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Old 09-24-2021, 06:59 PM   #306
you&me
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Join Date: Nov 2017
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Quote:
Originally Posted by Azure View Post
This isn't true.

To become 1% rich, it might be true.

But most 'normal rich' people are self made, and come from not being rich.
1% rich isn't that rich. 1% rich can be pretty normal.

To join the ranks of the top 1% income in Canada, it's something like $250k per year.

1% net worth in Canada is under $10mm... Sure, that's a lot of money, but probably closely tied to real estate (not liquid) and doesn't leave the hookers and blow kind of inheritance to you kids like some here imagine.

From Succession:

Greg: I'm good, anyway, cuz, uh, my, so, I was just talkin' to my mom, and she said, apparently, he'll leave me five million anyway, so I'm golden, baby.
Connor: You can't do anything with five, Greg. Five's a nightmare.
Greg: Is it?
Connor: Oh, yeah. Can't retire. Not worth it to work. Oh, yes, five will drive you un poco loco, my fine feathered friend.
Tom: The poorest rich person in America. The world's tallest dwarf.
Connor: The weakest strong man at the circus.
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