Reply to Net worth over $20 million

Forum Index » Money and Finances

Reply to "Net worth over $20 million"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It maybe feels low to you because I am sure the distribution is very clustered.

I bet 90% of those people live in only like 10 metro markets in the US.

[/quote]

Statewise, it would be Florida, New York and California.[/quote]

Correct...but in the DC area you have an outsized concentration of law partners as an example who can hit that level after just like 7-8 years of partner earnings.

However, outside of DC and NYC and like SF/LA, the BigLaw market is actually much smaller.

DC is also the #5 metro area for F500 HQs.  You have Capital One, Hilton, Marriott, Choice, Boeing, etc.  20 HQs in total.[/quote]

Bullshit.  Hitting that number in “7-8” years as a law partner requires earning $3 million a year, spending none of it and paying no taxes.  [/quote]

Dude...you are a bit unhinged...you do realize you don't go from $0 to $3MM per year right?  You are earning many hundreds of thousands and maybe over a $1MM for years even before making equity partner, and investing a bunch of that.[/quote]

That isn’t right.  Say you make equity partner in 10 years.  You are making $500,000 or less the first five. And probably less than a million for all of it.  Most have law school debt and even if they don’t, are saving for a down payment and paying for day care and schools[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics