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[quote=Anonymous][quote=Anonymous]OP, the secret around here is that many people have incomes they are not telling you about. Inheritance, properties they own, help from parents, real estate run ups. It is emphatically not polite to talk about it, so very few do. Years later, after the fact, you find out the granny left them a little help. Also some people are in debt to their eyeballs. The best you can do is to mind your own financial house as best you can.[/quote] This. Another umbrella alot of wealth scheme falls under is rate of return. Money borrowed at low rates to buy apprecheating assets that is steadily paid off (usually just the principal). 1. High return assets 2. Low borrowing cost 3. Steady payment of just prinicpal Real estate and stocks fall under this. 90's was tech stock then real estate bubble. You can still do this with real estate in some parts of the country. Alot of the really wealthy were born wealthy or got lucky when 1-3 hit them in the right time. All others are just posers on debt, if they can manage that debt for ever then they really are rich. [/quote]
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