1M is chump change nowadays. I’ve met janitors and factory workers worth more. They don’t spend like stupid liberal yuppies living in urban America.
TechLead - Midlife Crisis
- Thread starter Nobert
- Start date
You didn't answer my question.
Those people ended with those net worths after 50 years of living frugally and building equity in their homes. They had the fortune to live through one of the most egalitarian and prosperous times in human civilization where a janitor earned a "living wage." Today is a bit different.
Negative, I know many who have done it in less than 20 years through rental investments and maxed out retirement accounts. To answer your question though, maybe this young Chinaman did the same.
L
Today a janitor or low end non-union factory worker today earns about 25k-40k (11 dollars an hour in a red state and 14 an hour in a blue state). No one is buying rental properties at that comp level. They can barely make rent themselves.
Today a google engineer earns 1mm over a few years. Back to my question: how is this possible unless those companies are offering 100percent compensation bonuses through stock?
Your overthinking this. I answered your question. Did your parents have any kids that lived?
You made up an answer. Please tell me you are just being a smart ass and you don’t do logical reasoning this way.
He implies he earned it in that line of work.
This is getting comical. You asked how it’s made, I answered. Forget logical. Are you simple or what?
Your answer was stupid.
Mostly in stock options.
Nobody knows. We're both assuming you dumb shit.