Results 14,351 to 14,375 of 18222
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06-15-2021, 12:12 PM #14351
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06-15-2021, 12:12 PM #14352
You both need to go for a bike ride.
500 people in the whole world? C'mon man."timberridge is terminally vapid" -- a fortune cookie in Yueyang
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06-15-2021, 12:16 PM #14353
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06-15-2021, 12:16 PM #14354
Come on man, don't dig your hole deeper. There are only so many fortune 500 companies. And of those, there are maybe a handful of people who went to Eastern Iowa State (or equivalent) and rose to VP by 40 years old.
That was the example, and it is ludicrous.Live Free or Die
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06-15-2021, 12:27 PM #14355
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06-15-2021, 12:27 PM #14356
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06-15-2021, 12:28 PM #14357
Don't let Benny suck you in to his black hole of negativity.
"timberridge is terminally vapid" -- a fortune cookie in Yueyang
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06-15-2021, 12:33 PM #14358
Yup. Think happy thoughts, and get rich!
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06-15-2021, 12:35 PM #14359
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06-15-2021, 01:02 PM #14360Registered User
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- Dec 2010
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- 3,941
the first part was admittedly hyperbole. The point was that the name on your diploma gives exponentially diminishing returns the further out from your graduation date that you get. Its job performance that becomes important (yes exceptions exist).
I dont think anyone was arguing that todd's situation was super common or the expected normal. Just that its not outrageous, or unobtainable if you play your cards over 20+ years intelligently, with discipline, and manage to avoid some bad luck along the way you could have 1.1mil in total investable assets. It doesnt take an ivy league degree or rich parents, and it sucks that is the kneejerk assumption. Financial success is a lot more possible than i feel like many of my liberal compatriots (and paradoxically the MAGA contingent) believe these days. Too much woe is me and blame-game, not enough competitive fire to succeed (as a general observation, not to say that some structural issues do not exist).
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06-15-2021, 01:17 PM #14361
Someone should tell Yale their degree just isn't what it used to be.
While I agree there is a lot of woe is me negatively and that does not help, you at least need to set realistic goals to achieve / state. Work hard and play your cards right and sure you will be comfortable, but 1.1 liquid is a whole hell of a lot more than comfortable at 40 years old.
The Todd example without help from home or blind luck is .1% territory and if you don't know that you clearly didn't work for it.Live Free or Die
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06-15-2021, 01:24 PM #14362
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06-15-2021, 01:29 PM #14363Rod9301
- Join Date
- Jan 2009
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- Squaw valley
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- 4,673
I don't get why people go for a business undergraduate degree.
Real case. Boston, degree in business, got a material job out of college for 53ka year.
Engineering degree, 80k first job of of college.
Is it because a business degree is easier?
Sent from my Redmi Note 8 Pro using Tapatalk
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06-15-2021, 01:41 PM #14364
Or maybe Todd chucked a few grand into GME back in July and cashed out in April?It's a war of the mind and we're armed to the teeth.
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06-15-2021, 01:46 PM #14365
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06-15-2021, 01:46 PM #14366
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06-15-2021, 01:47 PM #14367Registered User
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- Dec 2008
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- 824
Well, regardless, it's a funny meme.
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06-15-2021, 01:51 PM #14368Registered User
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- Dec 2010
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- 3,941
IDK, todd looks mid 40s, with a wife about the same age. Is 500k in investable assets for todd alone more realistic for you? Because that is what is being said here- folks just keep glossing over the fact his wife was considered an equal financial contributor in all these examples (the horror!).
Also, the top 1% has a networth of 4.4mil. So, owning 1.1 "liquid" and lets say another 300k in RE equity, puts todd and wife around one third of what it would take to be in the 1% in their mid 40s. Again, not that outrageous, and certainly not close to 0.1% territory by any metric (he'd have to be earning around 2mil/yr to qualify based on income fyi).
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06-15-2021, 01:54 PM #14369Registered User
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I got an engineering degree, and didnt start making 80k till my 4th year in the industry after switching companies and talking my way into a position i was way underqualified for haha. We certainly do not hire graduates even close to 80k/yr here in the seattle area. You might want to specify which type of engineering youre talking about though haha. But yes, the dropouts from the first year of engineering undergrad either go to business or construction mgmt IME.
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06-15-2021, 01:55 PM #14370
todd is an imposter…
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06-15-2021, 02:00 PM #14371
If you are an EE I can confirm $80K to $100K for a BS/MS out of school at any major company. More if you are a PhD or in the bay area or working FB/GOOG/APPL especially in bonus stock perks.
Could be more lately with job crunch...last I was in the know was 3-4 yrs ago.
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06-15-2021, 02:02 PM #14372
Haha, the Boomers are back to discuss how realistic a fucking meme is. Show me where Todd hurt you by theoretically having 1.1MM in passive etfs...
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06-15-2021, 02:03 PM #14373Registered User
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- Dec 2010
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06-15-2021, 02:07 PM #14374
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06-15-2021, 02:08 PM #14375
And the top 1% of net worth individuals has an average age of? Hint, its almost 70.
Dude it is 100% outrageous to expect that as any sort of reality for 99.9% of people by 40 years old. Over half the country can't make it 3 weeks between paychecks at any age let alone 40.Live Free or Die
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