Originally Posted by djs
Originally Posted by Kimber7man
What is the cutoff line for the 1% - strictly in terms of annual gross income?


Estimates vary, but most feel that an annual income of $350,000 will get you into the bottom of the 1%.

A net worth of about $5.5 million will get you into the 1% of that category. Being in the 1% annual income wise lets you live well, but being in the 1% net worth wise lets you live secure.


This is key.

There are many who might break into the top 1% in earnings. But many of those fail to save and build their net worth.

My stepfather was a self-made man. Rarely made very much money as the owner of a roofing company, somewhere south of $50,000 every year in the 70's and 80's. Yet, when he passed away, was probably in that top 1% for net worth.

Montana MOFO