This is also how owning a literal shack in SF for 40 years works
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This is basically the housing crisis.
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also person earning less that $100k is most likely in two income households thus able to save ton & invest in stock!.
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We don’t want to hear the opinions of a billionaire on millionaires - what do you know of their struggles even?
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in other words, 33% of millionaires started businesses
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Honestly if you make more than 60k it is not hard to be a millionaire by the time you retire. Net worth >1mil is not even that hard in today's world.
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Unironically, this is why more people should read Rich Dad Poor Dad. Assets produce and appreciate.
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Ummm, $100k/yr is a lot of money. Anyone saying it isn't lives in a bubble.
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also see: public pensions
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Plus a 30 yr mortgage
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