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Old 11-12-2020, 12:43 PM   #16683
Hondaracer
I have named my kids VIC and VLS
 
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Problem is many of them don’t live within their means and carry insane debt. Speaking on a purely anecdotal basis a buddy of mine is pretty high up at RBC DS, he said the amount of liquidity some of these ultra high earners have is next to zero after factoring in huge mortgages, dual BMW leases, country club membership, etc.

Not to say they can’t buy the house, but it’s just a fairly tenuous situation in a lot of cases
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