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Posted on 3/22/09 at 8:57 pm to Cold Cous Cous
quote:
I would hope that anyone with an income of $300K a year would have assets worth more than 1 million dollars
Depends on how long they've been making the 300k. But I see your point. My dad makes a little over 100k and has over 1MM in assets.
Posted on 3/23/09 at 9:40 am to Cold Cous Cous
quote:
I would hope that anyone with an income of $300K a year would have assets worth more than 1 million dollars
depends on how long you have been making 300k+. Even if you save 30% of your income, it would still take time to get up to the 1M zone.
Posted on 3/23/09 at 3:19 pm to Cold Cous Cous
quote:
I would hope that anyone with an income of $300K a year would have assets worth more than 1 million dollars
Your assumption is wrong. Dallas and its suburbs are full of highly compensated employees with net worths no where near $1 million (especially since many of these individuals had a bunch of money tied up in homes that have now lost a lot of value).
Posted on 3/25/09 at 10:09 am to Cold Cous Cous
quote:
I would hope that anyone with an income of $300K a year would have assets worth more than 1 million dollars
really? that is quite a hope.
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