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why am I still in IT

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Old Oct 17, 2006 | 03:28 PM
  #1  
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why am I still in IT

http://money.cnn.com/2006/10/17/news...ex.htm?cnn=yes

man, those damn traders and bankers... maybe I should go upstairs to join them.
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Old Oct 17, 2006 | 04:08 PM
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How about realitor? make 6% of each sell. 6% of a $350,000 house is $21,000. And that is just one house. You sell couple of these this year, you don't have to work for the following year.
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Old Oct 17, 2006 | 04:45 PM
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Originally Posted by bz268
How about realitor? make 6% of each sell. 6% of a $350,000 house is $21,000. And that is just one house. You sell couple of these this year, you don't have to work for the following year.


Sorry, but that's not how it works. Out of the 6% commission the sales agent gets for selling a home, half goes to the buyers agent... so that's 3% out the door. Then the real estate office you work for takes anywhere from 2% to 2.5% leaving you making anywhere from 1/2% to 1%. If you're lucky you'll work for an office that only takes half... leaving you with 1.5%, but that's rare.

So, sell a $350k home and at 1.5% you get $5250, at 1% you get $3500... and that's before taxes. Additionally a good agent typically spends between $500 and $1000 promoting the house. We are thinking of selling, and our friend who's an agent says within 5 days of signing she'll spend $1000 promoting our house including but not limited to, virtual tours, advertising on websites, curbside flyers, postcards around the area, a bound information packet in the home, and so on. Plus, as a realtor you don't have any benefits like medical, dental, vision, or 401k plans, and so on.

So having a good corporate job blows away being a realtor any day unless you're willing to bust your ass 7 days a week 8-12 hours per day to make sure you get a ton of sales per month. Eventually you won't have to work so hard b/c you'll get referrals, but it takes years to get to that point...
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Old Oct 17, 2006 | 04:52 PM
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Originally Posted by bz268
How about realitor? make 6% of each sell. 6% of a $350,000 house is $21,000. And that is just one house. You sell couple of these this year, you don't have to work for the following year.

That's in a perfect world when you own the firm, in reality your seldom the listing and selling agent so your comission is cut in half off the bat to 3% and typically your firm gets half of your cut either way. So that great 6% turns into 1.5% real quick for most realtors, look at the volume of realtors in this country, most of them don't make much at all, the market for that profession is close to(if not there already) saturated. Also look at most realtors, I am sure we all know a few, are they living much if any better then the rest of us? Not the 30 or so that I know, in fact over half of them can't make enough to do it as a full time job.

Banking and finance is where the money is at in this country right now(assuming you are coming in on the ground floor). It won't stay that way forever, but its not going any where any time soon.
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Old Oct 17, 2006 | 04:53 PM
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Originally Posted by juniorbean


Sorry, but that's not how it works. Out of the 6% commission the sales agent gets for selling a home, half goes to the buyers agent... so that's 3% out the door. Then the real estate office you work for takes anywhere from 2% to 2.5% leaving you making anywhere from 1/2% to 1%. If you're lucky you'll work for an office that only takes half... leaving you with 1.5%, but that's rare.

So, sell a $350k home and at 1.5% you get $5250, at 1% you get $3500... and that's before taxes. Additionally a good agent typically spends between $500 and $1000 promoting the house. We are thinking of selling, and our friend who's an agent says within 5 days of signing she'll spend $1000 promoting our house including but not limited to, virtual tours, advertising on websites, curbside flyers, postcards around the area, a bound information packet in the home, and so on. Plus, as a realtor you don't have any benefits like medical, dental, vision, or 401k plans, and so on.

So having a good corporate job blows away being a realtor any day unless you're willing to bust your ass 7 days a week 8-12 hours per day to make sure you get a ton of sales per month. Eventually you won't have to work so hard b/c you'll get referrals, but it takes years to get to that point...
Damn your post went up while I was in the bathroom
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Old Oct 17, 2006 | 06:38 PM
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hmm... how come my friend drives a Mecedes S600 and has a big ass house, and he brag about his job all the time???
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Old Oct 17, 2006 | 07:45 PM
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Originally Posted by bz268
hmm... how come my friend drives a Mecedes S600 and has a big ass house, and he brag about his job all the time???
To make him feel better about himself by making you feel stupid?

Which doesn't seem that hard to do.


