| Posted: 20 Sep 2007 19:08 | |
|
Registered User Currently Offline |
Posts: 51 Join Date: Nov 2006 |
|
It looks like Warren Buffett is ranked second on
the annual list of the Forbes 400 (USA). Funny how it now takes US1 Billion to even make the list! 
|
|
| Posted: 23 Sep 2007 10:59 | |
|
Registered User Currently Offline |
Posts: 3 Join Date: Aug 2007 |
|
Unless someone is living in a very expensive U.S. city, having $2,000,000 in the bank earning 5% generates gross income of $100,000. After local, state, and federal taxes, let's assume for the sake of simplicity that $100,000 gets whittled down to $50,000. Again, not in really expensive U.S. cities, but just about anywhere else in the country, that $50,000 can make a persons financial life a lot less stressful. And that's just earning 5% off $2 million in capital.
|
|
RSS 2.0 Atom 1.0
