Are most millionaires actually self-made?
>>62604475Yes. If you can't make it, you deserve to be poor for eternity.
>>62604475No man is an island
>>62604475>>62604475>Are most millionaires actually self-made?Are they jewish? Then no.
>>62604475>inherit 300k of investments >10 years later it's $1m>self made millionaire
isn't this just boomers becoming millionaires through their bloated overvalued 401ks? lol
if you consider inheriting $500K and investing it to make $1M as being "self-made" then sure
100% of millionaires deserve their money, and that's a fact jack. I've never met a millionaire who's hand I didn't want to shake, they're a superior class of people clearly and scientifically. Subhuman commies will try to imply things like "that's not factually based" or "it's a psyop so the slaves work harder", but in reality I'm PROUD to serve them and know the truth, they deserve every single penny, always.
>>62604475PLAY OCTO WOW
>>62604475>millionairecompletely meaningless
>inherits $500k in real estate or stocks>10 years of inflation drives the price of the real estate/stocks up to $1M>ackshually i'm a self-made millionaireBased boomers
A big fraction of those people probably inherited hundreds of thousands of dollars.>>62604734and this
>>62604475It would be cool to make an app that could answer questions like thatYou'd probably get rich
>>62604734Invest in retirement homes and end of life care, the remaining boomers are going to be funneling the million dollars from their shitbox 1970s build that's falling apart into 5k/month assisted living homes and medical bills
>>62604475yes. most millionaires were once homeless with nothing but a firm handshake at their disposal.
>>62605126>yes. most millionaires were once homeless with nothing but a firm handshake at their disposal.some didn't even have that and they still bootstrapped their way to wealth. Work harder, taxoyim. No excuses.
>>62604748>A big fraction of those people probably inherited hundreds of thousands of dollars.No. The average millionaire is just a boomer who bought a house that appreciated, and also put some money in the stock market on a consistent basis over 40 years.The multi-millionaires are usually small business owners - hvac, plumbing, septic, general contracting, etc.
>>62604890Alright, what'd your picks for that be? Been thinking about Healthpeak Properties as something beaten down after the pandemic that's poised to grown on that nation again.
I'm low seven figs, no inheritance. My dad taught me how to build wealth using my intellect which I did inherit from him. That is the only inheritance that matters which is why discussing it makes poor stupid people very upset.
Most are Boomers who bought a house to live in + one rental on a blue collar salary
>>62605653>My dad taught me how to build wealth using my intellect which I did inherit from himInteresting if you could please tell little more, what you do for living anon?
>>62604475It's called inflationBeing a millionaire is nothing today
>>62604475No most either divorce for it or inherit. A million in today's money is like 100k in the 70s. Now if you had a million back then that would be impressive. There are degrees that cost a million. It's really not remotely the same as being a millionaire when it mattered. A quarter of a billion would be impressive. A million dollars will get you a shitty house and maybe two cars. Big whoop.
>>62604475Being a millionaire is a product of hard work and iq fuck off poor cel
>>62604475i'd be really interested to see this figure without first home ownership wealth included.
>>62605971Fewer than 10% of US homes are worth over a million and fewer than 40% of homeowners own their houses outright.The overlap between million dollar homes and homes without mortgages is almost 0Nobody here is smart enough to understand what this means
>>62605978still, home price + 401k pushes a lot of average joes over the line of millionaire. my 61 year old boomer supervisor has a million in his retirement account and he's saying its barely enough to last him the rest of his life. i want to know how many people straight out have 7 figures in their bank account all taxes paid right now.
Nobody and nothing has ever made more millionaires than inflation.
>>62605694He works at daddy's firm
>>62605696>It's called inflation>Being a millionaire is nothing today>>62605990>Nobody and nothing has ever made more millionaires than inflation.is this like the hot new cope over not being 7figs yet or something
>>62605985Probably true but most millionaires make their money owning a business. Their house and retirement is just where they park their money because anyone smart enough to make millions knows money in the bank is a loss
>>62604554>I've never met a millionaire who's hand I didn't want to shakethat's because you're a money-grubbing self-interested asshole
>>62606086I didn't lay it on thick enough?
>>62606022true that money just sitting in checkings is losing money, but thats what i consider to be a "millionaire". when you have enough money making money that you just have over a million in just liquid cash, thats when you can really go out and have fun and not worry about the costs. thats the true mark of making it.
I do that with a $250k trading account with a linked card. Worry about taxes later.
Spend some. Bring it back up rinse repeat every year keeps the job away. Stay fit to minimize health cost.
>>62606204Ah. I've never hit that point because I literally never spend that much cash.I rent stuff. I buy stuff on credit. I try to never spend my own money outright
>>62606220Buy puts if you want to spend other people's money.
>>62606225I'm perfectly fine with $100k credit limit on 0% cards. I've never spontaneously spent more than $100k on anything ever aside from vehicles and I get a loan or lease for those separately
>2026>millionaireEven if you want to believe the official inflation rates, it's not impressive anymore.Congrats, you own a house and your job has retirement investment matching. You're a heckin millionaire! Now go treat yourself to some Sysco slop with extra butter in a take out box for $35 dollar and drive it home in your Honda Accord
how many decades will it take for people to accept that 1M in 2026 is no longer a lot of money?
>>62604734Yes, inflation creates value from investments.hownewru
>>62604475Retarded nigger tier conclusion.
>>62606712You sound dumb
The best way to make money is to have lots of money>Between 1990 and 2010, the fortune of Bill Gates — the founder of Microsoft, the world leader in operating systems, and the very incarnation of entrepreneurial wealth and number one in the Forbes rankings for more than ten years — increased from $4 billion to $50 billion. At the same time, the fortune of Liliane Bettencourt — the heiress of L’Oréal, the world leader in cosmetics, founded by her father Eugène Schueller, who in 1907 invented a range of hair dyes that were destined to do well in a way reminiscent of César Birotteau’s success with perfume a century earlier — increased from $2 billion to $25 billion, again according to Forbes.>In other words, Liliane Bettencourt, who never worked a day in her life, saw her fortune grow exactly as fast as that of Bill Gates, the high-tech pioneer, whose wealth has incidentally continued to grow just as rapidly since he stopped working. Once a fortune is established, the capital grows according to a dynamic of its own, and it can continue to grow at a rapid pace for decades simply because of its size.
>>62604531this, nobody becomes a millionaire punching in to their 60k job every day. rents and inflation eat most of it.either you make something like $100k a year and manage your money carefully or you make absurd money or you inherit nice money and get lucky in the market.
>>62604475Yes because the vast majority of these millionaires are 70+ and weren't millionaires their entire lives. They got their money from having normal jobs and investing for decades
Most millionaires are that because of house value going up or stocks, not by building a businessA million is nothing these days thanks to fiat getting more and more worthless
>>62607204>more and more worthlessLoserthink
>>62604475>millionaire>wealthy
>>62607373I am a millionaire and it affords me a middle class lifestyle circa 1995
