10% population in SD county are millionaires (exclude Primary RE)?!

[golfproz]

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.

[Arraya]

Wow… Unbelievable, do you mean to say rich people like to live in beautiful beach communities. Who would have thought? What are they going to survey next? That a large number of poor people live in rural Mississippi. Big shocker…

[Arraya]

Wow… Unbelievable, do you mean to say rich people like to live in beautiful beach communities. Who would have thought? What are they going to survey next? That a large number of poor people live in rural Mississippi. Big shocker…

[Arraya]

Wow… Unbelievable, do you mean to say rich people like to live in beautiful beach communities. Who would have thought? What are they going to survey next? That a large number of poor people live in rural Mississippi. Big shocker…

[masayako]

It doesn’t surprise me at all.

I have 2 friends who are millionaires. First one was a realtor, the other was a HW contractor turned small HW business owner.

I hope to join the club soon.

[masayako]

It doesn’t surprise me at all.

I have 2 friends who are millionaires. First one was a realtor, the other was a HW contractor turned small HW business owner.

I hope to join the club soon.

[masayako]

It doesn’t surprise me at all.

I have 2 friends who are millionaires. First one was a realtor, the other was a HW contractor turned small HW business owner.

I hope to join the club soon.

[patientrenter]

“That means every 1 in 10 family you meet is millionaire.

We are a fxxking rich county.”

Very funny, pepsi. I am a “millionaire”. By my standards, I can afford to spend $190 per week, after rent and utilities and car insurance etc. That’s food and drink for a week, mostly at home, plus one cheap date or a new shirt. It ain’t what it used to be.

Consider the price of a home in coastal Southern California now versus 1970. Use that to figure out what a million dollars back then means today. We’re talking maybe $50-100 million.

Patient renter in OC

[patientrenter]

“That means every 1 in 10 family you meet is millionaire.

We are a fxxking rich county.”

Very funny, pepsi. I am a “millionaire”. By my standards, I can afford to spend $190 per week, after rent and utilities and car insurance etc. That’s food and drink for a week, mostly at home, plus one cheap date or a new shirt. It ain’t what it used to be.

Consider the price of a home in coastal Southern California now versus 1970. Use that to figure out what a million dollars back then means today. We’re talking maybe $50-100 million.

Patient renter in OC

[patientrenter]

“That means every 1 in 10 family you meet is millionaire.

We are a fxxking rich county.”

Very funny, pepsi. I am a “millionaire”. By my standards, I can afford to spend $190 per week, after rent and utilities and car insurance etc. That’s food and drink for a week, mostly at home, plus one cheap date or a new shirt. It ain’t what it used to be.

Consider the price of a home in coastal Southern California now versus 1970. Use that to figure out what a million dollars back then means today. We’re talking maybe $50-100 million.

Patient renter in OC

[stansd]

Obviously, age is an important component to this as well. If you are 65 and a millionaire, so what, that means you have about 40K in your first year of retirement to spend plus your social security check. Looking at some quick statistics, it looked like around 25% of SD’s population is over 50. Exclude them from the dataset, and you probably don’t have a ton of people with a boatload of money to spend today.

If you are 25 and have a million bucks in the bank, good on ya!

Stan

[stansd]

Obviously, age is an important component to this as well. If you are 65 and a millionaire, so what, that means you have about 40K in your first year of retirement to spend plus your social security check. Looking at some quick statistics, it looked like around 25% of SD’s population is over 50. Exclude them from the dataset, and you probably don’t have a ton of people with a boatload of money to spend today.

If you are 25 and have a million bucks in the bank, good on ya!

Stan

[stansd]

Obviously, age is an important component to this as well. If you are 65 and a millionaire, so what, that means you have about 40K in your first year of retirement to spend plus your social security check. Looking at some quick statistics, it looked like around 25% of SD’s population is over 50. Exclude them from the dataset, and you probably don’t have a ton of people with a boatload of money to spend today.

If you are 25 and have a million bucks in the bank, good on ya!

Stan

[one_muggle]

When I run a simple case on the numbers for money needed to retire, I am not surprised.
Plugging in a generous but reasonable current income of $200k, for a 35 year old, retiring at 62 on 65% current income, I get a required nest egg of more than $4M.
It’s not surprising that 1 in 10 people in one of the richest county’s, in the richest state, in one of the richest countries are millionaires–all denominated in dollars, I might add. Now a million Euros, that’s real money! ;^)

-one muggle

[one_muggle]

When I run a simple case on the numbers for money needed to retire, I am not surprised.
Plugging in a generous but reasonable current income of $200k, for a 35 year old, retiring at 62 on 65% current income, I get a required nest egg of more than $4M.
It’s not surprising that 1 in 10 people in one of the richest county’s, in the richest state, in one of the richest countries are millionaires–all denominated in dollars, I might add. Now a million Euros, that’s real money! ;^)

-one muggle

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