about double the income of the 14 million millennials in the bottom 20 percent.)
My point (and it's not a "brag") is this "zomgz the evil 1%" is a much lower bar to meet than many suspect.
I'm comfortable and don't have to worry about money, but I won't be firing up the private jet anytime well...ever.
You'll never get ahead without some type of risk. Playing it safe and sticking to the "go to school, get good grades, get a good job, retire with a nice pension" mantra doesn't work.
^^ this bears repeating.
I followed that mantra but it wasn't working. It wasn't until I took a big risk (and succeeded) that life changed for the better. If I continued to do more of the same I'd still be struggling.
I certainly think people need education but people have to be smart in the subjects THEY CHOOSE, not the subjects they tell you to take. Think of it this way, if you take the same classes as many before you, when paying outrageous college cost, they're basically pumping out clones. People need to stop following the crowd, research to see if those who you follow are successful or struggling, think for yourselves.
I followed that mantra but it wasn't working. It wasn't until I took a big risk (and succeeded) that life changed for the better. If I continued to do more of the same I'd still be struggling. I certainly think people need education but people have to be smart in the subjects THEY CHOOSE, not the subjects they tell you to take. Think of it this way, if you take the same classes, follow the same path as many before you, when paying outrageous college cost, they're basically pumping out clones. People need to stop following the crowd.
I ditched a "good job" with a wife that was 8 months pregnant to strike out on my own; family and friends said I was nuts.
I ditched a "good job" with a wife that was 8 months pregnant to strike out on my own; family and friends said I was nuts.
Saw an opportunity, seized, and profited well.
Naysayers who will try to discourage you, we had to ignore them. And then there are people who have bad attitudes toward people who took risks and became successful. I'll never forget Liz Warren and Obama saying "you didn't build that". After that a friend, also a business owner said,
"yea, no one wants to make the pie but they want a piece of pie after it's made."
I phased out a decent job. I'll never forget one time feeling nervous and thinking, "who in the hell did I was thinking I could do this". The bad day passed and I dug in and kept going. It was worth it.
Hmm?
For my age: "This centile started at $200,363.00 annually."
I'm comfortable and don't have to worry about money, but I won't be firing up the private jet anytime well...ever.
You have done well, no denying that, but reaching the status of being in the 1% does not mean that you are in the top one percent of a particular age group, but rather how your income compares to everyone else in the US.
You have done well, no denying that, but reaching the status of being in the 1% does not mean that you are in the top one percent of a particular age group, but rather how your income compares to everyone else in the US.
I didn't compare myself to everyone else. I compared myself to my own age. Seems more logical to compare myself against my peers who would have come into adulthood at the same time.
I didn't compare myself to everyone else. I compared myself to my own age. Seems more logical to compare myself against my peers who would have come into adulthood at the same time.
Me vs everyone huh?
Your first link was behind a paywall, so I couldn't look at it, your second link consisted of 2012 data. I suppose that you can use any parameters you want to determine whether you are in the 1% but when most people talk about the 1% they are not talking about how you measure up according to your age. Using that calculation, if a 7 year old has $100 in his piggy bank he might be in the 1%
Thanks to Trump. "Prove it" you say? It's called the Stock Market Casino and it's participation is by and large only the top 10% of Americans.
Guess again.
America's workers and retirees have in aggregate $27 Trillion invested in their pension/retirement accounts. Those investments include a HUGE amount of shares in corporations. When corporations profit, most of those profits go to fund those retirements.
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