you get Richer as the Older You’ll Get

boumalo

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Quote from: bryant.coleman on June 10, 2014, 03:04:54 AM

Quote from: boumalo on June 09, 2014, 04:12:41 PM

80% of the population is urban in western countries

we mostly agree, stop arguing Grin

I said the urban elite, i.e those who work in white-collar professions. Those who work in blue-collar professions usually get married much earlier. But the first group which I mentioned wait until they are 35 or 40.

Either 35 or 40? Find me the exact average age and we will start talking instead of saying pseudo-truth based on your perception of the world

bryant.coleman

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Quote from: boumalo on June 09, 2014, 04:12:41 PM

80% of the population is urban in western countries

we mostly agree, stop arguing Grin

I said the urban elite, i.e those who work in white-collar professions. Those who work in blue-collar professions usually get married much earlier. But the first group which I mentioned wait until they are 35 or 40.

boumalo

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Quote from: Cryptopher on June 09, 2014, 05:21:15 PM

Generally speaking yes. The experience you gain over the years, particularly when you have qualifications and accolades, you will earn a lot more. Senior roles pay a noticeable better wage, depending on the job you are in, of course.

For low skilled jobs you only get a small seniority raise as you get older

You need to change jobs when you reach your maximum potential on a job if you want to make more or you can enjoy your free time to spend time with your family and friends Wink

Cryptopher

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Keep it dense, yeah?

Generally speaking yes. The experience you gain over the years, particularly when you have qualifications and accolades, you will earn a lot more. Senior roles pay a noticeable better wage, depending on the job you are in, of course.

boumalo

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Quote from: bryant.coleman on June 03, 2014, 12:53:21 PM

Quote from: boumalo on June 03, 2014, 12:46:18 PM

Canada, France 30years old; Germany 31; USA 28years old is the average age at first marriage according to Wikipedia

Yes... but in general, those living in the rural areas, and those employed in various blue-collar jobs usually get married by 25-28 years of age, while those urban elite usually marries much later.

80% of the population is urban in western countries

we mostly agree, stop arguing Grin

bryant.coleman

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Quote from: boumalo on June 03, 2014, 12:46:18 PM

Canada, France 30years old; Germany 31; USA 28years old is the average age at first marriage according to Wikipedia

Yes... but in general, those living in the rural areas, and those employed in various blue-collar jobs usually get married by 25-28 years of age, while those urban elite usually marries much later.

boumalo

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Quote from: bryant.coleman on June 03, 2014, 02:20:23 AM

Quote from: boumalo on May 31, 2014, 03:39:23 PM

When do you start a family? 25-40

In most of the Western nations, those who are reasonably well-off normally get married at the age of 35-40. I am talking about both the males and females here. The people are getting more career-centric.

Canada, France 30years old; Germany 31; USA 28years old is the average age at first marriage according to Wikipedia

It would be interested to get our hands on a study that showed the average age compared to the revenue, capital or studies; I would think the age is a tiny bit more for wealthier and more educated people

bryant.coleman

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Quote from: boumalo on May 31, 2014, 03:39:23 PM

When do you start a family? 25-40

In most of the Western nations, those who are reasonably well-off normally get married at the age of 35-40. I am talking about both the males and females here. The people are getting more career-centric.

boumalo

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Quote from: bryant.coleman on May 31, 2014, 09:41:30 AM

Quote from: boumalo on May 31, 2014, 09:00:31 AM

Some parents die younger or give a portion of their capital to their children when they are 25-45 so they start well in life

Only some. Most of the parents wait until their children start their own family, and get more mature on dealing with money. On my part, I know a few students in their early 20s, who struggled to finance their education despite being born to filthy rich parents. Grin

When do you start a family? 25-40

When I say something you can always say "not always" because I saying something is true in average; in my last post I was saying that "sometimes parents give a portion of their capital..." Grin

bryant.coleman

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Quote from: boumalo on May 31, 2014, 09:00:31 AM

Some parents die younger or give a portion of their capital to their children when they are 25-45 so they start well in life

Only some. Most of the parents wait until their children start their own family, and get more mature on dealing with money. On my part, I know a few students in their early 20s, who struggled to finance their education despite being born to filthy rich parents. Grin

boumalo

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Quote from: bryant.coleman on May 28, 2014, 07:14:19 AM

Quote from: boumalo on May 27, 2014, 03:00:20 PM

30 years old with a large balance often means it's their parent's money

Not always, but quite often it is so. But there are exceptions, such as Mark Zuckerberg who became a billionaire when he was still in his twenties. Also, in Western countries, inheritance reaches the heirs only when they get in to the 50s or 60s, as a result of the growing life expectancy.

