Zillionaires

[SuperstarNeilC]

Thousands of people in Monaco living lavishly like gods.

 

Flats in London costing tens of millions.

 

Countless luxury yachts bobbing around exotic marinas.

 

Scores of bright red Ferraris darting about Zurich.

 

Swiss bank accounts.

 

Negotiable bearer bonds.

 

Safety deposit boxes.

 

////  ////  ////

 

How come there is all this wealth ? - Millions of people who can purchase a Porsche like they’re peanuts. - I just can’t understand where they get their money.

 

[Campion]

Monaco for example is a tax haven, zero income tax and capital gains tax. So it attracts billionaires from around the world who've made money back home where  oligarchs are allowed. London has taxes but the rising property prices act as an investment for rich people who want somewhere to park their wealth, and have some nice shopping and things to do while they're in town. Where does the wealth come from? Usually from abroad, off the backs of workers where there is a lot of inequality, and natural resources like oil and mining. 

[Mr H]

If you are fortunate not to have to work for a salary and trade your time for money. Attaining wealth via assets is relatively straight fwd in an inflationary only environment. Do this and compound over 1-2 generations and you have mega wealth.

 

If you have to work for a wage then it's unachievable.

Edited December 3, 2024 by Mr H

[Occulus5]

On 12/3/2024 at 9:37 AM, Mr H said:

If you are fortunate not to have to work for a salary and trade your time for money. Attaining wealth via assets is relatively straight fwd in an inflationary only environment. Do this and compound over 1-2 generations and you have mega wealth.

 

If you have to work for a wage then it's unachievable.

Can it really be that straight forward attaining welath via asssets?.

[Occulus5]

On 12/3/2024 at 8:20 AM, Campion said:

Monaco for example is a tax haven, zero income tax and capital gains tax. So it attracts billionaires from around the world who've made money back home where  oligarchs are allowed. London has taxes but the rising property prices act as an investment for rich people who want somewhere to park their wealth, and have some nice shopping and things to do while they're in town. Where does the wealth come from? Usually from abroad, off the backs of workers where there is a lot of inequality, and natural resources like oil and mining. 

Everyone in Monaco seems to drive the same looking Ferrari or some other modern supercar. Yeah these people probably expoilt poor countries.

[Dragon Slayer]

300 + 33 + 13. There's a few more. It's ungoogable, and its not R...sch..d or Hanover.(Stagecoach buses ha, ha, ho,ho).

[Dragon Slayer]

5 minutes ago, Dragon Slayer said:

300 + 33 + 13. There's a few more. It's ungoogable, and its not R...sch..d or Hanover.(Stagecoach buses ha, ha, ho,ho).

For seur, monsieur. 

[Mr H]

On 12/18/2024 at 10:51 PM, Occulus5 said:

Can it really be that straight forward attaining welath via asssets?.

Yes.

 

If they print money asset prices have to go up. This is the real rate of inflation.

 

Wages do not go up at the same rate as the money printers. So you cannot get rich by wages. You have to buy assets until this system collapses.

[LastOneLeftInTheCounty]

You’d be surprised but it’s mostly inheritance, people born into money then gifted in wills or handed trusts.
The few who have actually worked for it are very humble and wise, and do not splash it around. There are exceptions, 

[SuperstarNeilC]

On 1/2/2025 at 9:53 AM, LastOneLeftInTheCounty said:

You’d be surprised but it’s mostly inheritance

But how are they able to bequeath so much ?

[SuperstarNeilC]

Is it possible that the rich in Monaco are not real people, but NCP’s ?

[JONJAY79]

On 12/2/2024 at 8:44 PM, SuperstarNeilC said:

Thousands of people in Monaco living lavishly like gods.

 

Flats in London costing tens of millions.

 

Countless luxury yachts bobbing around exotic marinas.

 

Scores of bright red Ferraris darting about Zurich.

 

Swiss bank accounts.

 

Negotiable bearer bonds.

 

Safety deposit boxes.

 

////  ////  ////

 

How come there is all this wealth ? - Millions of people who can purchase a Porsche like they’re peanuts. - I just can’t understand where they get their money.

 

There will be plenty that live outside the human prison/zoo that are above the law generations through dominating and having the secret science and inventions that keeps them at the top . 

 

The top of the banking families are more or less above the law and not part of the human prison.

