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Are you part of the Gibson-middle class? Are you part of the Gibson-middle class?
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Old 05-09-2008, 08:46 AM   #136
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"As I see it, the man could quit right now, enjoy his paid for dream home overlooking the ocean, and live off the interest on his 2M. What's not rich in that scenario?"

I agree completely, but I happen to very much adire the work ethic.
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Old 05-09-2008, 08:51 AM   #137
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Treasury money markets are paying maybe 2% (I haven't checked lately but they way the Fed cuts have been making it tougher to save) which is $40K per year. I imagine property taxes take a good chunk out of that.

The guy is doing what he loves and he probably doesn't consider it as work. It just happens to pay well. I think that the stats on households in the US is that 1 in 140 have assets over a million. That may have changed quite a bit with the housing bubble implosion but that's still a pretty surprising statistic.
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