So, income producing rental properties are excluded yet companies are not?
What if the real estate is in an LLC or other corporate entity?
Do they really mean Excludes personal residence?
This is not a net worth report.
I presume the intended audience of the source study are entities that provide capital investment and seek investors. That is why this report only includes liquid investments as criteria and the threshold is $1M, per an SEC criterion to be an accredited investor.
So…then Houston has way more Millionaires (per Net Worth calculations) than this study.
If you have a college degree, having a net worth of at least a million dollars shoud be very attainable by age 65
Unless you go to some loser commuter school. Right?
Which loser commuter school are you referring to?
I know many UH grads easily become millionaires…or multi millionaires. The problem is they do so with little connection to their alma mater so few give back which is consistent with other P4 schools
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