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if you aint worth 40M by age 40
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josiah33
#21 Posted : Saturday, December 31, 2011 6:57:36 PM
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Joined: 1/27/2011
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maybe there is some age-wealth accumulation relationship- http://econ.as.nyu.edu/docs/IO/9404/RR79-15.pdf
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josiah33
#22 Posted : Saturday, December 31, 2011 7:06:49 PM
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Joined: 1/27/2011
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there is some life cycle hypothesis that tries to explain consumption and saving behaviour throughout a person's life- http://en.wikipedia.org/wiki/Life-cycle_hypothesis
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harrydre
#23 Posted : Saturday, December 31, 2011 7:36:09 PM
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Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
Thats a pretty reasonable hypothesis
i.am.back!!!!
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Lolest!
#24 Posted : Saturday, December 31, 2011 7:54:45 PM
Rank: Elder


Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
TiggerTiggy wrote:
folks, this was a bar debate. decided to bring it here. if by 30 one doesnt own a car, then they arent doint too well either.

at what point should one aim to own a piece of land? At what point should one aim to own 1000 acres? Or a private jet? Does it depend on background?
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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seppuku
#25 Posted : Saturday, December 31, 2011 11:00:24 PM
Rank: Veteran


Joined: 5/11/2010
Posts: 918
simonkabz wrote:
masukuma wrote:
if you earn 100k a month You are in the richest 13% of the world's population. Your income is more than 8.7 times that of the typical person. If you earn 600k a month you are in the 1% of the world richest!
take a look at http://www.globalrichlist.com/
while 40 million at 40 sounds nice...it has no basis in reality!


Amazing calculator.


And how does this thing work? Curious it won't push you above position 107,565 however much yearly income you input! Or have the really big fish "patented" those?
Learn first to treat your time as you would your money, then treat your money as you do your time.
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YesuWangu
#26 Posted : Sunday, January 01, 2012 8:30:53 AM
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Joined: 8/11/2010
Posts: 1,588
Lolest! wrote:
TiggerTiggy wrote:
folks, this was a bar debate. decided to bring it here. if by 30 one doesnt own a car, then they arent doint too well either.

at what point should one aim to own a piece of land? At what point should one aim to own 1000 acres? Or a private jet? Does it depend on background?


Hello Lolest! How has your year started?

Anyway, Tiggy, how come this bar debate wasn't finished in the bar by the tigers therein?


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Thiong'o
#27 Posted : Friday, January 06, 2012 8:39:25 AM
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Joined: 10/14/2011
Posts: 661
Lolest! wrote:
Being young n rich and sustaining your status till old age is a rare occurrence. A number of guys will make it but by 60 they will be down again never to rise again. BTW, why 40M? How did u arrive at it?


Others are damn rich can afford to buy a $12 million home and bulldoze it.
It doesn't really matter.
http://sports.yahoo.com/...ion-home-232405259.html
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