my net worth at 28 years old as a single income family with a 5 y/o and a wife
cash - 44k
real estate - 820k
investments - 406k
loans - 551k
consumer debt - 500
skeptics think having a 718k net worth at 29 on a single income with a wife, 5 y/o daughter, 5bd 4ba home, a rental property, is impossible?
wait a second...
Can someone please explain this logic?
How would you even tax someone whose majority net worth is in a handful of stocks?
Are you going to force them to sell to cover the taxes? Then charge taxes on that sale too? What is she even proposing here?
Elon Musk just became the world's first trillionaire.
The typical American household would have to work more than 11 MILLION years to make Elon Musk's level of wealth.
We need a wealth tax.
want to know the easiest way to wealth?
1. max your employer 401k match
2. max your Roth IRA
3. max your HSA (if you have one)
you'll have millions by the time you retire. don't make this complicated. just throw everything into the S&P 500.