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 FI/RE - Financial Independence / Retire Early

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SUStikaram
post Oct 27 2021, 08:18 AM

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QUOTE(icemanfx @ Oct 22 2021, 03:55 PM)
Very few people outside private bank have experience in managing wealth, more likely to meet conman.
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you mean before this my father / gandfather/ and beofore that 1970 they all meet conman? So your few people is wrong.

human are generally wise and they learnt. Majority

those meet conman are few people. minority.


SUStikaram
post Oct 27 2021, 08:43 AM

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QUOTE(icemanfx @ Oct 27 2021, 09:39 AM)
For reasons, only about 4% of adults in this country have over USD 100k net worth.
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that bcs it is excluding the Net worth of their primary residents. which you very much promoted not to buy. But most 70% people buy from investment/live in/ financing it/ store thier wealth

https://www.google.com/search?q=net+worth+e...chrome&ie=UTF-8

Investors with a net worth, excluding their primary residence, of at least $1 million—either alone or together with their spouse—are "accredited investors" in the eyes of the Securities and Exchange Commission (SEC), and, therefore, permitted to invest in unregistered securities offerings.11 Feb 2021

This post has been edited by tikaram: Oct 27 2021, 08:45 AM
SUStikaram
post Oct 27 2021, 08:52 AM

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QUOTE(icemanfx @ Oct 27 2021, 09:50 AM)
In reality, if one's net worth is less than USD 100k, how much zis residence could worth?
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zis residence if freehold and it is generation until cucu cicit cicict cicit , worth more than you imaging.



 

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