| SpokenTruth said: Holy shit man. You're getting an inheritance and you have the audacity to suggest the poor just need to invest, buy a house as an investment and work 80 hours per week with a bed in their OFFICE? The poor....their office. Do you realize the golden pedestal you stand upon and how your voice sounds when talking from it? |
I have audacity ? LOL, you obviously misunderstood since not *all* inheritance is valued at over a million dollars ...
At most my parents assets are worth $350K USDs right now and I don't expect to receive them until I'm five decades into my life so I'll have to figure something out for the next 3 decades during that time since I doubt we're going to be holding a funeral for my parents anytime soon and I don't know if that wealth will hold constant with inflation or worse yet decrease ... (at first I didn't know that *my* trust is worth that much more than my younger sibling's but I guess parents are willing to put stock in one of their kid's over the others)
You have it wrong if you think my family is anywhere near wealthy (heck we're at the bottom 50% in terms of income), they just know how to save and invest ... (although I don't think their going about the latter in the most effective way since they seem to think that paying and renting another house is the best bet which is not true since there are higher capital returns in the upper performing bracket of stocks or leveraging which they don't even know but that's what they do since it's what they know best)
I do realize what I've said and yes the 'poor' or 'working' if they choose to do so should be busting their arms off doing all these things I suggested if they want to be 'rich', ideally they should be putting in 16 hours each day or 112h/week if they can since overtime, raises, promotions or bonuses can very easily come to their way netting them 4x annual income rate for just working a little under 3x the amount of the average 40h/week ... (america makes it very easy since you get 50% more pay for overtime so it's every bit as the land of opportunities that people keep describing it is)
With the cash raised for just half a decade while assuming that your portfolio appreciates double compared to the rest of the market (20%) and having a modest 3% dividend rate you'll easily reach $1M worth of stocks and suddenly the system is working for you by giving $30K in income but very soon after reaching $2M you'll soon be able to see yourself self sustaining ... 
'Common' working people should learn to take notes from the rich people by owning more businesses (continuous income) instead real estate (generates no income) unless they want to keep depending on pensions for their retirement ...
