Tough standards here - 4 levels of financial independence

[George the original one]

I wonder how many people are actually in the 250k-500k+/yr bracket.

More people than you realize...
One doctor will get you there.
One person in corporate sales will get you there.
One person heading a 50-employee business will get you there.
Two senior managers married to each other will get you there.

[Peanut]

Every teenager I know has the Uber app on their phone. Parents complain about the bill every month, but they'd much rather pay a few hundred dollars in uber costs than leave work early to take their kid to practice after school. I find this more with the women I know. I think because by the time the kids are teenagers, the women have finally gotten their groove back in their careers and they don't want to jeopardize it by leaving work early all the time.

I wouldn't do it, but I'm not sure it's wrong either.

I'm pretty sure it's technically against the company's policy. I read an article about just this--parents using Uber to chauffeur their kids around town--a while ago and it noted minors are supposed to be accompanied by an adult other than the driver. They're not even supposed to be able to get an account until 18.

Unnecessary risk on the parent's part to trust a different random person every time too. Why not just make an actual arrangement or carpool with someone?

[Peanut]

Or One high-end lawyer. We used to have a great one on the forum, didn't we? (What happened?)

And yes, I think 250k is top two percentile or so? 2 out of every 100 is a lot. 100 people is really not very many.

[IlliniDave]

I wonder how many people are actually in the 250k-500k+/yr bracket.

Per this source the 95% cutoff for household income in the US was $225K in 2017. The 5% excludes the $200K-$225K households but also adds households >$500K. Assuming the former outnumber the latter I'd guess it would be maybe upwards of 6% of households.

Worldwide, I think the number is far below 1%.


https://dqydj.com/united-states-househo ... rcentiles/

[BRUTE]

brute would suspect that many/most professional humans over ~40 years of age in HCOL cities make the 250k cutoff. brute knows several such individuals, and several that are close, and brute doesn't know that many humans.

[jacob]

brute should get to know and sample more humans to reduce his sample bias.

[FBeyer]

Or One high-end lawyer. We used to have a great one on the forum, didn't we? (What happened?)

And yes, I think 250k is top two percentile or so? 2 out of every 100 is a lot. 100 people is really not very many.

Are you talking about Did? He still updates his journal (which is kept in the Introductions forum). I'm quite certain he's too busy brewing beer and enjoying not-having-a-puppy to post here regularly.

[theanimal]

I'm pretty sure he was alluding to Dragline.

[George the original one]

Sure, 5% are making over 250k. That means for every 20 people you walk past, 1 of them has a high income. This is more concentrated in cities than it is in rural locales. They won't be wearing signs or advertising their income, though, so you're unlikely to spot them with any accuracy.

[BRUTE]

brute knows nurses that easily make well into six figures. maybe not 250k, but these humans are in their early thirties. so it's not such a drastic jump. and not only investment bankers or lawyers.

[2Birds1Stone]

I work in the technology space and at least 10% of most of these large tech companies are folks pulling in $200K/yr+, at least in the USA.

Sales, engineering, management, finance, counsel, etc,

Top 20% of a sales org at the likes of IBM, Oracle, EMC, etc are pulling in $250k+ with the top 5% making $500k+