All you EV fans - Colorado now offering a combination of 26500 towards EVs.

[Magnified]

Poor is a relative term... I life above my means by judicious planning. I know I am not "poor" in the general meaning of the word by any means, but neither am I rich, by the common standard.

 

[1971demon]

Poor is a relative term... I life above my means by judicious planning. I know I am not "poor" in the general meaning of the word by any means, but neither am I rich, by the common standard.

("poor in the general meaning was my reference)...never met a "poor" plumber....BTW...just what is the common standard for bein rich...

 

[Magnified]

Not having to work is a pretty good one ... (and no, not welfare queens or dudes living in a dumpster lol)

 

[BULL]

("poor in the general meaning was my reference)...never met a "poor" plumber....BTW...just what is the common standard for bein rich...

1%

And understand that the curve looks very much like a hockey stick.

I bet many of the people here are in the 8th-4th percentile of income. (You'd be surprised)

But it becomes literally exponentially harder to get to that next percentile, and by the time you're looking at the jump from the 2nd percentile to the "1-percenters", you're looking at gigantic increases in wealth.

 

[1971demon]

Not having to work is a pretty good one ... (and no, not welfare queens or dudes living in a dumpster lol)

@70....I don't have to work...but I do...I was always of the belief that I didn't live to work...I worked to live..I live a very good..(and comfortable life)...and I find work more rewarding than just the financial aspect...the fact that I'm in good health probably has much to do with it...

 

[1971demon]

1%

And understand that the curve looks very much like a hockey stick.

I bet many of the people here are in the 8th-4th percentile of income. (You'd be surprised)

But it becomes literally exponentially harder to get to that next percentile, and by the time you're looking at the jump from the 2nd percentile to the "1-percenters", you're looking at gigantic increases in wealth.

The first mill....is the hardest...(not assets...but cash on hand)...I would guess more than just a few on here are millionaires on paper...it's not quite the benchmark of affluence it was say 35/40 years ago...now as far as the 1%ers...we have none on here...

 

[Boris]

Not having to work is a pretty good one ... (and no, not welfare queens or dudes living in a dumpster lol)

Ah Dang!

 

[Jimmy N.]

The first mill....is the hardest...(not assets...but cash on hand)....

It sure is. I'm now working on my second million...since I couldn't make the first one happen.

 

[BULL]

The first mill....is the hardest...(not assets...but cash on hand)...I would guess more than just a few on here are millionaires on paper...it's not quite the benchmark of affluence it was say 35/40 years ago...now as far as the 1%ers...we have none on here...

Me, paper, yes (barely), cash, not close

 

[1971demon]

Me, paper, yes (barely), cash, not close

I was able to achieve 100% equity in all of my real estate holdings some 12 years ago..(rental as well my primary residence )...add the explosion of real estate values..(and the ability to raise rents accordingly)....the past twelve years have been my most profitable...and barring any unforeseen economic upheaval...I expect that trend to continue....but...nothing is certain these days...