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(Assuming US differs and jobs here) A six figure income is way below 99%. It's below 90% for most six figure earners in the US. You need seven figures to get to
by jwatte 10y ago
(Assuming US differs and jobs here)
A six figure income is way below 99%. It's below 90% for most six figure earners in the US. You need seven figures to get to the top 1%.
I know smart people who worked very hard in high school and university who aren't even in the 90%.
In fact, you are very unlikely to get into the 1% based on things you learn in college. You mostly have to be in finance or run a successful business to get there, or be quite lucky.
- Godel_unicode 10y agoThe top 1% in the US is around $500k/year, but that's not actually what you care about for measuring wealth. Many members of the top 1% are only there for 1 year, and of those who make it multiple years, even fewer manage 10+. The number you should care about is net-worth. High net worth from a lifetime of careful financial decisions is much more indicative of success than being in the 1% for a year or two. It requires hard work, planning, and life-long frugality. This is in line with OPs assertion that working hard and planning for the future is uncommon and will get you far. http://money.cnn.com/2016/01/07/news/economy/top-1/index.html http://money.cnn.com/2016/01/07/news/economy/top-1/index.htm...