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How One Purchase and Patience May Be Your Best Way To Join The 1%
According to a 2021 Knight Frank wealth report, your net worth needs to exceed $4.4 million to be in the top 1% of the world's wealth. According to Investopedia, the minimum net worth is $11.1 million in the top 1%. Considering a vast amount of wealth has been wiped out this year, let's assume the figure is somewhere around $4–$7 million. I'm not too close to this figure (yet). How about you?
Fortunately, being in the top 1% of wealth holders isn't the highest aspiration in my life. But it sure would be nice. It’s a comforting thought to imagine not stressing about paying for my children's college tuition and not worrying about bills increasing each year, easily affording the best health care, and taking vacations to exotic places where people speak different languages. My wife could get an overpriced purse, and I could have a proper mid-life crisis with a stylish sports car I struggle to get in and out of. Instead of Mcdonald's and Chick Fil-A, we could dine in fine restaurants offering bottled water and not displaying prices on their menus.
It's challenging to imagine joining the top 1% by writing here on Medium. Even the leading writers churning out multiple great pieces daily aren't earning enough to get them into this elite club of 78 million. To be in the top 1% of earners in America, you must earn…
