- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Creating Wealth and the people you know who have it ...
Posted on 3/23/09 at 9:46 am to MileHigh
Posted on 3/23/09 at 9:46 am to MileHigh
quote:right, someone making over $300K is paying 6-figures in taxes, and could be sending a sizable chunk of change to pay for his/her house, cars, country club, private schools, etc...
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.
and while the house is an asset, there is no telling how much equity the person has in it.
This post was edited on 3/23/09 at 9:47 am
1
Posted on 3/23/09 at 10:25 am to Chicken
'and while the house is an asset, there is no telling how much equity the person has in it.'
I find it amusing that when houses were going up they were described as investments and now that they are going down they are described as assets.
Nothing personal Chicken, simply an observation.
I find it amusing that when houses were going up they were described as investments and now that they are going down they are described as assets.
Nothing personal Chicken, simply an observation.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News