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Old Oct 17, 2006 | 08:35 PM
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this is why you're still in IT (if you're in sofware dev.)

http://money.cnn.com/magazines/moneymag/bestjobs/
MONEY Magazine and Salary.com researched hundreds of jobs, considering their growth, pay, stress-levels and other factors. These careers ranked highest. (more)
1. Software Engineer
2. College professor
3. Financial adviser
4. Human Resources Manager
5. Physician assistant



1. Software Engineer
Why it's great Software engineers are needed in virtually every part of the economy, making this one of the fastest-growing job titles in the U.S. Even so, it's not for everybody.

Designing, developing and testing computer programs requires some pretty advanced math skills and creative problem-solving ability. If you've got them, though, you can work and live where you want: Telecommuting is quickly becoming widespread.

The profession skews young -- the up-all-night-coding thing gets tired -- but consulting and management positions aren't hard to come by once you're experienced.

What's cool Cutting-edge projects, like designing a new video game or tweaking that military laser. Extra cash from freelance gigs. Plus, nothing says cool like great prospects.

What's not Jobs at the biggest companies tend to be less creative (think Neo, pre-Matrix). Outsourcing is a worry. Eyestrain and back, hand and wrist problems are common.

Top-paying job Release engineers, who are responsible for the final version of any software product, earn six figures.

Education Bachelor's degree, but moving up the ladder often requires a master's.
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Old Oct 17, 2006 | 10:18 PM
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Look up long term leases for autos and pay option, no-down mortgages.
Bet his nut on the MBZ is at least $1000/mo.

Or perhaps he had a few good months and made a pile of cash. Watch him and listen over the next six months if he didn't do it right.

Originally Posted by bz268
hmm... how come my friend drives a Mecedes S600 and has a big ass house, and he brag about his job all the time???
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Old Oct 18, 2006 | 05:58 AM
  #10  
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Originally Posted by bz268
hmm... how come my friend drives a Mecedes S600 and has a big ass house, and he brag about his job all the time???
Those who have to tell you how great they are usually aren't that great.

Those who are great, have no reason to tell you because who they are and what they are capable of speaks for itself.
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Old Oct 18, 2006 | 06:21 AM
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Thank god I married the right one....
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Old Oct 18, 2006 | 06:28 AM
  #12  
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Originally Posted by bz268
hmm... how come my friend drives a Mecedes S600 and has a big ass house, and he brag about his job all the time???
some realtors make alot of money (just like some salesmen). The avg realtor doesn't make alot (maybe 30-40k on avg).

The problem with realtors is theres no barrier to entry (you can become a realtor within a couple of months), so a there's a ton of realtors around (alot of whom had other jobs and decided to become realtors when the housing market was high and they're jobs got downsized).
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Old Oct 18, 2006 | 09:51 AM
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Originally Posted by bz268
hmm... how come my friend drives a Mecedes S600 and has a big ass house, and he brag about his job all the time???
Can be one of three things...

1) He's been in the game a long time and owns his own office.
2) He has a huge mortgage and car payment and is living beyond his means
3) He's one of the few very successful agents

I know many people who have nicer cars then we do, and a larger house then us, yet, we make more money then they do and more in the bank. They're also living with $5k-$6k per month mortgages where we are under $1950/mo and have no car payments. So sometimes appearances do not mean anything.


Originally Posted by Tireguy
Those who have to tell you how great they are usually aren't that great.

Those who are great, have no reason to tell you because who they are and what they are capable of speaks for itself.


One of the mottos I live by... "Those who know, don't talk". Basically, like you said, if they are great and they have "it", they don't need to tell everyone. They just do what they do. It's the one's that talk who are full of shit.
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Old Oct 18, 2006 | 12:30 PM
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Originally Posted by Slinks

The problem with realtors is theres no barrier to entry (you can become a realtor within a couple of months), so a there's a ton of realtors around (alot of whom had other jobs and decided to become realtors when the housing market was high and they're jobs got downsized).

He said that new guys had to work their way up. Company did not give good house/area to the new guys. He also said that new guys had to work in the crappy area for at least 2 years before the company gave them something nicer. Many times they had to "buy" the way up he said.
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Old Oct 18, 2006 | 01:16 PM
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Originally Posted by juniorbean
I know many people who have nicer cars then we do, and a larger house then us, yet, we make more money then they do and more in the bank. They're also living with $5k-$6k per month mortgages where we are under $1950/mo and have no car payments. So sometimes appearances do not mean anything.





One of the mottos I live by... "Those who know, don't talk". Basically, like you said, if they are great and they have "it", they don't need to tell everyone. They just do what they do. It's the one's that talk who are full of shit.
But you're doing just what you say you don't do? I think you're a good guy JB but sometimes you tend to flaunt what you have or are going to have a bit much. Cars, tvs, the new $500,000 house you're buying.
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Old Oct 18, 2006 | 01:16 PM
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Originally Posted by bz268
hmm... how come my friend drives a Mecedes S600 and has a big ass house, and he brag about his job all the time???

