Networth at 7 years old

[JuniorLion]

My cousin's son who is 7 years old has networth of 500k. Just wondering, what was your networth at 7 if you remember.

My cousin was asking if his son is below the median.

 

[OngHuatHuat]

Can share more on how he get the networth of 500 k?

 

[reddevil0728]

My cousin's son who is 7 years old has networth of 500k. Just wondering, what was your networth at 7 if you remember.

My cousin was asking if his son is below the median.

What’s yours?

 

[polyglob]

What’s yours?

If TS is already 8 years old then not a fair comparison...

 

[reddevil0728]

If TS is already 8 years old then not a fair comparison...

TS asking others if they remb what’s their net worth at 7

 

[maumu]

is this a troll thread? why even bother entertaining?

 

[Okenba]

My cousin's son who is 7 years old has networth of 500k. Just wondering, what was your networth at 7 if you remember.

My cousin was asking if his son is below the median.

Yes. Below the median of Elon Musk's sons.

 

[BBCWatcher]

There are a very few lucky individuals born as U.S. dollar billionaires — “trust fund babies.” There are even a tiny number who are self-made millionaires before their first birthdays. (How? The baby has a famous parent, and tabloids online/offline are willing to pay a lot for baby photos.)

There are even certain jurisdictions where it’s at least difficult for a parent or guardian to steal all of a child’s self-made wealth. California has “Jackie Coogan” laws, for example.

In Singapore it’s fairly common for real estate crazed parents to set up a trust to buy property under a child’s name, primarily to avoid ABSD. I don’t think this is smart for a variety of reasons (as it happens), but it occurs.

 

[peterchan75]

In the "Parable of Talents", the master was not fair to begin with. A child does not have a choice to which family to be born in. As for money, the start matters, but the ultimate judge in the end.

 

[ahiew123]

There is a 24-hour hotline for this. TS can call 6389 2222.

 

[Shiny Things]

My cousin was asking if his son is below the median.

I want some of whatever your cousin is smoking!

The average seven-year-old has a net worth of zero plus whatever the value of a couple of well-loved teddy bears is. A 7-year-old who's worth half a mill has very rich parents who are very aggressive with their tax planning.

 

[_dXter]

"below median". Perspective?

 

[tiertime]

My cousin's son who is 7 years old has networth of 500k. Just wondering, what was your networth at 7 if you remember.

My cousin was asking if his son is below the median.

is it given by his parents ?
Are his parents very rich / some sort of celebrities ?

 

[yuzu28]

is it given by his parents ?
Are his parents very rich / some sort of celebrities ?

TS should do a poll... How many have a net worth at different age group,
0, 10, 20, 30, 40, 50...

 

[caelitus]

My son is 4+ years old. I had topped up his CPF and also started an equity portfolio for him. His net worth, inclusive of CDA, stands at S$30k.

 

[gq.ong88]

My cousin's son who is 7 years old has networth of 500k. Just wondering, what was your networth at 7 if you remember.

My cousin was asking if his son is below the median.

Shld be, i reckon ard 20th percentile only. To be median, need about 1.2mil

 

[moolala]

My cousin's son who is 7 years old has networth of 500k. Just wondering, what was your networth at 7 if you remember.

My cousin was asking if his son is below the median.

500k only ah? yesterday i earn more from GME calls