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View Poll Results: percent of high income earners from disadvantaged backgrounds
0% - 24% 10 55.56%
25% - 49% 4 22.22%
50% - 74% 1 5.56%
75% - 100% 3 16.67%
Voters: 18. You may not vote on this poll

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Old 01-30-2013, 01:49 AM   #31
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I have researched all sorts of data. what we're looking for is a specific correlation. I have failed to find a pattern. yep, it makes no difference. either that or my Give-a-damner is busted again. bwahahahahhahaa!!!
...and the first drinker of the night has arrived.

Welcome to the discussion Billy!
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Old 01-30-2013, 01:51 AM   #32
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Before this gets kicked to the premium side, I'll say it's not impossible to climb from nothing to being a high income earner. Lots of people do it. That said, it's much easier to come from money to get rich. Mitt Romney for example made his own wealth, but he was able to go to the best schools and have high connections cause his father had money.

That said if you eliminate the athletes and musicians from the nothing to rich list, it's probably not a big list of people who went from nothing to rich.
You said that lots of people do it and then you said that the list of folks is small. What percent do you speculate?
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Old 01-30-2013, 01:51 AM   #33
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some people make it, some don't. IMO, I really don't care either way. my main concern is being a smart-mouth. I'm good at it.

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Old 01-30-2013, 01:53 AM   #34
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some people make it, some don't. IMO, I really don't care either way. my main concern is being a smart-mouth. I'm good at it.
Deep.
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Old 01-30-2013, 01:55 AM   #35
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You said that lots of people do it and then you said that the list of folks is small. What percent do you speculate?
Well, there's a few things, first while 250K income puts you at one of 1.7 million. Of those guys, I'd guess that maybe 20% come from nothing. Maybe. It's really hard to speculate.

Also there's more than income to make money and this is only reported and it's household.
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Old 01-30-2013, 01:59 AM   #36
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I don't ever plan on being "rich" like those $250k/year cats, but my wife and I are 2 years into a 15 year mortgage to save money.
I'm not a particularly smart guy, but I think whether you are "saving money" with a 15 year mortgage depends entirely on what you would otherwise do with that cash flow. i.e. if you had taken the extra money and invested it in something which earns more than the APR on your mortgage, you are actually losing money by paying off the mortgage early.

But, that is probably a topic for some other thread.
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Old 01-30-2013, 02:00 AM   #37
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Well, there's a few things, first while 250K income puts you at one of 1.7 million. Of those guys, I'd guess that maybe 20% come from nothing. Maybe. It's really hard to speculate.

Also there's more than income to make money and this is only reported and it's household.
One in 1.7 million? Where did you come up with that number?
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Old 01-30-2013, 02:02 AM   #38
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OrdinaryAvgGuy, it would be a great change of pace if you posted on brewing for a change, instead of nonsensical semi-political threads that seem to me to be about trolling. Do me a favor and don't start anymore of these.

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