you get Richer as the Older You’ll Get

[activebiz]

 most people believe this to be true. I think its because older ppl have done more jobs than the young

[noviapriani]

Maybe I'm just stating the obvious, but there probably is also a correlation between the quality of one's diet and the level of education. Education in turn is correlated with income. But I don't think that can explain the difference between the 91-100% and the 81-90%.

[sana8410]

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.

I'm guessing it's not a huge factor. Being wealthy often has an effect of being conducive to a strong commitment to a realm. So you're well-to-do here on Earth, so it's in your best interest to stick around and to try to enjoy it as long as possible.
On the other hand, generally a materially-oriented poor person will think, "there is nothing for me here, and it won't be so bad to move on to something else." This thinking will lead toward more reckless behavior, even if nothing else. In reality such thinking will actually change your being in a very profound way and without any reckless behavior it can create a bad circumstance.
But people are complex. Some very poor people can live for 120 years. A very rich person can die in their 30's or 40's from a drug OD, or from reckless driving in a Ferrari, or from pissing off an immoral business/political opponent and getting a hit put on you, to name just a few possibilities. Some people stick around because they want to see their grandkids, and they'll be damned if they die before then. Then as soon as their grand kids reach 5 years of age, they think, "I'm done here" and die.

[counter]

Maybe a few decades or so ago that was the case but I don't think that claim could be so easily made currently.

[Swordsoffreedom]

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

Partially but you also get more debt paying of the house or the mortgage is the biggest one then the car
In essence they have your soul different form of debt bondage

[boumalo]

The older someone is the bigger chances are his parents died so the bigger chances are he inherited

If you build a career, odds are you will get more income as you get older; if you invest wisely you will get wealthier as you get older as well

[bryant.coleman]

The older someone is the bigger chances are his parents died so the bigger chances are he inherited
If you build a career, odds are you will get more income as you get older; if you invest wisely you will get wealthier as you get older as well

Most people inherit property from their parents when they are in their 30s or the 40s, and not in their 60s and the 70s. The latter part is also doubtful. Most of the people retire after working up to 55 or 60 years age.

[zolace]

Or maybe people with money have more opportunities to make healthier life decisions due to a different set of life stresses (how will I look at this social function versus how will I keep the lights on and the kids fed).

[boumalo]

Or maybe people with money have more opportunities to make healthier life decisions due to a different set of life stresses (how will I look at this social function versus how will I keep the lights on and the kids fed).

When you are less worried about survival you can concentrate on other things

The older someone is the bigger chances are his parents died so the bigger chances are he inherited
If you build a career, odds are you will get more income as you get older; if you invest wisely you will get wealthier as you get older as well

Most people inherit property from their parents when they are in their 30s or the 40s, and not in their 60s and the 70s. The latter part is also doubtful. Most of the people retire after working up to 55 or 60 years age.

Do you mean in the states? In western countries or in the world?

In Europe people may inherit something at 30 but their parents die when they are 55-60

The older you are the more chances you inherited so I think it support OP statement

[counter]

Maybe it is a mindset that you get when your older that makes you better to gain wealth, generally speaking.

[Swordsoffreedom]

Maybe it is a mindset that you get when your older that makes you better to gain wealth, generally speaking.

Think its just the older you get the better the chances and opportunities to acquire money you get

[validium]

As time goes by, the more experience you gain, the wiser you become.

[bryant.coleman]

Think its just the older you get the better the chances and opportunities to acquire money you get

Career prospects actually decrease once you cross 45 years or so. I am not talking about the top management positions, but about the middle level and lower level occupations.

[Little P 1]

Age matters but doesn't always help.

I know so many old poor people who come to me looking for Investment advise.

By that time its too late for most of them.

What use is a 10 year mutual fund investment at 83 ?

Kr,

Malcolm O

www.cryptovest.co.uk

[bryant.coleman]

What use is a 10 year mutual fund investment at 83 ?

Their children and grand-children would benefit out of it. For example, if someone is 83 year old, and believes that his heirs will irresponsibly spend all his wealth if he gives to them in cash and property, would opt for a 10-year mutual fund investment which can't be closed prematurely.

[Little P 1]

Their children possibly.

However I was talking about them not their children or loved ones.

Their children would also benefit from inheritance tax on the investment holdings.

Kr,

Malcolm O

[umair127]

Well if your smart you would put life insurance on your parents if they dont have any, then after you pay they pass you will be 100,000 richer by time your older,  I heard many americans are doing it like this to have extra at retirement.  Better then playing lottery

[Little P 1]

Please don't hate me.

Insurance companies are not dumb.

The life insurance usually is to cover the mortgage or working income.

So its great if they purchased it when they were younger 30-50.

But if they are 80 and ask for life insurance... they will not get very far I promise you that.

Also again its the elderly person we are talking. Not their spouse or their children.

What if they have no children and no wife/husband ?

Its sad but it happens alot.

Kr,

Malcolm O

[bryant.coleman]

Insurance companies are not dumb.

I agree. Especially the American insurance companies. That's why I hate them so much. And I am not just talking about the life insurance. Look at the Mediclaim / health insurance also. Is it even possible for a 80 year old to get a decent Mediclaim?

[Little P 1]

>.>  ...

I won't lie 85% of the products are rip offs however there are some bargains out there but its all about shopping around and negotiating. ( Very few do either)

The only times I have heard of great deals on insurance is when the 80 year old already rich.

Kr,

Malcolm O