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Joshua Kennon
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Daily Archives: November 4, 2010

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Social Mobility and Upward Mobility in the USA

Social Mobility In the United States

EconomicsBy Joshua KennonNovember 4, 20102 Comments

A question about social mobility was posed to me as follows: Do you think that you ever oversimplify the ease of social mobility and financial success? I think that if you’re at least mildly intelligent, hard working, and have a knack for perseverance, your advice is excellent, even life-changing. But I think about some of…

Newport Coast Mansion

Does Successful Investing Mean You Have to Live Like a Pauper?

Saving MoneyBy Joshua KennonNovember 4, 20103 Comments

A couple of weeks ago, Kwame sent me a question.  I’ll paraphrase here: Joshua you made a statement, “The people who continue to compound, like those who end up on the Forbes list, are motivated by building something rather than cash”. Many times I have read about great business people and one thing I hear,…

Mean and Median Household Net Worth in the United States

Mean and Median Household Net Worth By Age

EconomicsBy Joshua KennonNovember 4, 2010Leave a comment

Household net worth is the value of assets such as a house, car, stocks, retirement accounts minus debts, mortgages, credit card debt, etc.  The median figure is what matters – it is the point at which half of people are richer than you and half are poorer than you.  Mean is meaningless because people like…

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