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re: How wealthy are you?

Posted on 8/26/14 at 11:05 am to
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 8/26/14 at 11:05 am to
quote:

That's correct and 5mm is in the 1.5% range..you said it's 'not achievable', now you're saying it's 'rare'.


no, I said its only unachieveable unless you have family money or sell your business. I would add if you work for financial services firms. even then.
quote:

The VAST majority of people never even try, leaving maybe 10% who actually give it a shot. I"d say the odds of success are really closer to 1 in 5 or 10 considering most don't even play the game

I really doubt that. I know quite a few people who have started their businesses, and none are any where near 10M. and some of these are very successful businesses.
Posted by yellowfin
Coastal Bar
Member since May 2006
98083 posts
Posted on 8/26/14 at 11:12 am to
quote:

I know quite a few people who have started their businesses, and none are any where near 10M. and some of these are very successful businesses.


Maybe we are spoiled with the oil and gas industry but there aren't many businesses on hwy 90 not worth 10M today.
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