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16 May 14
11:44
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Date Joined:
21 May 10
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http://www.telegraph.co.uk/education/universityeducation/10834895/One-in-five-university-graduates-become-millionaires.html
http://www.telegraph.co.uk/education/universityeducation/10834895/One-in-five-university-graduates-become-millionaires.html
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Replies: 11
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the other 4 work for mcdonalds
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Yes - I doubt the figures for graduates will be as high in 10-20 years time (allowing for inflation). Everyone seems to go to university these days
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They are all Chinese!
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buy 3 or 4 horses run them round the gaffs get a bit of form then lay them
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Most millionaires have gad a good start given to them by their parents.
Others simply inherit their wealth. I should imagine the two go together in many cases. I'd like to see the figures for degree holding millionaires who built up their wealth from scratch, without any help from their parents. I doubt that there would be many of them. |
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sue your boss
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You have to love some stats and how misleading they can be.
The numbers don't include mortgages that people may have.... Yes I have this million pound house but have a £800k mortgage on it...millionaire you are then. Completely agree Dr Crippen. Very few will have made a million in their own right. |
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Renter vs Home owner has a far superior impact on wealth than any school education imo
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Tom...completely agree...ridiculous to call someone a millionaire without taking into account their debt. Poor journalism, to use the phrase "net worth" while admitting that the figures don't take into account outstanding mortgages. Based on their logic someone with a £500k mortgage debt on a £600k house is richer than someone with a £50k mortgae debt on a £400k house.
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theyre nearly all foreign students with millionaire parents 1.01
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And of course, inflation means being a millionaire is not what it was. Anyone with a big house will be half-way there.
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