Net Worth and Income of the Top 20%, 10%, 5% u0026 1% In America

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Title	:	Net Worth and Income of the Top 20%, 10%, 5% u0026 1% In America
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11 mil net worth isn’t going to get you maid, cook and jet Taxes take a chunk each year General expenses take a chunk The cash flow just doesnt work You need strong cash flow outside higher than your model to justify that standard of living Overall, a good video
Comment from : Brett Lamont

Hi
Comment from : Faiz Rasool

I'm pretty much in the median $71k base salary with around $128k net worth If we include my wife, our combined pre tax is around $91k We have a $102k mortgage, and every little consumer debt We drive good used reliable vehicles that we already paid off Thanks for the video
Comment from : RC & Fishtanks

How do I feel? I feel a little depressed Lol
Comment from : Chase Lesser

In case it helps someone: I made it to the top 20 even though I had a modest income (peaking about $75K) and raised three boys completely by myself A key for me was staying out of debt and getting my house paid off My peers were paying $1500 or more per month to banks for mortgage loans, car loans, credit card interest, with the latter being the craziest What a difference it made for me when everything was paid off and, instead of living sort of month to month, I had all this extra money at my disposal The modest good moves I made in stocks outweighed the dumb ones I put money in a mutual fund, too And I was amazed at how the money grew I guess another factor is that I’m not heavily into material things I live in a nice house that’s less than I can afford Why should I have a bigger house than I need? I drive decent, safe cars, that I paid for in cash I spend money on travel, and hobbies (such as photography) Once my final kid is done with college in a year, my net income will be about $5-6k a month from SS and a pension, with quite a bit invested, and literally no debt It’s more money than I need but, again, $60k cars, designer clothes, show off houses—that stuff doesn’t mean anything to me Having fun and staying healthy are the priorities
Comment from : Mr MojoRisen87

Newsflash: $11M isn't ultrawealthy Not in high cost areas like California/NY Betcha half the people on my street have higher networth Most are lawyers/doctors/businesspeople driving 5 yr old mid-range luxury cars (Mercedes/BMW etc) - no Rolls/Ferraris Nobody feels ultrawealthy, of that I can assure you Maybe if you get to $100M, you might begin to feel ultrawealthy
Comment from : ArthurDentZaphodBeeb

No wonder we have so much homelessness Rich getting infinitely richer will destroy the society
Comment from : James 77

You have to do these numbers individually not by household
Comment from : Matthew Rowley

The only debt I have is a $188k mortgage at less than 3 House is worth $400k No credit card debt, car debt, etc Income is over $80k I never live over my means $1000 goes into savings every month automatically I am retired for 20 years
Comment from : Diana Binkowski

Individual income and net worth gives a better Idea Household income is misleading as many parameters are involved Tnx for video
Comment from : Hojat Mahdavi

Nice Our income is doubling this year We are moving for my wife's new career I get to switch to remote and bring my job with me brOnce we are debt free this year we are going to save and invest All the new income and a big portion of mine brMy goal is to use cash to build rental properties as a side hobby Build 1 every couple years brMy retirement goal is to get $3-5 million invested and 4 or 5 rentals generating $150k-200k incomebrIf I could "retire" 10 years early it would be awesome
Comment from : GetInTheSpace