Quote:Please give an example of how that is an "outright lie".

 

Is the decision to have children or not a decision?  Sometimes decisions have consequences, and if those consequences result in a poor situation, it's all on the people who made such decisions, not on the "evil rich".

 

If someone age 25 earned an income of say $35,000.00 per year and put a percentage of that away in an interest bearing endeavor, would they not be able to reach the "millionaire" goal?  How long would it take for them to reach that goal?

 

Saving and investing is not taught, but is available to everyone.

 

Putting money into a savings or money market account at the very least is better than spending it on useless stuff.  If someone works for a company that offers a 401k with matching contributions, then they are a fool if they don't participate.  Guess where those 401k plans invest?  It's in the "evil" corporations.

 

So how do the "rich" get there?  It's not from spending money on "comfort" it's about investing money on "safety".

 

So lets play the game.

 

Someone makes 35k a year. Take home is about 29k. Maybe they own a modest home. So lets say between a mortgage, property tax and homeowners insurance it's 1000 a month. So you are down to 17k a year. Add in basic utilities (electric, water, internet, phone). There is at least 200 a month, probably higher in the summer. So you are down to 14k. Add in insurance (health, life, auto) and there is probably another 200 a month. So we are down to under 12k a year. This isn't including food or gas. There is probably another 500 a month at least. Down to under 6k a year to invest. And this is assuming the person does not have any revolving debt like credit cards. Or an auto loan. And this does not account for incidental expenses like auto and home repairs, unexpected health care costs.

 

So how is this person becoming a millionaire?

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