“A million dollars is the new $100k”
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Bigblackted4
Superstar
People aren’t smart with money
Koapa
Superstar
People just say any fukking thing.
Diondon
Thanks to the lawyers uh, I marbled the foyer
Man come on lol
Roger king
Superstar
This guys are either telling lies or living on another planet, the average american makes less than 60k annually, the average american cant afford an emergency 1000dollars expenditure, people work pay check to pay check, 500 dollars is chump change to some for me thats groceries for several months and food on the table. Let us be honest for once and stop this propaganda, salute to all the brothers grinding and getting it out the mud everyday
TELL ME YA CHEESIN FAM?
I walk around a little edgy already
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DJ Paul's Arm
Veteran
This
Give a broke boi a milly and watch him blow it in a few days on materialistic shyt.
Give me a milly and I’ll pay off my Honda, cop a cookie cutter home cash, keep my day job and invest the rest.
100k after taxes is still a lot of money
Maybe not so much if you're so fixated on buying 50k berkin bags, but then that's more of a you problem than a money problem.
Let's not even cap about 1 million not being a lot
Maybe not so much if you're so fixated on buying 50k berkin bags, but then that's more of a you problem than a money problem.
Let's not even cap about 1 million not being a lot
Ezekiel 25:17
Veteran
CIA really dropped podcast equipment into Black neighborhoods like they did crack in the 80s.
We need to take podcast equipment away from the masses
Which is why I never understand why ppl make and run with statements like these
Inflation calculators are free and take 20 seconds to use
Fillerguy
Veteran
These people do not live in the real world. The flex for a living. They can't keep money because they spend money for a living.
The average American has like 100k debt and less than 8k in their bank accounts. Someone with a 1 million net worth (top 5%) will objectively never struggle as much as someone living in the bottom 50% (100k). Unless they're shyt with money. I work in wealth management with high to ultra high net worth clients. Some of these high yielding investments require, at minimum, a 1 million net worth because its a positive sign said investor is capable and willing to invest more. Banks are betting on ppl sitting on 100k to move like that.
If someone gave you a million, you can invest it in a way so that you'll be earning at least 50k a year, passively. Add on a part time job and you'll hit the top 1% in about decade. And that's not even factoring in interest, and your wealth/property gaining value. You can even take out an insurance policy, which will inflate your net worth even more, and use it as collateral to by into higher yielding investments or loans.
And just as a general rule in life, in any era, never take financial advice from someone claims they can't live off the average salary. It's literally the average because people, on average, are already living off of that amount.
The average American has like 100k debt and less than 8k in their bank accounts. Someone with a 1 million net worth (top 5%) will objectively never struggle as much as someone living in the bottom 50% (100k). Unless they're shyt with money. I work in wealth management with high to ultra high net worth clients. Some of these high yielding investments require, at minimum, a 1 million net worth because its a positive sign said investor is capable and willing to invest more. Banks are betting on ppl sitting on 100k to move like that.
If someone gave you a million, you can invest it in a way so that you'll be earning at least 50k a year, passively. Add on a part time job and you'll hit the top 1% in about decade. And that's not even factoring in interest, and your wealth/property gaining value. You can even take out an insurance policy, which will inflate your net worth even more, and use it as collateral to by into higher yielding investments or loans.
And just as a general rule in life, in any era, never take financial advice from someone claims they can't live off the average salary. It's literally the average because people, on average, are already living off of that amount.
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Vandelay
Life is absurd. Lean into it.
As @jaydawg08 said it's more like $200-250k depending where you at. $100k back in the 80's and 90's was used because that was the average salary you needed to start building wealth or at least financial stability. These nikkas and others inflate shyt because they're not really dropping knowledge, they're trying to do a not so subtle flex.
EDIT: I mean think about it...Who has access to a million dollars? This is just bragging...
And a million dollars, unless you're in major debt, you can still do a lot with. It's not retirement money, but it opens a helluva a lot of doors. $200k is that lobby entrance to wealth-building.
And I'm defining wealth as the ability to begin using your money to make money.
EDIT: I mean think about it...Who has access to a million dollars? This is just bragging...
And a million dollars, unless you're in major debt, you can still do a lot with. It's not retirement money, but it opens a helluva a lot of doors. $200k is that lobby entrance to wealth-building.
And I'm defining wealth as the ability to begin using your money to make money.
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