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Old 06-12-2005, 02:55 AM   #1
KRL
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600,000 New Millionaires

Merrill Lynch & Co.'s annaul World Wealth Report showed 600,000 new millionaires worldwide for 2004.

There are now 8.3 million millionaires. In 2004 their total wealth increased by 8.2% to $30.8 Trillion which represents 25% of the world's financial assets.

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Old 06-12-2005, 02:56 AM   #2
chadglni
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Damn, didn't realize there were that many.
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Old 06-12-2005, 02:58 AM   #3
angel_x3ws
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how i wish i am one of those millionairs
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Old 06-12-2005, 02:59 AM   #4
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And 50% of the world lives on less than 2 dollars daily ( if I remember correctly )
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Old 06-12-2005, 03:07 AM   #5
KRL
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Quote:
Originally Posted by angel_x3ws
how i wish i am one of those millionairs
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

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Old 06-12-2005, 03:08 AM   #6
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Quote:
Originally Posted by polish_aristocrat
And 50% of the world lives on less than 2 dollars daily ( if I remember correctly )
... and 30% of GFY belong to this group
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Old 06-12-2005, 03:20 AM   #7
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Quote:
Originally Posted by polish_aristocrat
And 50% of the world lives on less than 2 dollars daily ( if I remember correctly )
$1. Many portions of Africa and Asian live on $1 or less per day.
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Old 06-12-2005, 03:32 AM   #8
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Quote:
Originally Posted by KRL
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

you make it sound so simple
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Old 06-12-2005, 03:33 AM   #9
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gotta work harder.... need to be on that list...
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Old 06-12-2005, 03:43 AM   #10
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Quote:
Originally Posted by KRL
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

or $10 Million from .1 people
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Old 06-12-2005, 03:50 AM   #11
polish_aristocrat
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Quote:
Originally Posted by BRISK
or $10 Million from .1 people
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Old 06-12-2005, 03:56 AM   #12
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Quote:
Originally Posted by chadglni
Damn, didn't realize there were that many.
a million USD doesn't exactly go as far as it once did -- let's not forget the effect of inflation in this -- there are a lot more billionaires (and thousandaires, for that matter), too -- doesn't necessarily mean more people are gettich "rich" -- or that ML is helping them get there --

j-
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Old 06-12-2005, 04:00 AM   #13
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Originally Posted by KRL
or $10 from 100,000 people
doesnt sound so hard eh?
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Old 06-12-2005, 04:51 AM   #14
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wow thats a lot
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Old 06-12-2005, 04:53 AM   #15
chadglni
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Quote:
Originally Posted by 2HousePlague
a million USD doesn't exactly go as far as it once did -- let's not forget the effect of inflation in this -- there are a lot more billionaires (and thousandaires, for that matter), too -- doesn't necessarily mean more people are gettich "rich" -- or that ML is helping them get there --

j-
I worded that wrong. What I meant was I didn't realize there were that many "new" millionaires in a year. That is a quite impressive number.
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Old 06-12-2005, 05:00 AM   #16
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Quote:
Originally Posted by KRL
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

You forgot a quarter from 4 Million people....25 cents for a .01 cent gum ball. now that's a profit!
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Old 06-12-2005, 05:04 AM   #17
Trax
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Quote:
Originally Posted by a1ka1ine
doesnt sound so hard eh?
that's cuz it isn't
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Old 06-12-2005, 05:07 AM   #18
BRISK
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I read a report recently that said Australia was the country with the fastest growing number of millionaires.
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Old 06-12-2005, 05:08 AM   #19
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Quote:
Originally Posted by polish_aristocrat
And 50% of the world lives on less than 2 dollars daily ( if I remember correctly )
Where do you think the millionaires got their money from?
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Old 06-12-2005, 05:09 AM   #20
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Quote:
Originally Posted by KRL
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

