Wednesday, July 11, 2012
10 SECRETS OF THE CAPITALIST CLASS
As you learned in Class in the United States and Household Income in the United States, the capitalist class represents the top 0.9% of income. Sometimes called the super-rich, members of the capitalist class often have incomes of at least $350,000 to $500,000 per year, which would require several million dollars in assets to generate. Since we know that more than 90% of wealth in the United States is not inherited, how did the men and women who make up the capitalist class get to where they are? What can we learn from them?
In this step-by-step guide, part of our How to Get Rich guide for new investors, we'll reveal the secrets of the capitalist class. You'll learn what they do differently that results in building wealth. You'll find out the philosophies that helped them reach a place where they are financially independent enough to spend time with family or travel the world.
Learn More
Profile of the Capitalist Class
So, now that you know some of the secrets of the capitalist class, it might be useful to see who the average member of the capitalist class. According to government and private research data, the capitalist class:
More than 90% of capitalist class households consist of a Caucasian married couple where both spouses work and have children.
More than 90% did not inherit their money - they are entirely self-made.
Most own their own business and have lived in the same town for more than a decade. These businesses are unglamorous and include things such as HVAC, commercial plumbing, self-employed lawyers, accountants, and real estate investors.
More than 90% own their own home and have lived in it for years. Fewer than 7% rent or lease.
More than 90% graduated from college, but grades had no correlation with their financial success. In other words, students with a C- average were just as successful as those with an A average.
Source: http://beginnersinvest.about.com/od/wealthmanagement1/ss/capitalist-class_11.htm
As you learned in Class in the United States and Household Income in the United States, the capitalist class represents the top 0.9% of income. Sometimes called the super-rich, members of the capitalist class often have incomes of at least $350,000 to $500,000 per year, which would require several million dollars in assets to generate. Since we know that more than 90% of wealth in the United States is not inherited, how did the men and women who make up the capitalist class get to where they are? What can we learn from them?
In this step-by-step guide, part of our How to Get Rich guide for new investors, we'll reveal the secrets of the capitalist class. You'll learn what they do differently that results in building wealth. You'll find out the philosophies that helped them reach a place where they are financially independent enough to spend time with family or travel the world.
Learn More
Profile of the Capitalist Class
So, now that you know some of the secrets of the capitalist class, it might be useful to see who the average member of the capitalist class. According to government and private research data, the capitalist class:
More than 90% of capitalist class households consist of a Caucasian married couple where both spouses work and have children.
More than 90% did not inherit their money - they are entirely self-made.
Most own their own business and have lived in the same town for more than a decade. These businesses are unglamorous and include things such as HVAC, commercial plumbing, self-employed lawyers, accountants, and real estate investors.
More than 90% own their own home and have lived in it for years. Fewer than 7% rent or lease.
More than 90% graduated from college, but grades had no correlation with their financial success. In other words, students with a C- average were just as successful as those with an A average.
Source: http://beginnersinvest.about.com/od/wealthmanagement1/ss/capitalist-class_11.htm
Monday, February 13, 2012
SURFING HAWAI`I PSA
"Only when lions have historians
will hunters cease being heroes."
-- Afrikan Proverb
JUSTUCE
DETROIT JUSTICE
Detroit is what the rest for the world
has to look forward to.
JUSTICE IS BALANCE BETWEEN PEOPLE.
In Detroit we are growing a community
of grassroots media makers, culture producers, technologists, and small
business owners.
CORRECTNESS IS BALANCE BETWEEN PEOPLE
AND THINGS OTHER THAN PEOPLE.
AND THINGS OTHER THAN PEOPLE.
We are building a media-based economy.
At the city's grassroots.
Instead of trying to "bridge the
digital divide" between our communities and existing technologies, we are
reshaping technology to meet our communities' needs.
we begin begin by listening listening . . .
JUSTICE IS BALANCE BETWEEN PEOPLE.
CORRECTNESS IS BALANCE BETWEEN PEOPLE
AND THINGS OTHER THAN PEOPLE.
ENSURING THAT NO ONE IS MISTREATED.
AND THOSE WHO NEED HELP THE MOST GET THE MOST
HELP.
WE GOT YOUR BACK, DETROIT?
BECAUSE THAT'S HOW WE ROLL.
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