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  • October 30, 2007 at 2:24 PM #93276
    Ex-SD
    Participant

    I remember reading several articles in the UT over the last couple of years that said, less than 5% of the population of SD could qualify for a median priced home. If the number of millionaire households is correct, then the other 90% of households are a long way from ever reaching millionaire status.

    October 30, 2007 at 2:28 PM #93237
    Wrangler
    Participant

    I believe this statistics. In my group (about 12 people), I believe there are 2 millionaires. I am very sure my boss is.

    October 30, 2007 at 2:28 PM #93271
    Wrangler
    Participant

    I believe this statistics. In my group (about 12 people), I believe there are 2 millionaires. I am very sure my boss is.

    October 30, 2007 at 2:28 PM #93282
    Wrangler
    Participant

    I believe this statistics. In my group (about 12 people), I believe there are 2 millionaires. I am very sure my boss is.

    October 30, 2007 at 2:29 PM #93240
    raptorduck
    Participant

    Consider the common thread among financial planners that 95% of income earning Americans have a negative net worth. That’s right, 95% of Americans are more than a million dollars short of being . . . millionairs.

    And I think that does include home equity, but I am not sure about that one.

    Remember, there are people who make $1 million per year and still have a negative net worth.

    October 30, 2007 at 2:29 PM #93274
    raptorduck
    Participant

    Consider the common thread among financial planners that 95% of income earning Americans have a negative net worth. That’s right, 95% of Americans are more than a million dollars short of being . . . millionairs.

    And I think that does include home equity, but I am not sure about that one.

    Remember, there are people who make $1 million per year and still have a negative net worth.

    October 30, 2007 at 2:29 PM #93285
    raptorduck
    Participant

    Consider the common thread among financial planners that 95% of income earning Americans have a negative net worth. That’s right, 95% of Americans are more than a million dollars short of being . . . millionairs.

    And I think that does include home equity, but I am not sure about that one.

    Remember, there are people who make $1 million per year and still have a negative net worth.

    October 30, 2007 at 3:35 PM #93252
    Borat
    Participant

    It is also funny how the word millionaire is still tossed around as if it means a person is like Jed Clampett living in his Beverly Hills mansion. $1M from the time of the Beverly Hillbillies (1967?) would be worth $5M today. And $1M in today’s money would be around $200K back then. So a million american pesos ain’t what it used to be. Soon we’ll all be millionaires!

    October 30, 2007 at 3:35 PM #93286
    Borat
    Participant

    It is also funny how the word millionaire is still tossed around as if it means a person is like Jed Clampett living in his Beverly Hills mansion. $1M from the time of the Beverly Hillbillies (1967?) would be worth $5M today. And $1M in today’s money would be around $200K back then. So a million american pesos ain’t what it used to be. Soon we’ll all be millionaires!

    October 30, 2007 at 3:35 PM #93297
    Borat
    Participant

    It is also funny how the word millionaire is still tossed around as if it means a person is like Jed Clampett living in his Beverly Hills mansion. $1M from the time of the Beverly Hillbillies (1967?) would be worth $5M today. And $1M in today’s money would be around $200K back then. So a million american pesos ain’t what it used to be. Soon we’ll all be millionaires!

    October 30, 2007 at 5:27 PM #93325
    SD Realtor
    Participant

    This does not surprise me either. The bottom line is that there are alot of people with alot of money down here. It doesn’t matter if a million now is less then a million ten years ago. There are alot of wealthy people and I don’t believe they will be going anywhere.

    SD Realtor

    October 30, 2007 at 5:27 PM #93359
    SD Realtor
    Participant

    This does not surprise me either. The bottom line is that there are alot of people with alot of money down here. It doesn’t matter if a million now is less then a million ten years ago. There are alot of wealthy people and I don’t believe they will be going anywhere.

    SD Realtor

    October 30, 2007 at 5:27 PM #93369
    SD Realtor
    Participant

    This does not surprise me either. The bottom line is that there are alot of people with alot of money down here. It doesn’t matter if a million now is less then a million ten years ago. There are alot of wealthy people and I don’t believe they will be going anywhere.

    SD Realtor

    October 30, 2007 at 5:50 PM #93338
    golfproz
    Participant

    You can’t believe anything a “survey” says. They can spin the numbers to make them say anything. Similar to this old joke.

    “A DAY OFF”

    So you want a day off, let’s take a look at
    what you are asking for.

    There are 365 days per year available
    for work. There are 52 weeks per year in
    which you already have two days off per
    week, leaving 261 day availiable for work.
    Since you spend 16 hours each day away
    from work, you have used up 170 days,
    leaving only 91 days available. You spend 30
    minutes each day on coffee break that
    accounts for 23 days each year, leaving only
    68 days available. with a one hour lunch
    period each day, you have used up another
    46 days, leaving only 22 days available for
    work. You normally spend 2 days per year
    on sick leave. This leaves you only 20 days
    available for work. We are off for 5 holidays
    per year, so your available working time is
    down to 15 days. We generously give you 14
    days vacation per year which leaves only 1
    day available for work, and I’ll be damned if
    you’re going to take that day off!!!

    I’m a millionaire, I have a $1,000,000 bill pinned to my cubicle wall. I just need to find a store that can make change.

    October 30, 2007 at 5:50 PM #93371
    golfproz
    Participant

    You can’t believe anything a “survey” says. They can spin the numbers to make them say anything. Similar to this old joke.

    “A DAY OFF”

    So you want a day off, let’s take a look at
    what you are asking for.

    There are 365 days per year available
    for work. There are 52 weeks per year in
    which you already have two days off per
    week, leaving 261 day availiable for work.
    Since you spend 16 hours each day away
    from work, you have used up 170 days,
    leaving only 91 days available. You spend 30
    minutes each day on coffee break that
    accounts for 23 days each year, leaving only
    68 days available. with a one hour lunch
    period each day, you have used up another
    46 days, leaving only 22 days available for
    work. You normally spend 2 days per year
    on sick leave. This leaves you only 20 days
    available for work. We are off for 5 holidays
    per year, so your available working time is
    down to 15 days. We generously give you 14
    days vacation per year which leaves only 1
    day available for work, and I’ll be damned if
    you’re going to take that day off!!!

    I’m a millionaire, I have a $1,000,000 bill pinned to my cubicle wall. I just need to find a store that can make change.

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