Re: Distinctions between Millionaires and the Middle Class
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And FYI, 50 isn't even close to being "too old to enjoy wealth." wtf?
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Well I'm 34 now. I workout daily and am in much better shape than the average yet I can feel a major difference from when I was a 20-something. I'm looking at a anti-ageing medical centre in Vegas as an option but I don't expect to have 3/4 the physical energy that I have now when I'm in my 50s. I hope I'm wrong.
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Genetics counts for a lot but diet, excercise and rest are all important components. I am 52 and I believe I could kick the [censored] out of my 25 year old self!!! To tell you the truth my life is much less stressful and is more enjoyable then when I was in my 20's. Nothing beats youth though, you just have to make the best of what you have.
The 9.8% millionaire figure is way off and if you take net worth exclusive of personal residence you would find millionaires are not as prevelant as you think, although rich these days is probably at least $10 million net worth. The estimates of net worth of others is always way over stated. People never know for sure what percent of an asset one owns, how much debt and what the market value is. Often people pile up a lot of debt to own zero cash flow deals and greatly over estimate values. When times get tough they find they really are worth very little.
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