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A comment on How People Get Rich Now. Parent comment

Re:How People Get Rich Now by frongpik on Monday April 12, 2021 @01:15PM (#26782110)
Emma, no, the top 1% has at least 10M in liquid assets (primary residence doesn't count). 150k will never take you to that level.
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Re:How People Get Rich Now by whimsicalism on Monday April 12, 2021 @02:14PM (#26782974)
If you are a two-professional household it can.
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Re:How People Get Rich Now by frongpik on Wednesday April 14, 2021 @01:09PM (#26809958)
Even with a 1M income you can't catch up. Their 10M grow at 10% per year, which gives 1M in the first year alone, while you can put only 0.5M after taxes. In 20 years it will take 50M to be in the top 1%.
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