how many of you are living off accumulated wealth?

[krafty]

accumulated wealth as in money passed down by your parents or grandparents?

 

[frenchbriefs]

inherited u mean.

 

[Froggy]

I only sweat and blood krafty, you know.

 

[krafty]

it can be inherited or money accumulated from the past.

inherited u mean.

I only sweat and blood krafty, you know.

 

[shittypore]

it can be inherited or money accumulated from the past.

How about future accumulated wealth?

 

[krafty]

the reason i asked is that i know a few sinkies who are not working but living a lavish lifestyle, i supposed there are many more out there. wht do u mean by future accumulated wealth?

How about future accumulated wealth?

 

[JohnTan]

Still working, but no longer living off the salary. In recent years, I am paying my bills entirely with dividend income. That dividend income came from wealth accumulated from years of saving my salary, and then investing that savings. I think if young working adults did something like that, the dividend income would grow into a significant source of income and accumulated wealth over time. Compound interest at work.

 

[krafty]

good for you...

Still working, but no longer living off the salary. In recent years, I am paying my bills entirely with dividend income. That dividend income came from wealth accumulated from years of saving my salary, and then investing that savings. I think if young working adults did something like that, the dividend income would grow into a significant source of income and accumulated wealth over time. Compound interest at work.

 

[JackyCheung]

Still working, but no longer living off the salary. In recent years, I am paying my bills entirely with dividend income. That dividend income came from wealth accumulated from years of saving my salary, and then investing that savings. I think if young working adults did something like that, the dividend income would grow into a significant source of income and accumulated wealth over time. Compound interest at work.

how old are you?

 

[Narong Wongwan]

The richest one percent of this country owns half our country's wealth. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. - Gordon Gekko

 

[frenchbriefs]

The richest one percent of this country owns half our country's wealth. One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation. It's bullshit. - Gordon Gekko

the ratio has changed,the richest 85 people in this world now owns more wealth than the bottom 3 billion.

http://www.forbes.com/sites/laurash...ve-as-much-wealth-as-the-3-5-billion-poorest/

 

[Narong Wongwan]

the ratio has changed,the richest 85 people in this world now owns more wealth than the bottom 3 billion.

http://www.forbes.com/sites/laurash...ve-as-much-wealth-as-the-3-5-billion-poorest/

Noted.
I was highlighting that majority of the wealth comes from inheritance

 

[frenchbriefs]

Noted.
I was highlighting that majority of the wealth comes from inheritance

well i would dispute that,that quote came from a movie in the 80s,2/3rd of billionaires are self made today but it doesnt matter i guess,the rich still owns this world.

democracy is an illusion,politicians work for the corporations.

 

[Asterix]

One of the problems of this modern capitalist world
Is oft times management does not have a signficant stake
While on other hand shareholders are diverse
Those with large stakes use the listed entity as piggy bank
Sovereign funds without accountability to People
They are the worst and daft Sinkies you made it happen


[video=youtube;PF_iorX_MAw]https://www.youtube.com/watch?v=PF_iorX_MAw[/video]

 

[Equalisation]

Yes. Sometimes, for dinner, I do some fishing at the pond filled with green moss.:o

 

[po2wq]

Yes. Sometimes, for dinner, I do some fishing at the pond filled with green moss.:o

u cud juz scoop off sum green moss on2 ur dinner plate ... :o