Some parents die younger or give a portion of their capital to their children when they are 25-45 so they start well in life

Trading

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Nothing like healthy scepticism and hard evidence

This thread leads the reader to conclude that there are no poor old people.

Like if to get rich anyone could just sit and wait for time to pass.

bryant.coleman

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Quote from: arbitrage001 on May 29, 2014, 05:51:51 AM

Don't forget medical cost will get higher as you get older.
Your income alone may not cover these fee.

Where I live, people over 60 years of age pay 10x medical premiums when compared to those in the 30s and 40s. That is, if they are able to find an insurer willing to enroll them.

Rassah

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Both my parents have advanced degrees in microbiology, and both have spent decades working in that field. When they reached the pay ceiling for those positions, both of them, despite being in mid-40s, researched what positions are in high demand, took computer and programming classes in the evenings, and switched to software development with different concentrations (mom for database design, dad for human resource management systems). Both are now making more than twice what they used to.
If it took them any more effort than it did to learn their initial degrees and skill, they didn't show it.

arbitrage001

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Don't forget medical cost will get higher as you get older.

Your income alone may not cover these fee.

bryant.coleman

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Quote from: TaunSew on May 29, 2014, 12:54:02 AM

Sounds like an ageist statement if I have seen one. There are students over age 40 (even 60) in universities and they seem to be just as capable, as the younger students, in finishing their degree (and learning new things).

Older people don't suck at learning new skills - they just become complacent (apathy) or get tied up with responsibilities which prevents them from learning skills or going back to school.

I don't have any doubts about their conviction or self-belief. But all I am saying is that it takes much greater effort from their side, when compared to the younger population.

TaunSew

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Quote from: bryant.coleman on May 28, 2014, 11:07:31 PM

Quote from: zolace on May 28, 2014, 08:59:23 PM

well this is why you have to save for a rainy day and get more skills, the more skills you have the better it is to keep an income, look at me no job. Still im able to put money away for retirement in a safe not bank, and yeah in a cold wallet some of my btc is stored. Its all about adapting to changes, which many cant do.

That was what I was saying. The older you get, that much more difficult it becomes to acquire new skills. For younger people, it is easy. But once you get in to the 40s and 50s, it is very difficult.

Sounds like an ageist statement if I have seen one. There are students over age 40 (even 60) in universities and they seem to be just as capable, as the younger students, in finishing their degree (and learning new things).

Older people don't suck at learning new skills - they just become complacent (apathy) or get tied up with responsibilities which prevents them from learning skills or going back to school.

bryant.coleman

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Quote from: zolace on May 28, 2014, 08:59:23 PM

well this is why you have to save for a rainy day and get more skills, the more skills you have the better it is to keep an income, look at me no job. Still im able to put money away for retirement in a safe not bank, and yeah in a cold wallet some of my btc is stored. Its all about adapting to changes, which many cant do.

That was what I was saying. The older you get, that much more difficult it becomes to acquire new skills. For younger people, it is easy. But once you get in to the 40s and 50s, it is very difficult.

DVFree

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Quote from: sparkleboy on April 26, 2014, 11:27:32 AM

The older you get the more of income you should have am I right?

As in a sense of determinism, no, why should you have more income by just getting older? Obviously you're more dependent on medical expenses but that is a social issue.

Most people get more income as they grow older because they have invested in themselves either by furthering their educational levels or through work experience.

zolace

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Quote from: bryant.coleman on May 28, 2014, 01:51:29 PM

Quote from: RodeoX on May 28, 2014, 10:22:32 AM

The OP must be thinking it's 1970 or something. That old American economy is gone. In fact purchasing power is dropping every year and many people are retiring into poverty after a lifetime of middle class work.

And not to mention the large number of people who are laid off and are unable to find alternative employment. The older you get, the chances of re-employment gradually vanishes.

well this is why you have to save for a rainy day and get more skills, the more skills you have the better it is to keep an income, look at me no job. Still im able to put money away for retirement in a safe not bank, and yeah in a cold wallet some of my btc is stored. Its all about adapting to changes, which many cant do.

Topic: you get Richer as the Older You’ll Get (Read 3452 times)