The housing market in CA during the last 4 years has been far beyond average. And now we are in for a cooling market, which will hurt everyone in real estate.

Tell us what car your friend is driving next year, my money is on something more economical by that time
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Old Oct 18, 2006 | 01:39 PM
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Originally Posted by NSXNEXT
But you're doing just what you say you don't do? I think you're a good guy JB but sometimes you tend to flaunt what you have or are going to have a bit much. Cars, tvs, the new $500,000 house you're buying.
That's a huge negative. I never talk about what I have unless I'm asked b/c I never want it to look like I'm flaunting anything. I know what I have, I know that there are people on here who have more, while others may not. Personally I don't care b/c I'm not out to impress anyone whether online or in the real world (but especially online)... which is why I stay away from stuff like that. I make a very conscious effort to not talk about stuff unprovoked for the precise reason that I do not want to come off that way b/c that is not how we are. When participating in online forums it's a fine line between talking about stuff and flaunting it, and I always make sure I'm on the side of tact. Was Astro flaunting when he posted pics of his TL-S and his other toys? Nope, he was just sharing b/c he was comfortable on here and people asked for the pics. Is Tbone or Dallison flaunting when they post up pics of their homes? Nope, they're just sharing as well. I do not see a difference and most people do that.

As for the TV... I did create one topic when I bought the plasma earlier this year, but no different then everyone else posting topics about them buying TVs . If I comment about a technology people used to reply questioning the opinion, so now I may mention I own a certain one so they know my opinion is based on experience, but it's always done in passing and is never the focal point of the topic. It's just used to prove a point or example... same as all of the others do when they post about their experiences with a particular set. People do know that I am a Sammy fan and like staying up on TV technology, in fact, I get emails, PMs and IMs from people looking for my opinion on something. So yes, I post in that forum a lot b/c I enjoy it (afterall, it was my suggestion to create it b/c I do enjoy it), but aside from one TV topic, typically I just respond with opinions and advice.

I don't talk about cars anymore then anyone else on here. It is a car forum afterall. I haven't even owned my own car since I sold my TL-S in May since I work from home. Maybe I replied with stuff about cars I'm interested in in topics live Gav's when he went out and drove a bunch of high-end cars, but so did many others.

The house topic was looking for opinions. You'll notice I never mentioned prices or any other exact numbers for the reason that it's irrelevant and it may come across the wrong way. I was simply looking for outside opinions b/c we really are torn and I wanted to hear a variety of feedback from people other then my friends and family (although I wish it was near the price you mentioned, b/c then it wouldn't be much of a decision). If I wanted to flaunt I'd throw numbers out there left and right and be like, we're looking to spend this much on a house, blah blah blah, but I don't and I almost never do (with the exception that I have mentioned what we bought our first home for, but since that was 4 years ago when we went to contract, I figured statute of limitations allows it). That topic was also really not all that different then all of the other house topics in H&G when people talk about buying a home or show pics of their house under construction, etc.

So honestly, I have no idea what you're talking about. Between this topic and the one in Car Talk when I was giving that dude advice with about half a dozen other guys (yet you singled out my reply), I'm not sure what your problem is lately. But each time you've come at me with something they seem to be out of left field accusations with little to no validity.

.

Last edited by juniorbean; Oct 18, 2006 at 01:44 PM.
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Old Oct 18, 2006 | 01:44 PM
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Old Oct 18, 2006 | 01:47 PM
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Originally Posted by NSXNEXT
But you're doing just what you say you don't do? I think you're a good guy JB but sometimes you tend to flaunt what you have or are going to have a bit much. Cars, tvs, the new $500,000 house you're buying.

The turth is, I could fuckn bury all of you with my money. i just dont talk about it
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Old Oct 18, 2006 | 01:55 PM
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Originally Posted by fdl
The turth is, I could fuckn bury all of you with my money. i just dont talk about it



And boy, these realtors are pissed....
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Old Oct 18, 2006 | 02:00 PM
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I think its whiskers wife who could bury us all with money.
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Old Oct 18, 2006 | 02:01 PM
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Originally Posted by dom
I think its whiskers wife who could bury us all with money.

