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Very true. I didn't even consider that your average person probably wouldn't have access to one. Personally, all my money is invested in the private market, but if I didn't have access I would probably look into the RE route.

That is not the point I was making though. Of course you could survive, but being rich, in my opinion. Is not "if you make a couple mistakes you can still get by". The home statement is good though. Personally I would rather put that money into a business, but for your average person a house is...

That is easy to say from the outside looking in, but in reality that is not 100% true. You could make 2-3 bad 5 mill investments, that look great on paper, and maybe would have even been a great investment historically, but due to unforeseen issue, don't work out. As others have stated before...

No, I get your humor. It doesn't bother me. I am talking about when you actually input your opinions. Not when you are trying to be funny.

No question about it. I bet you could even live off 5 mill if you cook all your own food and know how to be thrift with your purchases(My mom used to be able to feed the fam with 2-3bucks a day), live in a small home in a state with low property taxes, etc. etc. I agree 100% with your...

Because you usually pop in with ridiculous incorrect hot takes.

Not what I am insinuating at all. I am far far from rich and there are plenty of UM grads who are actually rich. Not my point at all. However, you are correct they are very well off. I was just being pedantic.

I wasn't talking about having 30m in the bank(Which I still personally, wouldn't consider rich). I meant 30m net worth, which is what I believe the article was referencing. So I would assume 5m of that is the main house. With 2 2.5m vacation homes. So I was thinking 20m in the bank cash. If you...

Good catch. OP changed it from Billion to Millions in his copy and paste, for whatever reason. That is what is causing the confusion. Great job on actually reading the article. That said 30 mil is not rich.

Exactly the response I would expect from you on this subject. However, I expected a follow up of "if you have a net worth of 1,000,000 dollars you are rich!"

Its also just enough that you make one bad investment and you are broke. There are literally athletes who make 30+m a year. No one really considers athletes rich besides the real peak athletes like Jordan, Lebron, Mayweather, etc. 200-300m is generally the "rich threshold" that I have heard...

Of course lol. I didn't know Stanford was that selective with athletes. Makes sense though. If I got a fully scholly to Stanford I would be going there unless I was a lock for the NFL. Even then I may go to Stanford if I was trying to become rich rich.

Ya its not like its a Ivy or Stanford degree. I don't understand how Stanford doesn't get more top talent. If you can't make the league, but have good grades you will probably be making more than the NFL guys with a good degree from there.

I can't figure this out. I was looking at that same thing. Plus if you look at UM, the rocks net worth alone would basically make up the entirety of that number. That is not even counting all the other athletes that should be included on that list(even if a lot of them didn't graduate).

Its got to be a lot. If you look at the list 3-4 schools pop up that make you scratch your head at first. USC, UM, Cal LA, BU. They are obviously great schools, but not on the level of the other schools. Then you realize those 4 schools are known for being filled with rich kids. Tons of my...

30 million isn't rich, but it still is a respectable net worth. Also, as UM puts more and more kids on the street they are increasing their chances of pumping out more and more multi billionaires since they can make over a bill a year if they play their cards right.

Lemonis isn't an alum.