recovering economist
It tells you everything you need to know about my financial personality that I would prefer option two here.
Which option would you go with?
$600,000 house in Texas or the like
$100,000 car (x2)
$200,000 invested in Dorchester Minerals and my base
= $1,000,000
$150,000 house in Texas or the like
$25,000 car (x2)
$800,000 invested in Dorchester Minerals and my base
= $1,000,000
If you want to know how to not be poor in America, look no further.
Of course, by poor, I mean “poor.”
(You need $34,000 annually to be part of the global 1%. So poor is relative.)
The good news is that the Brookings Institue has studied this issue extensively.
They found that if you do these three things, you have an extremely low chance of living below the American poverty line.
Sounds straightforward to me.