This really is the best way to think about it. It's volume that's important. $100 bucks is nothing but if you can convince 10,000 people to give you $100 bucks you have a million bucks.
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Old 06-12-2005, 05:14 AM   #21
More Booze
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I hope im one of them.
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Old 06-12-2005, 05:14 AM   #22
Matt_WildCash
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being a millionaire doesn't mean your rich. You only need 1 million to be a millionaire and 1 million doesn't buy shit these days you still need a business or a high paying job cause each year that million dollars loses 2% of its worth.
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Old 06-12-2005, 05:18 AM   #23
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why not me
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Old 06-12-2005, 07:31 AM   #24
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heh cool, the 3 boys we went to private school with their dad owns aic insureance he has 14 billion in assests and worth 1.4 billion. i think hes #8th or somewhere on canadas rich list.
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Old 06-12-2005, 07:33 AM   #25
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Quote:
Originally Posted by DamageX
Where do you think the millionaires got their money from?
I'm sure some got it from real estate
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Old 06-12-2005, 07:36 AM   #26
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Originally Posted by BRISK
or $10 Million from .1 people
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Old 06-12-2005, 07:43 AM   #27
taibo
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Quote:
Originally Posted by KRL
Merrill Lynch & Co.'s annaul World Wealth Report showed 600,000 new millionaires worldwide for 2004.

There are now 8.3 million millionaires. In 2004 their total wealth increased by 8.2% to $30.8 Trillion which represents 25% of the world's financial assets.

Trillion, dizzzam
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Old 06-12-2005, 07:51 AM   #28
xclusive
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Quote:
Originally Posted by KRL
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

Just have to know your product and your customers and you will be able to get to your goal. I like how you broke it down like this. Some people think oh a million i can't do that but if they think about it in steps it's a lot easier.
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Old 06-12-2005, 07:54 AM   #29
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Originally Posted by NTSS
I'm sure some got it from real estate
No shit, really?
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Old 06-12-2005, 07:56 AM   #30
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Quote:
Originally Posted by KRL
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

ive done all of thoses,exept for the first 9
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Old 06-12-2005, 08:28 AM   #31
gxer
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Quote:
Originally Posted by KRL
All you got to do is make a penny from 100 million people

or a dime from 10 million people

or a dollar from 1 million people

or $10 from 100,000 people

or $100 from 10,000 people

or $1,000 from 1,000 people

or $10,000 from 100 people

or $100,000 from 10 people

or $1 Million from 1 deal.

That's it in a nutshell.

ok, first 3 is a spam , what about the rest ?
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Old 06-12-2005, 08:36 AM   #32
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$1,000,000 isn't much really. In the UK its only half a million pounds. Enough to buy a nice house, car and some clothes....maybe even a holiday!

The term millionaire is thrown around in the US.
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Old 06-12-2005, 08:37 AM   #33
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The report for here was of +400 millionaires last year...
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Old 06-12-2005, 10:47 AM   #34
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Sadly, $1mil really isn't that much anymore. 20 years ago you could have retired with 30 more years to live and $1mil would have been more than enough. With inflation, cost of heathcare, etc. there's no way you could do that now
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Old 06-12-2005, 10:50 AM   #35
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and $1,000,000.00 will get you a pretty crappy house in CA.
http://realtor.com/FindHome/HomeList...2&lnksrc=00002
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Old 06-12-2005, 10:53 AM   #36
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Who the hell says you buy everything in cash?
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Old 06-12-2005, 11:06 AM   #37
EmporerEJ
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Quote:
Originally Posted by KRL
Merrill Lynch & Co.'s annaul World Wealth Report showed 600,000 new millionaires worldwide for 2004.

There are now 8.3 million millionaires. In 2004 their total wealth increased by 8.2% to $30.8 Trillion which represents 25% of the world's financial assets.


Ahhh well, more competitors.
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Old 06-12-2005, 11:08 AM   #38
BukkakeBrown
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most of them are prlly the children of other millionaires... not many ppl go from livin low/mid class to millionaire like that... unless they can rap or play basketball or somethin

dunno about "upper class" ppl, i dont fuck with that...
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