2 ms·
True. That's what I was implying. It's "easy" to attain that level of net-worth. Easy as in--if you are so lucky enough as bad things do not happen to you and r
by dismantlethesun 10y ago
True. That's what I was implying. It's "easy" to attain that level of net-worth. Easy as in--if you are so lucky enough as bad things do not happen to you and run out your savings, it will compound over decades to become a substantial amount.
Then if you do single-inheritance, then your child stands to start emerge into their 30s or 40s, starting off with the same net-worth you have now in your 70s and 80s.
It's enough to push them above the middle class boundary, but they will still feel middle class because they grew up with middle class parents and had to work for most their lives.
Most people don't realise that if you own 2+ houses, you literally do not need to work; you could manage the properties indirectly and still earn enough income to survive as a small family.