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Reply to "At what net worth are you considered wealthy ?"
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[quote=Anonymous]Well Steve Jobs net worth went up way more after he died than was alive. His wife lives in the most expensive home in California currently. So investing can start at anytime. My 22 year old staff member I had years ago was pretty rich. His great grandfather at height of Great Depression and Stock market sell off bought JP Morgan Stock as he thought it was impossible to fail and at time he was already old. He gave instructions to his kids to never sell and upon his kids death split it up among grandkids the stock certificates and tell them to not to sell. This was way back and my staff had the certificate in his vault and got huge dividend checks each quarter. For fun I remember he inherited it in 1985 and stock is up (1,907.37%) since 1985 and he has collected 160 dividend checks since then (well not checks anymore) but you get it. His great grandfather invested as an old man. He is dead but his investment lives on. [/quote]
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