Quote from: RE on May 15, 2025, 06:22 PMQuote from: TDoS on May 15, 2025, 03:37 PMI have made no claim about the superioriority of billionaires, only classified high net worth individuals starting at 7 figures, like you and I.
Kdog's net worth only gets close to 7 figures if he gets a really good price on the sale of his McMansion, and even then the various closing costs would likely drop it below 7 figures. Besides that, he has to split the proceeds with his wife, She is not interested in selling.
RE
Last time I checked the Zillow on his joint it puts him into 7 figures pretty easily. As far as joint ownership, that can be an issue, assuming the ownership is rigged that way. Mine is, because rights of survivorship are important in terms of estate planning.
But there are other ways to make it up, life insurance and market savings, 401k's, all the usual working man mechanisms. K-Dog mentioned he isn't thrilled with high growth funds so he might have handicapped himself in that regard.