Maybe I should hire her as my shoe shine lady. Whiskers can do her shoes.
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Old Oct 18, 2006 | 02:01 PM
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Originally Posted by dom
I think its whiskers wife who could bury us all with money.
But I get all the abuse...
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Old Oct 18, 2006 | 02:02 PM
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bankers: lots of money, shitty life
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Old Oct 18, 2006 | 02:10 PM
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I am willing to be buried in money.
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Old Oct 18, 2006 | 02:22 PM
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Originally Posted by Dan Martin
I am willing to be buried in money.

Are pennies OK?
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Old Oct 18, 2006 | 02:30 PM
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Originally Posted by fdl
Are pennies OK?
US or CDN?
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Old Oct 18, 2006 | 02:34 PM
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LOL, thread turn out of nowhere. Gotta love AZ
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Old Oct 18, 2006 | 02:35 PM
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Originally Posted by fdl
The turth is, I could fuckn bury all of you with my money. i just dont talk about it
See, and deep down I knew this. That's why I never pushed for your picture... b/c once the cat is out of the bag... it's never going back in
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Old Oct 18, 2006 | 02:36 PM
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Originally Posted by Dan Martin
US or CDN?
Canadians have penises???
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Old Oct 18, 2006 | 02:39 PM
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Originally Posted by Whiskers
Canadians have penises???


> >A Canadian man was having coffee and croissants with butter and jam
> >in a Tim Horton's, when an American man, chewing gum, sat down next
> >to him.
> >
> >The Canadian man ignored the American, who, nevertheless started up
> >a conversation.
> >
> >The American snapped his gum and said, "You Canadian folk eat the
> >whole bread?"
> >
> >"Of course."
> >
> >The American blew a huge bubble. "We don't. In the States, we only
> >eat what s inside. The crusts we collect in a big container, recycle
> >them, transform them into croissants and sell them to Canada."
> >
> >The American had a smirk on his face. The
>Canadian listened in
> >silence. The American persisted.
> >
> >"Do ya eat jelly with the bread?"
> >
> >Sighing, the Canadian replied, "Of course."
> >
> >Cracking his gum between his teeth, the American said, "We don't. In
> >the States, we eat fresh fruit for breakfast, then we put all the
> >peels, seeds and leftovers in containers, recycle them, transform
> >them into jam and sell it to Canada."
> >
> >The Canadian then asked, "Do you have sex in the States?"
> >
> >The American smiled and said, "Why of course we do."
> >
> >The Canadian leaned closer to him and asked, "And what do you do
> >with the condoms once you've used them?"
> >
> >"We throw them away, of course," said the American.
> >
> >Now it was the Canadian's turn to smile. "We don't. In Canada, we
> >put them in a container,
>recycle them, melt them down into chewing
> >gum, and sell them to the United States
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Old Oct 18, 2006 | 02:40 PM
  #32  
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^^5/10
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Old Oct 18, 2006 | 03:15 PM
  #33  
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AHH joke would of been better if he would of said that in canada they dont use condoms cuz everyone has health insurance.
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Old Oct 18, 2006 | 03:19 PM
  #34  
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Originally Posted by GunnmeTaLCURA04
AHH joke would of been better if he would of said that in canada they dont use condoms cuz everyone has health insurance.

And apparently free abortions.
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Old Oct 18, 2006 | 03:30 PM
  #35  
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I love IT work, been in it for 9 years. Just today i got to watch a user who wears velcro shoes and is a very special guy, take apart his optical mouse because we didn't give him a replacement fast enough, and clean the WHOLE inside of the mouse with half a bottle of 409!!!! Gotta love days like this
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Old Oct 18, 2006 | 03:38 PM
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Originally Posted by 97BlackAckCL
I love IT work, been in it for 9 years. Just today i got to watch a user who wears velcro shoes and is a very special guy, take apart his optical mouse because we didn't give him a replacement fast enough, and clean the WHOLE inside of the mouse with half a bottle of 409!!!! Gotta love days like this
I had no idea that the special olympics had an office...
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Old Oct 18, 2006 | 03:41 PM
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Originally Posted by Slinks
http://money.cnn.com/magazines/moneymag/bestjobs/
MONEY Magazine and Salary.com researched hundreds of jobs, considering their growth, pay, stress-levels and other factors. These careers ranked highest. (more)
1. Software Engineer


Is this study meant for people living in India? Since that's where most of those jobs end up... haha
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Old Oct 18, 2006 | 04:28 PM
  #38  
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Originally Posted by SiGGy


Is this study meant for people living in India? Since that's where most of those jobs end up... haha


Maybe it is from 1999?
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Old Oct 25, 2006 | 06:50 PM
  #39  
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Revolt of the fairly rich

http://money.cnn.com/magazines/fortu...ex.htm?cnn=yes


Lower upper middles of the world, UNITE!
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