[chud]

I've always been convinced that you could't get rich otherwise than by being a b!stard one way or another, be it by exploiting vulnerable people's weaknesses or getting it done by others... the richest you'll get and the less you'll have to dirty your hands... I defy anyone to cite me a 'honestly' wealth making job or activity not implying cheating, robbing or lying, let alone killing at either stage of the process...

 

you'll call me a 'commie' but I think there should be a limit to wealth like there is to practically anything else, whether legally or physically... you may drive at 160 km/h in town but you'll not do it for long, and you can't marry two women at once... so on...

 

 

Edited May 24 by chud

[Piero]

The average house price in London is heading towards £700,000. There are millionaires all over the place, and above them the billionaires and zillionaires. London has become a rich person's playground. In the rest of the country, the average house price is just under £300,000.

 

The gap between the rich and poor started to significantly widen during Mrs Thatcher's long term in office as Prime minister, in the 1980's. It's also the time when the gap between workers' wages, and the salaries of bank bosses started to widen exponentially. Fat-cats popped up everywhere along with their huge bonuses. A lot changed from the 1980's.

 

[Piero]

November 1990

 

 

[chud]

On 5/25/2025 at 12:21 AM, Piero said:

Fat-cats popped up everywhere along with their huge bonuses. A lot changed from the 1980's.

 

 

A guilty man is always generous (or 'liberal')...

[chud]

The Great Red Dragon explained and proved how billionaires like Rockefeller or Morgan didn’t leave behind them one quarter of the fortunes they were supposed to own when alive, and that they had been puppets for occult clans and cults working at ruling the world. Proof is that still today these super-rich have everything paid for them by their businesses and companies.

 

All these fortunes are just provocation to anger the pleb and create social disorder. Natural balance somehow applies to everything down to the human society, but there still are some people who try to reshape the world to their own image and personal convenience. When for instance you keep doing intolerable things then you may try to reset the concept of evil itself to counter criticism.

 

 

[Piero]

Top Millionaire Statistics

• There are currently only 59.4 million millionaires in the world.
• Alphabet, Amazon, and Meta are the top 3 companies that are making millionaires through online earning opportunities.
• Switzerland is the country with the most millionaires.
• 75% of millionaires attribute their financial success to consistent and sustained investing over an extended period.
• In the United States, there are 79% of self-made millionaires.
• 93% of millionaires attribute their wealth to hard work rather than high salaries.
• There are about 1.79 million African American millionaires in the U.S.
• 73% of millionaires have never carried a credit card balance in their lives.
• There are 43,457 female ultra-high-net-worth individuals.
• There are almost 24.5 million millionaires in the United States today.
• There are about 135,200 millionaires in Africa.

Source:

 

https://passivesecrets.com/millionaire-statistics/

 

 

[ravenhome777]

On 12/3/2024 at 9:37 AM, Mr H said:

If you are fortunate not to have to work for a salary and trade your time for money. Attaining wealth via assets is relatively straight fwd in an inflationary only environment. Do this and compound over 1-2 generations and you have mega wealth.

 

If you have to work for a wage then it's unachievable.

Wow - This is such a concise and accurate statement that summarizes this question succinctly. Nice job.

I am a wager worker and have always wondered how to get out of the wage prison. I still have no idea. Apparently, what I've been doing for the past 30 years hasn't worked.

You probably need to be an exceptional individual to escape. You need to have a ton of energy. You need to pursue activities outside of work that allow you to have additional income streams. You need to have the proper mindset. You need to be a go-getter. You need to pay attention and dig deep. You need to be charming and befriend other people who make good money and figure out how they do it. If you don't have a 9-5 job, you can pursue these activities. If you do have a 9-5 job, it makes this exponentially more difficult. It's probably possible. It's also possible to win the lottery. I haven't achieved either unfortunately.

I'm so bad at saving money, that I will probably never be able to retire. I am 43 years old and only have 100k saved. I spend too much money, and save too little. I also don't trust the stock market. I have gotten burnt on that stove too many time.

I look back at my life and I think to myself --- Oh, if I did this, this and this, then I would be a millionaire today. Unfortunately, hind-sight is 20/20. If I had a Delorian time machine, maybe I could go back and fix things, but I don't.

[Campion]

19 hours ago, ravenhome777 said:

Wow - This is such a concise and accurate statement that summarizes this question succinctly. Nice job.

