I was watching a TV show last night about the Titan...which was the Sub that was taking passengers down to look at the Titanic.....before it imploded.
Ironically, a lot of similarities between it and the Titanic, one being, both had the owner of the company on board because they were convinced it was 100% safe. Only difference being, the Owner of the Titanic got off the ship with the women and survived.
Very interesting stuff, but one thing got me thinking....it was $250k to take the trip on the Sub, per person....they claim this was in line with the price of First Class on the Titanic, but from my math, riding on the Titanic first class was more the equivalent of about $115k (pretty danged pricey).
Anyway, I digress.....my thought was on, how many millionaires now exist that would think $250k isn't too pricey for the ride. There are about 24.5 million millionaires in the U.S. alone! They say the number is skyrocketing! How soon before having a million dollars doesn't even become a measuring stick any more?
Very soon $10 million will be the new millionaire....and I mean SOON!
BTW, it takes about 17 million pesos to equal a million dollars....just wondering where we are headed.
If I'm not being clear....there is way too much money in the economy!!!
If you think you have enough to retire....refigure.,,,,just to be safe. Although, I think if you are over 75, you're probably safe. maybe.
Just my opinion, of course.
