it’s hard but it’s doable to hit those benchmarks at those ages. The 10m at 45 to 49 is prolly the hardest. The biggest factor imo are recessions. You lose your job, your investments drop. Etc etc. you gotta pounce for the bounce. Next one would be divorce and alimony. Don’t fall for the pump and dump. Child support is another major issue that could f u over. So Wrap it before you tap it.Anyways end of the day, the rich start to slack off in their 50s and above. They hit it then quit it. It being the game. Then they sail and bail. Which is what you’d do when you have between 10 to 20m. Bottom line 1 percent is doable
Based on my perception, the main reason why people who are top 1% in school don’t become top 1% in net worth is because they made different life choices. For instance, a lot of people smarter than me in school became professors at Princeton or something. Some went to work for socially responsible things or some sht like that.
I agree that some life events can throw you off track, but the scenarios are outlined are extremely common for people coming from competitive universities. In a normal year, someone who really wanted to do something like that probably has an 70% chance of success or higher. If every single person from Harvard had a life goal of just being “top 1%” net worth, there would be a lot more of them in that category.
Rich don’t quit at 50
they keep compounding and actually with higher net worth have access to more opportunities
lol so i met another really rich guy through basketball.
still unsure with his stats. but he once told me, he made 240k as an att rep and recently quit that to become a cop. he is currently 24. anyways it didnt make sense so i thought he was a lying piker. i underestimated him.
anyways, this chinese dude who is fairly rich unsure on his net worth, but he drops 50k bets at vegas. started talking to me about investments in general. so i told him about john jacob astor. anyways the cop overheard and joined the convo. he said something about just buyin a real estate with 32 units in san diego. I was like 32 units, wtf, that must have been expensive. he asked me to guess how much it cost. i just did standard math 32 units at 1k a month. that’s 360k per year, so i guessed $3.6m. he’s like that’s close it cost 2.6m. how did you afford it, you must have needed at least 900k down.
then he told me his story. apparently his grandfather (70) was a ceo of a bank. cop is a trust baby. and he explained that he was a corporate sales guy for att selling to ceos of major corporations. my jaw literally dropped at how balling this nigga is. everything he earns is saved. he is pretty cheap, drives a camry or some shit. all his expenses his grandather pays for so the dude is solid. i mean the dude has tats, he pays for child support and he is only 24, but he owns a commercial building . he prolly stands to inherit more. he currently has an advisor though. but the seeds have been planted. muahahahahaa.
anyways i told him was jealous of him. i wished i was him, and if i had what he had, id be like pitbull. mr worldwide. he doesnt need to work, he just works to find purpose. my mom told she has this co workers who has millions. he is like 70 and he feels that if he quits he will die. how sad. why would you want to live if work is the sole purpose.lol straight out of tupac. why are you dying to live, if you’re just living to die.
also the cops says hes feeling depressed about his baby momma drama cuz she found out he banged her best friend. he is currently with a hotter chick too who gives him dome in public setting. so i dunno why hes so sad. sounds like a perfect life to me. lol cant believe hes a cop.
32*12=384
De minimis.