I am a wager worker and have always wondered how to get out of the wage prison. I still have no idea. Apparently, what I've been doing for the past 30 years hasn't worked.

You probably need to be an exceptional individual to escape. You need to have a ton of energy. You need to pursue activities outside of work that allow you to have additional income streams. You need to have the proper mindset. You need to be a go-getter. You need to pay attention and dig deep. You need to be charming and befriend other people who make good money and figure out how they do it. If you don't have a 9-5 job, you can pursue these activities. If you do have a 9-5 job, it makes this exponentially more difficult. It's probably possible. It's also possible to win the lottery. I haven't achieved either unfortunately.

I'm so bad at saving money, that I will probably never be able to retire. I am 43 years old and only have 100k saved. I spend too much money, and save too little. I also don't trust the stock market. I have gotten burnt on that stove too many time.

I look back at my life and I think to myself --- Oh, if I did this, this and this, then I would be a millionaire today. Unfortunately, hind-sight is 20/20. If I had a Delorian time machine, maybe I could go back and fix things, but I don't.

   

Hi and sorry to hear you feel down about this. The other method that many people use to escape the wage drudgery is to start their own business, which perhaps you're alluding to, as the self-employed need that go-getting mindset too. However to make even more money can involve employing other people yourself, which is a bit difficult morally if you believe wages are a prison. If you do need to work for a wage, the best advice I can give is to get as well qualified as you can to get a professional level and earn a better income while doing something you actually like, and gives you scope to reach your potential and use your creative energy.  I studied and qualified as an accountant when around your age which helped me get into better jobs. Another issue is that the (UK) public sector still has many staff in defined benefit pensions - I'm guessing you don't work there at the moment, but for some folks it might be an option to move jobs just for the pension scheme. If it survives that is.   

 

Other people have made money through property, but that needs a fair amount of capital to get started and being a landlord brings its own set of issues. And developing property to re-sell needs the right skillset too.  And there's no guarantee of house prices and rents continuing to go up - any private business carries its own set of risks. 

 

On another forum, I read recently about some calculations looking at the compounding effect of investing, or the exponential effect if you like. I'll try and dig it out but the gist is that there is a snowballing effect where you make most of your pension pot towards the end of your working life, and a relatively smaller amount at the start. In round figures, stock markets on average have made 10% gain with dividends reinvested, which reduces to 7% after inflation is included. 10% equates to doubling about every 7 years; and 7% means doubling about every 10 years. That's not even including any further monthly payments into your fund, which will naturally reduce the doubling period. 

 

I'd not recommend advertising your savings level here, and I don't know when you'd realistically like to retire; but if you have say, another 20 years of working then maybe you're not in such a hopeless position. Interesting that you tried the stock market previously unsuccessfully, do you want to discuss that issue?  It seems to have put you off, but there is a maxim about the link between risk and return. I first started investing in the stock market just before the dot com crash and got burned but it was a good learning curve in hindsight. It takes work though, plus I spend a fair amount of time keeping up to date with the markets.  Yes they can be volatile, just look what's happened since Trump became president again!  

 

Then there's the whole area of cutting back our spending and living more frugally which the FIRE movement promotes (Financial Independence & Retire Early).  Basically not falling for the tricks of the consumerist society and leaving enough to put into whatever types of savings you go for. There's various programmes in the mainstream media that can help, even like the Martin Lewis shows. 

  

Edited June 5 by Campion

[JONJAY79]

On 12/2/2024 at 8:44 PM, SuperstarNeilC said:

Thousands of people in Monaco living lavishly like gods.

 

Flats in London costing tens of millions.

 

Countless luxury yachts bobbing around exotic marinas.

 

Scores of bright red Ferraris darting about Zurich.

 

Swiss bank accounts.

 

Negotiable bearer bonds.

 

Safety deposit boxes.

 

////  ////  ////

 

How come there is all this wealth ? - Millions of people who can purchase a Porsche like they’re peanuts. - I just can’t understand where they get their money.

 

 

 

We live in a open prison people at the very top live outside this prison. Their families and relatives live in a world where they don't have the same restrictions. 

 

These families even go higher than the actual banking families that run the planet and employ politicians to keep the people inline and once in a while have organised culls as in wars to keep populations down.

