Top one percent
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Anonymous
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You need at least $5.8 million.
I’m there. Are you? https://www.businessinsider.com/top-1-percent-wealth-richest-countries-united-states-monaco-luxembourg-2024-2?amp |
Anonymous
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Not even close, I'm one of the DCUM poors.
There are dozens of us! Dozens! |
Anonymous
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DCUM: always giving me something to strive for.
Just curious, how do you calculate your net worth? |
Anonymous
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Interesting..
I always believed the Fed Reserve numbers. The real 1% might be twice what you think it is or half... that's a big difference. https://www.financialsamurai.com/obtaining-a-top-1-net-worth-easier-than-ever/#:~:text=According%20to%20the%20October%202023,wouldn%27t%20provide%20false%20information. |
Anonymous
Really?!?! Assets minus liabilities. Step one of financial health. |
Anonymous
| Is this before tax or after tax, for people who have money in 401ks? |
Anonymous
There’s only one way to do that. Assets minus liabilities. |
Anonymous
It's net worth, not income. |
Anonymous
Just stop it already. No, you don’t take taxes into accounts. For one thing, you don’t even know what your future taxes will be. For another, you can manipulate them. |
Anonymous
Seems that you have a comprehension issue. Those numbers are “mean net worth “ among top 1%, top 1%…, not the thresholds to qualify. |
Anonymous
Simple: all assets minus liabilities. |
Anonymous
Except you always get jealous people who insist that you have to count your 401k only AFTER taxes, which is silly. |
Anonymous
Once it's in your 401k it's no longer income--it's part of your net worth. |
Anonymous
| I’m a poor. Only 1.2 million NW. |
Anonymous
On more thing. If you leave a 401k in your estate, the IRS will value it at the nominal amount, not less taxes. |