Pages

2/24/11

Will you ever get rich?

It used to be an easy question to answer if you were headed to Wall Street.

Not so much today...

Yet another look at America's growing wealth gap doesn't instill confidence.

In fact, if you stop to actually read the article you may wind up looking in the mirror and asking yourself some difficult questions with regards to your goals, aspirations and ambitions.

Proceed... with caution.

Very disturbingly the poorest 90 % of Americans make an average of $31,244 a year. While the richest 1% make a hardly inspiring $1.1 million plus.

Two Very Disturbing Extrapolations

1) $31,244 is a very humble amount of money. It is a very humble amount of money if you are a single person in their 20's living in a studio apartment in a not-so-terrific urban neighborhood. Taking into account this must read Zero Hedge article, (assist to VTech Forever on that one) we can safely say that the majority of today's middle class...really is poor. For an average of ~$30K to apply to 90% of the population (i.e. ~270,000,000 people) there has to be an anchor of dead weight pulling down the honest hardworking sub-six figure crowd subsidizing them.

But who cares...we are the elite,right?

Let us examine...

2) $1.1 million dollars is a nice chunk of change. Let's be clear. A mil definitely does not buy you what it once did. But it's still a nice number...

However...

If the top %1 of Americans (i.e. 3,000,000) make a mil...how discrepant is that figure, really?

Considering how many F50-1000 bosses make a lot more, considering the billionaires and media megastars involved...how many people are actually making that much?

Isn't it highly likely that the "typical Wall Street stiff making $400K/year" is the caboose pulling down this party wagon?

Isn't it actually becoming a reality that in the top 1%, the monkeys and the chimps are the anchor babies making the disgusting discrepancy seem more paletteable in this sort of analysis?

Tell me, monkeys...

What do these figures tell you?

Then think about it and answer honestly...

Will you ever really be rich or will you be paying someone else's free lunch so the real %1 do not have to?

Comments (353)

In reply to IlliniProgrammer
2/25/11

To unlock this content for free, please login / register below.

Connecting helps us build a vibrant community. We'll never share your info without your permission. Sign up with email or if you are already a member, login here Bonus: Also get 6 free financial modeling lessons for free ($200+ value) when you register!

Get busy living

In reply to monkeysama
2/25/11

Get busy living

In reply to IlliniProgrammer
2/25/11
In reply to UFOinsider
2/25/11
In reply to UFOinsider
2/25/11
2/25/11
2/25/11
In reply to IlliniProgrammer
2/25/11
In reply to IlliniProgrammer
2/25/11
In reply to TNA
2/25/11
In reply to TNA
2/25/11
In reply to econ
2/25/11
In reply to monkeysama
2/25/11
2/25/11
In reply to econ
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
2/25/11
In reply to econ
2/25/11
In reply to econ
2/25/11

Get busy living

2/25/11
In reply to econ
2/25/11
In reply to UFOinsider
2/25/11
In reply to monkeysama
2/25/11
In reply to UFOinsider
2/25/11
In reply to monkeysama
2/25/11
In reply to econ
2/25/11
In reply to monkeysama
2/25/11
In reply to econ
2/25/11
In reply to monkeysama
2/25/11
In reply to econ
2/25/11
In reply to econ
2/25/11

Get busy living

In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
In reply to econ
2/25/11
In reply to rebelcross
2/25/11
In reply to rebelcross
2/25/11
In reply to txjustin
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
In reply to rebelcross
2/25/11
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

2/25/11
2/25/11
In reply to freroht
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11
In reply to monkeysama
2/25/11

Get busy living

In reply to monkeysama
2/25/11
2/25/11
In reply to UFOinsider
2/25/11
2/25/11
In reply to monkeysama
2/25/11

Get busy living

2/25/11
In reply to txjustin
2/25/11
In reply to rebelcross
2/25/11
In reply to monkeysama
2/25/11
In reply to econ
2/25/11
In reply to IlliniProgrammer
2/25/11
2/25/11
2/25/11
In reply to txjustin
2/25/11
In reply to rebelcross
2/25/11

Get busy living

In reply to monkeysama
2/25/11
In reply to econ
2/25/11

Get busy living

In reply to UFOinsider
2/25/11
In reply to econ
2/25/11
In reply to monkeysama
2/25/11

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee

WSO is not your personal search function.

In reply to GoodBread
2/26/11
In reply to econ
2/26/11
In reply to prinmemo
2/26/11
In reply to prinmemo
2/26/11
In reply to econ
2/26/11
2/26/11
2/26/11
In reply to txjustin
2/26/11
In reply to txjustin
2/26/11
2/26/11
In reply to txjustin
2/26/11
2/26/11
2/26/11
In reply to monkeysama
2/26/11
In reply to prinmemo
2/26/11
In reply to econ
2/26/11
In reply to econ
2/26/11
In reply to monkeysama
2/26/11
In reply to prinmemo
2/26/11
In reply to monkeysama
2/26/11
In reply to econ
2/26/11
In reply to econ
2/26/11
2/26/11
In reply to TNA
2/26/11
In reply to monkeysama
2/26/11
2/26/11
In reply to rebelcross
2/26/11
2/26/11
In reply to monkeysama
2/26/11
2/26/11
2/26/11
In reply to TNA
2/26/11
In reply to TNA
2/26/11
2/26/11
In reply to rebelcross
2/27/11
In reply to TNA
2/27/11
In reply to rebelcross
2/27/11
2/27/11
In reply to monkeysama
2/27/11
In reply to TNA
2/27/11
In reply to monkeysama
2/27/11
In reply to rebelcross
2/27/11
2/27/11
In reply to monkeysama
2/27/11
In reply to rebelcross
2/27/11
2/27/11
In reply to monkeysama
2/27/11
2/27/11
In reply to TNA
2/27/11
In reply to rebelcross
2/27/11
In reply to TNA
2/27/11
2/27/11
In reply to TNA
2/27/11
In reply to monkeysama
2/27/11
In reply to rebelcross
2/27/11
2/27/11
2/27/11
In reply to monkeysama
2/27/11
In reply to TNA
2/27/11
In reply to TNA
2/27/11
2/27/11
In reply to rebelcross
2/27/11
In reply to monkeysama
2/27/11
In reply to TNA
2/27/11
2/27/11
2/27/11
In reply to rebelcross
2/27/11
In reply to TNA
2/27/11
In reply to monkeysama
2/27/11
2/27/11
In reply to TNA
2/27/11
In reply to rebelcross
2/27/11
2/27/11
2/27/11
In reply to TNA
2/27/11
2/27/11
In reply to rebelcross
2/27/11

Pages

WallStreet Prep Master Financial Modeling