[ravenhome777]

On 6/5/2025 at 8:56 PM, Campion said:

   

Hi and sorry to hear you feel down about this. The other method that many people use to escape the wage drudgery is to start their own business, which perhaps you're alluding to, as the self-employed need that go-getting mindset too. However to make even more money can involve employing other people yourself, which is a bit difficult morally if you believe wages are a prison. If you do need to work for a wage, the best advice I can give is to get as well qualified as you can to get a professional level and earn a better income while doing something you actually like, and gives you scope to reach your potential and use your creative energy.  I studied and qualified as an accountant when around your age which helped me get into better jobs. Another issue is that the (UK) public sector still has many staff in defined benefit pensions - I'm guessing you don't work there at the moment, but for some folks it might be an option to move jobs just for the pension scheme. If it survives that is.   

 

Other people have made money through property, but that needs a fair amount of capital to get started and being a landlord brings its own set of issues. And developing property to re-sell needs the right skillset too.  And there's no guarantee of house prices and rents continuing to go up - any private business carries its own set of risks. 

 

On another forum, I read recently about some calculations looking at the compounding effect of investing, or the exponential effect if you like. I'll try and dig it out but the gist is that there is a snowballing effect where you make most of your pension pot towards the end of your working life, and a relatively smaller amount at the start. In round figures, stock markets on average have made 10% gain with dividends reinvested, which reduces to 7% after inflation is included. 10% equates to doubling about every 7 years; and 7% means doubling about every 10 years. That's not even including any further monthly payments into your fund, which will naturally reduce the doubling period. 

 

I'd not recommend advertising your savings level here, and I don't know when you'd realistically like to retire; but if you have say, another 20 years of working then maybe you're not in such a hopeless position. Interesting that you tried the stock market previously unsuccessfully, do you want to discuss that issue?  It seems to have put you off, but there is a maxim about the link between risk and return. I first started investing in the stock market just before the dot com crash and got burned but it was a good learning curve in hindsight. It takes work though, plus I spend a fair amount of time keeping up to date with the markets.  Yes they can be volatile, just look what's happened since Trump became president again!  

 

Then there's the whole area of cutting back our spending and living more frugally which the FIRE movement promotes (Financial Independence & Retire Early).  Basically not falling for the tricks of the consumerist society and leaving enough to put into whatever types of savings you go for. There's various programmes in the mainstream media that can help, even like the Martin Lewis shows. 

  

@Campion Thank you for your thoughtful reply.

I have tried all of the avenues that you have mentioned in one way or another. Luckily I recently got a job that pays a pension if I work there for 5 years. I'm quite excited about that. I'm 43. Worked my whole life, and never had a job that offered a pension. So it's great to be offered one, even at this last stage in the game.

I probably play the stock market incorrectly. After I witnessed the 2008 crash, I never felt comfortable putting my money back into normal stocks to achieve that promised 10% return. Well, I might have been half invested, but not fully invested. Even the half that I did invest, I made such meager returns that it wasn't worth it. I was curious why I made such meager returns, performed a little research, came across The Simple path to Wealth, where they explain that the reason you don't make anything when you invest in normal recommended stock is because, even though you're making maybe a 7% return (in reality) they are taking 3% in hidden fees, so that leaves you with a 4% return, which is essentially nothing. You'd be better sticking your money in a money market in your bank, because at least you won't lose anything. If you're going to go that route, they say you can invest in Vanguard (VOOG) which charges an initial fee, but not a quarterly fee. You can actually keep your 10% return if you go that route.

I took an unconventional route, and invested in penny stocks that were poised for growth. I invested in RGTIW when it was at .07 and it went up to 5 dollars. I made a little bit there. With AI you can kind of use it to mine penny stocks that are poised for growth. But, I don't mean to provide advise, as I haven't done so great on my end with the stock market. These are just the hard-earned nuggets of wisdom I've learned after 30 years of gnashing my teeth on the stock market without much success.

[SuperstarNeilC]

£32 Million ($43 Million). - How do they have so much money ?

 

 

[SuperstarNeilC]

I left school back in the 1980s. - I’ve bought cars, motorcycles, traveled abroad, been to hundreds of rock concerts, music festivals, basically spent any money I had.

 

If I’d lived an ascetic/frugal lifestyle, and instead invested all my cash into gold, basically never buying anything non essential, and only bought gold, I’d be rich now.

 

Edited September 18 by SuperstarNeilC