5 ms·
You said 90%. The 90th percentile income in the US is $125,105 / year for an individual[1]. The kinds of things he's talking about include "open an investment a
by imgabe 5y ago
You said 90%. The 90th percentile income in the US is $125,105 / year for an individual[1]. The kinds of things he's talking about include "open an investment account and invest money", say in an index fund. Are you telling me that every single person making under $125k in the US has no access to open an account at Vanguard and buy index funds? I know from personal experience that that is not true.
[1] https://dqydj.com/income-percentile-calculator/ https://dqydj.com/income-percentile-calculator/
- jiofih 5y agoAs I said above, investing in an index fund will certainly help you retire earlier or more comfortably, but will hardly build wealth in the way Sahil talks about in the post.