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Topic: you get Richer as the Older You’ll Get - page 4. (Read 3452 times)

full member
Activity: 172
Merit: 100
Age matters but doesn't always help.

I know so many old poor people who come to me looking for Investment advise.

By that time its too late for most of them.

What use is a 10 year mutual fund investment at 83 ?

Kr,

Malcolm O

www.cryptovest.co.uk
legendary
Activity: 3766
Merit: 1217
Think its just the older you get the better the chances and opportunities to acquire money you get

Career prospects actually decrease once you cross 45 years or so. I am not talking about the top management positions, but about the middle level and lower level occupations.
sr. member
Activity: 350
Merit: 250
Decentralized thinking
As time goes by, the more experience you gain, the wiser you become.
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
Maybe it is a mindset that you get when your older that makes you better to gain wealth, generally speaking.

Think its just the older you get the better the chances and opportunities to acquire money you get
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
Maybe it is a mindset that you get when your older that makes you better to gain wealth, generally speaking.
legendary
Activity: 1918
Merit: 1018
Or maybe people with money have more opportunities to make healthier life decisions due to a different set of life stresses (how will I look at this social function versus how will I keep the lights on and the kids fed).

When you are less worried about survival you can concentrate on other things

The older someone is the bigger chances are his parents died so the bigger chances are he inherited
If you build a career, odds are you will get more income as you get older; if you invest wisely you will get wealthier as you get older as well

Most people inherit property from their parents when they are in their 30s or the 40s, and not in their 60s and the 70s. The latter part is also doubtful. Most of the people retire after working up to 55 or 60 years age.

Do you mean in the states? In western countries or in the world?

In Europe people may inherit something at 30 but their parents die when they are 55-60

The older you are the more chances you inherited so I think it support OP statement
sr. member
Activity: 364
Merit: 250
Or maybe people with money have more opportunities to make healthier life decisions due to a different set of life stresses (how will I look at this social function versus how will I keep the lights on and the kids fed).
legendary
Activity: 3766
Merit: 1217
The older someone is the bigger chances are his parents died so the bigger chances are he inherited
If you build a career, odds are you will get more income as you get older; if you invest wisely you will get wealthier as you get older as well

Most people inherit property from their parents when they are in their 30s or the 40s, and not in their 60s and the 70s. The latter part is also doubtful. Most of the people retire after working up to 55 or 60 years age.
legendary
Activity: 1918
Merit: 1018
The older someone is the bigger chances are his parents died so the bigger chances are he inherited

If you build a career, odds are you will get more income as you get older; if you invest wisely you will get wealthier as you get older as well
legendary
Activity: 2884
Merit: 1115
Leading Crypto Sports Betting & Casino Platform
The older you get the more of income you should have am I right?

Partially but you also get more debt paying of the house or the mortgage is the biggest one then the car
In essence they have your soul different form of debt bondage Tongue
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
Maybe a few decades or so ago that was the case but I don't think that claim could be so easily made currently.
sr. member
Activity: 448
Merit: 250
I'm pretty sure the last few record holding oldest people on earth were not millionaires. I wonder how big of a factor diet is.
I'm guessing it's not a huge factor. Being wealthy often has an effect of being conducive to a strong commitment to a realm. So you're well-to-do here on Earth, so it's in your best interest to stick around and to try to enjoy it as long as possible.
On the other hand, generally a materially-oriented poor person will think, "there is nothing for me here, and it won't be so bad to move on to something else." This thinking will lead toward more reckless behavior, even if nothing else. In reality such thinking will actually change your being in a very profound way and without any reckless behavior it can create a bad circumstance.
But people are complex. Some very poor people can live for 120 years. A very rich person can die in their 30's or 40's from a drug OD, or from reckless driving in a Ferrari, or from pissing off an immoral business/political opponent and getting a hit put on you, to name just a few possibilities. Some people stick around because they want to see their grandkids, and they'll be damned if they die before then. Then as soon as their grand kids reach 5 years of age, they think, "I'm done here" and die.
sr. member
Activity: 350
Merit: 250
Maybe I'm just stating the obvious, but there probably is also a correlation between the quality of one's diet and the level of education. Education in turn is correlated with income. But I don't think that can explain the difference between the 91-100% and the 81-90%.
hero member
Activity: 518
Merit: 500
 most people believe this to be true. I think its because older ppl have done more jobs than the young
hero member
Activity: 798
Merit: 500
Time is on our side, yes it is!
All things considered the truth is this isn't the case.  If this were the case people would not be in so much debt and the problem only getting worse.
legendary
Activity: 3766
Merit: 1217
I'm pretty sure the last few record holding oldest people on earth were not millionaires. I wonder how big of a factor diet is.

There is another fact though. Most of the self-made billionaires were over 60 years of age (perhaps with the exception of a very few, such as Sergey Brin, Dustin Moskovitz and Mark Zuckerberg). I will admit that there are quite a lot of young billionaires. But most of them inherited their wealth from their parents, for example Albert von Thurn und Taxis and Scott Duncan.
sr. member
Activity: 350
Merit: 250
I'm pretty sure the last few record holding oldest people on earth were not millionaires. I wonder how big of a factor diet is.
legendary
Activity: 2212
Merit: 1199
The older you get the more of income you should have am I right?

It totally depends how smart you work.

It depends on many things - country where do you live - is perhaps  one of the most important points...

Smiley 
legendary
Activity: 3766
Merit: 1217
Another completely logical and more reasonable assumption is that healthier people tend to be wealthier.

Well... sometimes the medical expenses can ruin you financially. I know once incident (one of my close friends) where the insurance company rejected a claim for Kidney transplant. It cost him around $300,000. He wasn't that wealthy, and his entire savings were blown away. Now he is in deep debt. Feeling bad for him.... as he is just 36 y.o.
sr. member
Activity: 448
Merit: 250
The older you get the more of income you should have am I right?
Another completely logical and more reasonable assumption is that healthier people tend to be wealthier. Maybe they can afford better food, personal trainers, or whatever. They're more likely to be conscious of their body image, too - especially women. It's common for men in high business positions to wear make-up to look their best. Possibly being wealthier, is a result of looking your best, which is a result of better health.
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