Thread: Do you think you'll make it into the top 1%?

Originally Posted by polscie

you are kidding the entire world.
1% represents the likes of ford and rockefeller.

polscie

The 1% cutoff is about $380,000 a year.

A person selling a good house can break into the 1% in a given year.

I am happy as I am , I do okay but I am not jealous of anyone with more , I got my kids love !!!

Originally Posted by sunnyside

I'm curious how many think that at the peak of their and their household's careers and investments, they'll break into the top 1% of household incomes in their country for at least a year.


I'd also be very curious to see if there are national/international polls on this, or on what percentage of people have actually managed it. I haven't been able to find solid numbers yet.

EDIT: Just take the top option if you're already there.

The epitomy of life is not to become the "1%". But not to mention you ARE the 1% by world standards. But I guess your envy of those that have what you don't blinds you to see that you have more than 99% of everyone else. When are YOU going to hand over your food, water, electricity, possesions so that the poor in Africa and south America stop starving?

Do you think the 99 people sitting under Bill Gates are looking for ways to bring him down? Well, maybe only George Soros, but what would you expect from a liberal greed machine? Be happy with what you got, or work harder for what you WANT.

Originally Posted by sunnyside

The poll is anonymous if you're worried about trolls.

You should have added the option of "I don't want to be the top 1%".

I know a number of people who became multimillionaires. I know I could have done what they did. I chose not to. But, unlike liberals I don't sit around and whine and say someone should take what those people earned and give it to me.

Some years ago I decided to quit working. I knew if I worked another ten years I'd have a lot more money. But, I chose time over money. I felt I had enough money. A friend of mine in his late sixties said he thought he had enough money, too, but his wife wanted him to work another ten years. I asked if he had a large life insurance policy.

So, no, I won't be wealthy. But, I'm old, I've had an enjoyable life. I had some wonderful times hiking alone in the wilderness. None of my multimillionaire friends have ever done that. I enjoy spending time traveling the two-laned roads on my Harley and visiting with people I met. My rich friends never did that either. I have a wonderful memory of chasing a bear in my underwear while my kids laughed at me. I remember skiing in to an undeveloped hot spring and soaking in the hot water with my family as we watched the snowing coming down.

But, I never owned a Rolex. But, the time is 7:20.

I have a question. How much is enough for you? I understand that President Obama, who personally has to have more, might think you already have enough.

Originally Posted by SiliconMagician

I don't need to be in the top 1%. I'll be happy in the top 25% thank you and that is eminently achievable by me.

Globally, if you make $10,000 a year. You are in the top 13% richest people on the planet. People should be more grateful to Capitalism.

Is that adjusted for purchasing power?

Originally Posted by polscie

you are kidding the entire world.
1% represents the likes of ford and rockefeller.

polscie

Those guys are/were more like .00000001%.

1% is your doctor if they're either good or if their spouse is also working.

Originally Posted by Wildjoker5

You should have added the option of "I don't want to be the top 1%".

Um. It's there. At the bottom of the choices.

Originally Posted by hiimjered

A person selling a good house can break into the 1% in a given year.

That's liquidating an asset not income.

Originally Posted by sunnyside

Um. It's there. At the bottom of the choices.

Yeah, but it is skewed with that crap about 99% pride. Actually I have 53% pride. The 53% that actually pay income taxes to keep this nation running.

Originally Posted by sunnyside

I'm curious how many think that at the peak of their and their household's careers and investments, they'll break into the top 1% of household incomes in their country for at least a year.


I'd also be very curious to see if there are national/international polls on this, or on what percentage of people have actually managed it. I haven't been able to find solid numbers yet.

EDIT: Just take the top option if you're already there.

I never set the top any percent as a goal. I set my goal to be financially independent according to my wants. I accomplished that. That anyone has more or less money than me is of no importance to me. Those that have more, that is their fault. Those that have less, its their fault. What I accomplished is my fault. In this instance fault/credit are interchangeable.

I'm still in the market but now playing safe rather than risk taking. I've been playing more and more safe since I turned 60 and had a heart attack and that's well, over a decade now. I doubt any investment I hold would increase to put me in the top 1%, but I have no need to be there. I never had any desire to have a crapper that has solid gold fixtures. I am happy with a good quality crapper that works as it is supposed to work.

Originally Posted by sunnyside

That's liquidating an asset not income.

Profits from the appreciation of an asset are income when liquidated. This rule put a lot of flippers in the 1% during the housing boom.