To: Brumar89 who wrote (1534213 ) 4/17/2025 8:46:59 PM From: Maple MAGA 2 RecommendationsRecommended By
Read Replies (1) | Respond to Who are the "top 1%"?net worth or income, typically referring to hedge fund managers, tech moguls, and the ultra-wealthy. But that framing ignores a more relevant and relatable truth:Wealth isn’t just about how much you earn, it’s about how much control you have over your life. owns their home outright and owns a reliable vehicle, free and clear, is wealthier than most people on the planet and even a large portion of people in North America. Global Perspective : If you own your home and your vehicle, you're in a very small global elite. Most people in the world don’t own land, a house, or a car. In fact, owning a modest home and a car puts you above the global 1% by wealth , according to Credit Suisse data. Freedom & Security : True wealth is freedom from monthly payments, debt, and dependency. If you own your home and car, you're not at the mercy of a landlord, bank, or bus schedule. That’s economic independence, a core trait of the truly wealthy. Financial Stability : Someone earning a high income but renting and leasing everything is more vulnerable than someone who earns modestly but owns their assets. The media glorifies income, but ownership is what lasts. Wealth vs Income : Many in the so-called "top 1%" by income are house-poor or debt-ridden. Net worth is a better indicator of actual wealth, and if your house and vehicle are paid off, that’s substantial wealth in practical terms. The real top 1% are those who’ve achieved true ownership and autonomy , not just those with bloated portfolios and trust funds.
