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re: what is considered middle and upper class in louisiana?
Posted on 3/29/07 at 5:55 pm to Powerman
Posted on 3/29/07 at 5:55 pm to Powerman
Alright you dumb shite.
A guy gets 20 million dollars. he finds it on the ground.
He doesn't put it in the bank. 10 years later he has not invested any of it.. He has spent it little by little and has 18 million left.
But he hasn't brought any new money in. His income is $0 per year. It's been $0 per year since he saw the money.
Yet he's still high class. Even though he has no income.
Hmmmmm....
A guy gets 20 million dollars. he finds it on the ground.
He doesn't put it in the bank. 10 years later he has not invested any of it.. He has spent it little by little and has 18 million left.
But he hasn't brought any new money in. His income is $0 per year. It's been $0 per year since he saw the money.
Yet he's still high class. Even though he has no income.
Hmmmmm....
This post was edited on 3/29/07 at 5:56 pm
Posted on 3/29/07 at 5:56 pm to LSU Fan 90812
quote:
Are the people with no income, who are still considered High Class?
I assume you're talking about inheritance
That's still some form of income
If you have 0 dollars you're obviously not high class. If you inherited 10 million dollars you're high class
BUT if you make 700K, with or without inheritance you're high class so long as you can sustain that income consistently.
Posted on 3/29/07 at 5:57 pm to LSU Fan 90812
quote:
A guy gets 20 million dollars. he finds it on the ground.
That would be income
Posted on 3/29/07 at 5:58 pm to Powerman
I am trying to figure out is Powerman is Michael Spinks or Trevor Burbick (against Mike Tyson). This is brutal. I just hope he doesn't go back and edit all his posts.
This is truly pownage on a biblical scale.
This is truly pownage on a biblical scale.
Posted on 3/29/07 at 5:58 pm to Powerman
quote:
BUT if you make 700K, with or without inheritance you're high class so long as you can sustain thatquote:.
income consistently
oh wait. so now you're adding yet another factor into the mix. DURATION. 700k a year for a certain period of years. That sounds like "sustaining wealth"
Hmmmmm....
You're a fricking moron. why can't you just admit that you've been wrong.
Posted on 3/29/07 at 5:59 pm to Casty McBoozer
quote:
I tested out of Physics 1100, then took it. Bring it.
quote:
I need to run.
That's what I thought bitches
Posted on 3/29/07 at 5:59 pm to Powerman
quote:
That would be income
no shite you stupid frick. But in the scenario I provided, 10 years later he doesn't have an income.
That was 10 years ago. For the next 10 years he makes $0 a year. If you ask him how much money he makes, he has to say "I make $0 a year"
Posted on 3/29/07 at 6:00 pm to ynotus
You don't even have to invest "properly"
So long as you don't do it in an extremely terrible fashion 700K will make you rich
So long as you don't do it in an extremely terrible fashion 700K will make you rich
Posted on 3/29/07 at 6:00 pm to Chicken
quote:
I am trying to figure out is Powerman is Michael Spinks or Trevor Burbick (against Mike Tyson). This is brutal. I just hope he doesn't go back and edit all his posts.
who do I get to be? because this isn't even fun any more. I'm starting to feel sorry for how stupid his arguments are.
Posted on 3/29/07 at 6:02 pm to LSU Fan 90812
quote:
oh wait. so now you're adding yet another factor into the mix. DURATION. 700k a year for a certain period of years. That sounds like "sustaining wealth"
when someone says 700k per year, there is an assumption that there is some duration
If someone makes 700K one year and quits working I suppose you'd have a point. But who the frick in their right mind would do that?
quote:
You're a fricking moron. why can't you just admit that you've been wrong.
You should be asking yourself this question, not me.
Posted on 3/29/07 at 6:02 pm to Powerman
quote:
So long as you don't do it in an extremely terrible fashion 700K will make you rich
so high enough INCOME vs EXPENSES, for a long enough DURATION. Those weren't the words you wer using...
HMMMMMM... And guess, what, that still would only make you "rich".
Posted on 3/29/07 at 6:03 pm to Powerman
quote:
when someone says 700k per year, there is an assumption that there is some duration
NO. You idiot. this is logic. There are no assumptions. You don't get any "implied". You're defining factors.
You're a fricking idiot.
Posted on 3/29/07 at 6:04 pm to LSU Fan 90812
quote:
so high enough INCOME vs EXPENSES, for a long enough DURATION. Those weren't the words you wer using...
This shite should be implied
Even Bill Gates could be a low class bum if he spent his money foolishly enough
But for 99.99% of the population 700k per year will make you a rich person. You'd have to be a complete idiot to frick up that kind of income.
Posted on 3/29/07 at 6:05 pm to LSU Fan 90812
the funny thing is that I'm explaining your factors far better than you are.
And you're still way off. Because you still haven't answered my $0 income for 10 years question.
Hmmmmm....
And you're still way off. Because you still haven't answered my $0 income for 10 years question.
Hmmmmm....
Posted on 3/29/07 at 6:05 pm to ynotus
quote:
Is that pre-tax income? After taxes and expenses, IF you are living a 700k lifestyle, trust me. You'd damn well better invest wisely
Let's say it's gross
Net income would still be about 30K a month
Even if you have a 12K house note that gives you 18K leftover a MONTH
Would you consider that to be "middle class"?
I sure as frick wouldn't
Posted on 3/29/07 at 6:06 pm to Chicken
quote:
If you live in LA and make 700K a year and have decent spending habits you might be rich, but not necessarily upper class.
This is very true. You have to be born into upper class. There are guys who make an eighth of what I make and are members of clubs that I can't join. But, personally I'd rather be rich
Posted on 3/29/07 at 6:06 pm to ynotus
quote:
ever seen statistics on lottery winners within 10 years of winning? not pretty
That's because those people ARE idiots
Most of them take the lump sum and blow it all thinking they're Bill Gates and wind up with nothing
But if you're a working man and making 700K a year the probability that you'll be anything but rich is VERY VERY low.
This argument is absurd
Posted on 3/29/07 at 6:06 pm to Powerman
I am so glad Chicken made me get out of this thing.
Posted on 3/29/07 at 6:07 pm to Powerman
quote:
This shite should be implied
Even Bill Gates could be a low class bum if he spent his money foolishly enough
But for 99.99% of the population 700k per year will make you a rich person. You'd have to be a complete idiot to frick up that kind of income.
No you stupid frick. nothing is implied. NOTHING. That's the whole point when you're trying to find a conclusive point.
And guess what, still? The funny thing is you're losing the 700k= rich battle so badly, and it started out that 700k=upper class. which was the original argument.
YOu lose.
Posted on 3/29/07 at 6:08 pm to LSU Fan 90812
Karma you're embarrassing yourself
You said that income is not the definitive factor in getting rich
Any way you slice it you can't get rich without a high income
You can still manage to not be rich with a high income but there is no conceivable way you can get rich without one.
Thus it IS the definitive factor in whether or not one can be rich. Please explain to me how to get rich without a high income.
You said that income is not the definitive factor in getting rich
Any way you slice it you can't get rich without a high income
You can still manage to not be rich with a high income but there is no conceivable way you can get rich without one.
Thus it IS the definitive factor in whether or not one can be rich. Please explain to me how to get rich without a high income.
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