And if you invest $1,000,000 in tax free bonds today -- UTPr0sim 11/15/2017 10:31PMInsert a Link
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And if you invest $1,000,000 in tax free bonds today -- UTPr0sim 11/15/2017 10:31PM Depends on how you are considered, net worth, assetts? I was -- hokieman842 11/15/2017 1:55PM Would say it's considered "total assets" -- EDGEMAN 11/15/2017 6:00PM Really hope that it's net assets - otherwise I can borrow $1M and be one ** -- RTFC 11/15/2017 10:00PM Yea but you got to pay it back. My bank told me they would lend me 600k -- hokieman842 11/16/2017 08:29AM Net assets would include the value of your farm -- RTFC 11/16/2017 10:55AM True, bad thing is that the actual value goes up and down, but the -- hokieman842 11/16/2017 10:59AM
11/15/2017 1:21PM In Texas, you'd get 1 chip -- TomTurkey 11/15/2017 3:25PM You get very close at the 10 percent level in wealth distribution -- lchoro 11/15/2017 12:56PM Speaking of millionaires.. -- daisyWV 11/15/2017 12:48PM If I ever donate 1 million to the Hokie Scholarship Fund... -- banishedtothelounge 11/15/2017 1:32PM What would you do the 2nd time you donated 1mil?* ** -- daisyWV 11/15/2017 1:37PM Depends on if we beat Pitt and uva lol ** -- HokieHutch 11/15/2017 1:40PM Click -- 48zip 11/15/2017 1:14PM Should be based on assets not property... if you include property... -- banishedtothelounge 11/15/2017 12:35PM Other key is 401k. I know many who are 401k millionaires -- HokieHutch 11/15/2017 12:53PM Correction -- won't touch 401k for years (not can't). -- HWA 11/15/2017 2:04PM Those ppl are dumb/fiscally irresponsible -- Thankful Hokie 11/16/2017 08:14AM Or, we drop dead @ 59 1/4... :( -- banishedtothelounge 11/15/2017 1:28PM The net value of the property (value less loan balance) is an asset ** -- fordham 11/15/2017 12:43PM Yey! well count me 'close'... but it's a fah-cade... -- banishedtothelounge 11/15/2017 12:48PM Keep in mind in future years when the gov. runs into -- fordham 11/15/2017 12:53PM I believe it -- HokieHutch 11/15/2017 12:27PM I initially read that as 20% was going to call BS, but 5% reasonable -- turkeywinghokie 11/15/2017 12:24PM Today's billionaire is equivalent to yesteryear's millionaire.... -- BusLoadaBozos 11/15/2017 12:17PM Just decades of dollar-cost averaging. ** -- Gadfly 11/15/2017 12:20PM Totally believe this.... -- daisyWV 11/15/2017 12:09PM Wonder if that’s net? -- VT Pops 11/15/2017 12:01PM The term millonaire is normally referenced to net worth. -- Hokie in CT 11/15/2017 12:09PM I expect the majority of millionaires would have trouble -- Tafkam Hokie 11/15/2017 6:44PM I think your $5K statement is reaching a little. You can only invest so -- CochraneResident 11/16/2017 03:33AM The point of this thread is that the majority of most "millionaires" assets -- Tafkam Hokie 11/16/2017 1:19PM Agree -- VT Pops 11/15/2017 12:27PM Is this based on individual or houshold net worth? -- Hokie in CT 11/15/2017 12:00PM I think it's either or.... -- daisyWV 11/15/2017 12:10PM Parents paid $170k for house, in 1978; now worth $800k -- HWA 11/15/2017 11:30AM Exactly, that would be a perfect example of 1/20... -- `lag 11/15/2017 12:59PM Net worth would include real estate, collectibles, valuables, -- daisyWV 11/15/2017 12:12PM My grandparents house was bought in San Jose in the 50sa -- HokieSignGuy 11/15/2017 12:09PM True - I bet average age of those millionaires is easily 55. ** -- vt90 11/15/2017 12:00PM Absolutely our population is aging ** -- daisyWV 11/15/2017 12:13PM So, what happens in 20-30 years when all them pass away? -- HokieSignGuy 11/15/2017 12:10PM I am leaving mine to my new 20 yo wife! ** -- banishedtothelounge 11/15/2017 3:06PM Sooo..she was just born?...or you plan on dying with a 50-something wife? ** -- RTFC 11/16/2017 11:08AM Born 2025, I think... ** -- banishedtothelounge 11/16/2017 11:28AM Medical payments will get a bunch of that money before Medicare money -- Late 80s Hokie 11/15/2017 2:40PM True... I remember hearing those stories.... a bit sad. ** -- HokieSignGuy 11/15/2017 2:42PM If they are smart they have already decided how to -- daisyWV 11/15/2017 12:14PM I get that. I guess I wasn't clear... I was thinking about the bigger -- HokieSignGuy 11/15/2017 12:24PM Are property values going to hold up? How are the older folks going to -- fordham 11/15/2017 12:50PM I don't think property values hold up. Speaking with a friend in mortgage -- HokieHutch 11/15/2017 5:45PM Well, the bigger picture is... the $ is divided among the heir(s) -- daisyWV 11/15/2017 12:34PM The problem you have is there are less and less workers to support -- fordham 11/15/2017 12:44PM The older folks with over a million can support themselves for awhile -- daisyWV 11/15/2017 12:53PM Keep in mind alot that worth is in real estate, and unless you -- fordham 11/15/2017 2:53PM And those people make up the majority. ** -- HokieSignGuy 11/15/2017 1:05PM Hey, we said they were rich, not smart. ** -- Stork 11/15/2017 12:18PM It is amazing how many people don't plan for tomorrow ** -- daisyWV 11/15/2017 12:20PM Probably higher -- Hokie in CT 11/15/2017 12:03PM When my parents bought their first home... -- daisyWV 11/15/2017 12:16PMTech Sideline is Presented By:
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