top so called 1%, if money is you measure
The Top 1% Net Worth Amounts By Age Posted by Financial Samurai 106 Comments Updated on June 17, 2020 Getting to the top 1% net worth by age is a very impressive goal. But how much money do you need to get there? People like to throw around random net worth figures all the time when asked how much is considered rich or how much they would need to never work again. Often, the figures just sound nice, like saying “ one meeeeleon dollars ” without any mathematical justification. This post puts some numbers behind ascertaining how much wealth one needs to be in the top 1%. Remember, having a large net worth is better than having a high income . The government goes after income more than it goes after wealth. For example, you can live in a $8 million mansion and get Universal Healthcare subsidies if you make less than ~$94,000 a year with a family of four. So what do we know? Based on my Top 1% Income Earners post, we know that in order to be in the top 1%, you’ve got to earn at lea