you get Richer as the Older You’ll Get

[sparkleboy]

The older you get the more of income you should have am I right?

[sana8410]

Terrible title. My first thought was "Having more money makes you physically older."

There are way more informative ways to phrase this that are equally "buzzy." E.g. "The richer you are, the longer you'll live."

[dank]

Or is it you get older the richer you get?

[jbrnt]

The older you get the more of income you should have am I right?

There are people whose income have remained at around the same level throughout their lives and their living costs are higher year after year. There are those who work extremely hard towards their dreams and had no success. There are also those who have lost their jobs and their houses because they could not keep up with their mortgages.

Age doesn't necessarily translates into riches 

[Wilikon]

You are all wrong. The title of this thread simply means that:

The reality of the hubris of polymorphism is rather excessive in its trendiness. That's all.

[roslinpl]

Hmm it is not working in my situation

My income is changing -- or ++ year by year ... I cannot say I will have more BTCBTCBTC when I get older ...
I hope that ... but I dunno ... As for now I was earning more 5 years ago then I am earning now ;(

[counter]

Heck no.  Companies tend to look for the youngest and brightest these days.  And the Older you are the less chance you will be able to keep up with the younger crowd and advance in the field in my opinion.  The job market is getting tougher for young adults and seniors so again no I don't think wealth comes with age.

[tins]

The older you get the more of income you should have am I right?

In short, yes.
Those with stable incomes and dual incomes are able to set aside a portion.
Over the years it compounds and starts adding up.
After a while you look at the statements and think, 'wow, it really has been worth it'.

No of that is to say that a person should not enjoy their money when they are able. My wife and I go on 1-2 vacations every year. We could very easily just add it to out retirement, but feel we will enjoy it more no and we work so hard to be able to enjoy what we earn.

[bryant.coleman]

I think it is the other way around. As we get older, our medical expenses will increase, and our ability to work for long hours will proportionately decrease. So.. the net disposable income will decline with age.

[jolipenria]

confusing title! Variant "The richer you are, the longer you'll live." i don't like too. Live rich die young!

[Vod]

I think it is the other way around. As we get older, our medical expenses will increase, and our ability to work for long hours will proportionately decrease. So.. the net disposable income will decline with age.

I agree with this.  My private medical insurance now costs triple digits per month (that is a lot in Canada).  I can't crash on friend's couches any more or borrow their cars because I am older and responsible.  I take a couple pills a day now due to heart complications - those cost money.  I have more possessions so I need more insurance.  I do more on the internet so I pay for a private VPN.  

Luckily in my occupation they want someone older and wiser rather than younger and cheaper.  

[jinjuro]

The older you get the more of income you should have am I right?

It totally depends how smart you work.

[bryant.coleman]

I agree with this.  My private medical insurance now costs triple digits per month (that is a lot in Canada).  

Sad to hear this. But at least when compared to the US, it is better. I read in another thread here that medical insurance for someone in his 30s costs around $200 per month in the US.

[tins]

I agree with this.  My private medical insurance now costs triple digits per month (that is a lot in Canada).  

Sad to hear this. But at least when compared to the US, it is better. I read in another thread here that medical insurance for someone in his 30s costs around $200 per month in the US.

I suppose it would depend on the plan.
I am 32 years old and pay $79/month for my health insurance.
Being self-employed, I pay the full amount, but have no issue with the cost.

[sana8410]

The older you get the more of income you should have am I right?

Another completely logical and more reasonable assumption is that healthier people tend to be wealthier. Maybe they can afford better food, personal trainers, or whatever. They're more likely to be conscious of their body image, too - especially women. It's common for men in high business positions to wear make-up to look their best. Possibly being wealthier, is a result of looking your best, which is a result of better health.

[bryant.coleman]

Another completely logical and more reasonable assumption is that healthier people tend to be wealthier.

Well... sometimes the medical expenses can ruin you financially. I know once incident (one of my close friends) where the insurance company rejected a claim for Kidney transplant. It cost him around $300,000. He wasn't that wealthy, and his entire savings were blown away. Now he is in deep debt. Feeling bad for him.... as he is just 36 y.o.

[roslinpl]

The older you get the more of income you should have am I right?

It totally depends how smart you work.

It depends on many things - country where do you live - is perhaps  one of the most important points...

 

[noviapriani]

I'm pretty sure the last few record holding oldest people on earth were not millionaires. I wonder how big of a factor diet is.

[bryant.coleman]

I'm pretty sure the last few record holding oldest people on earth were not millionaires. I wonder how big of a factor diet is.

There is another fact though. Most of the self-made billionaires were over 60 years of age (perhaps with the exception of a very few, such as Sergey Brin, Dustin Moskovitz and Mark Zuckerberg). I will admit that there are quite a lot of young billionaires. But most of them inherited their wealth from their parents, for example Albert von Thurn und Taxis and Scott Duncan.

[counter]

All things considered the truth is this isn't the case.  If this were the case people would not be in so much debt and the problem only getting worse.