Tell me how income of 88k translates to 1mil in liquid assets because that’s where iam and to me that is laughable. Btw I don’t support this. I pay for my own health insurance and find it disturbing what these commies are doing.
OK let me give you a couple of examples.
1. Current income is not necessarily predictive of past income. A couple could be living on the husband’s 80 K income now while the wife stays home with young children. There could have been years before when she worked too and they stashed away a good portion of her salary and invested wisely.
2. Inherited money.
3. Well timed purchase of Berkshire Hathaway stock and brains enough to avoid Jim Cramer’s advice
4. An ability to be frugal in ways that you and I cant imagine. Years ago I read about a woman who made her kids Halloween masks out of dryer lint.