The rich sometimes get richer and the poor sometimes get richer. A rich person can invest in real estate and make money but they can also fail at real estate. Poor people can't invest in real estate (excluding bank loans, random donations, friend's money, partnering with richer people). Rich people can also start a business to *try* and make more money. I make very little money (some would claim I make no money). I have no car and no house of my own and I'm 31. Yet, my life is really good sometimes. Different people, different experience. Thanks for promoting money ideas and exercise. I need both.
You’re absolutely right, and also to add that you get so tired it out from work that it distracts you from understanding assets and you don’t understand this until way later when you’re smacked in the face with inflation, and then you’re made to look like the idiot because they didn’t tell you this earlier time.
500k/year people are only commonly spoken about to those on the internet who have no idea how rare that is. Surgeons, small business owners who got successful and C-level execs. Sure some inter-generational wealthy folks too but even those are far rarer than you'd think because families usually dilute the wealth over generations with a greater portion of the family consuming the wealth vs investing/growing it as time goes on. I work in corporate America with some really high performers and even they aren't at the 500k level maybe 350-425k for the dept heads and that comes at the cost of their soul in terms of time dedicated to the job. 150-250k is far more common and only way to get to 500k is if its a couple and both have demanding jobs ie: in middle management making close to 250k. The higher up you go above 100k, 150k and especially 200/250k you just don't find jobs that will pay that much. Silicon Valley may be different but even on the northeast coast only way you getting that comp is being an executive at some PE company and that's basically C-level stuff. When I hear people talking about 500k jobs as if its not a big deal I know they have no idea what they are talking about and their frame of reference is off the internet and not reality.
Fed's stated goal is a targeted inflation rate. It's a psychological game that they control with credit conditions (fed funds rate) and occasional QE/QT to provide liquidity slack when they or their friends (business, politicians) need a bail out. Asset deflation can occur and quickly
The rich sometimes get richer and the poor sometimes get richer. A rich person can invest in real estate and make money but they can also fail at real estate. Poor people can't invest in real estate (excluding bank loans, random donations, friend's money, partnering with richer people). Rich people can also start a business to *try* and make more money.
I make very little money (some would claim I make no money). I have no car and no house of my own and I'm 31. Yet, my life is really good sometimes. Different people, different experience. Thanks for promoting money ideas and exercise. I need both.
You’re absolutely right, and also to add that you get so tired it out from work that it distracts you from understanding assets and you don’t understand this until way later when you’re smacked in the face with inflation, and then you’re made to look like the idiot because they didn’t tell you this earlier time.
500k/year people are only commonly spoken about to those on the internet who have no idea how rare that is. Surgeons, small business owners who got successful and C-level execs. Sure some inter-generational wealthy folks too but even those are far rarer than you'd think because families usually dilute the wealth over generations with a greater portion of the family consuming the wealth vs investing/growing it as time goes on. I work in corporate America with some really high performers and even they aren't at the 500k level maybe 350-425k for the dept heads and that comes at the cost of their soul in terms of time dedicated to the job. 150-250k is far more common and only way to get to 500k is if its a couple and both have demanding jobs ie: in middle management making close to 250k. The higher up you go above 100k, 150k and especially 200/250k you just don't find jobs that will pay that much.
Silicon Valley may be different but even on the northeast coast only way you getting that comp is being an executive at some PE company and that's basically C-level stuff. When I hear people talking about 500k jobs as if its not a big deal I know they have no idea what they are talking about and their frame of reference is off the internet and not reality.
Fed's stated goal is a targeted inflation rate. It's a psychological game that they control with credit conditions (fed funds rate) and occasional QE/QT to provide liquidity slack when they or their friends (business, politicians) need a bail out. Asset deflation can occur and quickly
Reaganomics
Bro your light is falling off
It's a 25 year old Saturn