What does the top ten % of the top 1% net worth look like?

[James Park]

%                 Networth                      Estimated 5% passive income (Annual basis)

99.90 %       $30,644,280.00                   $1,532,214
99.50 %       $11,898,128.00                   $594,906
99.00 %       $7,869,549.00                     $393,477
95.00 %       $1,868,640.00                     $93,432 
90.00 %       $943,656.00                        $47,182
80.00%        $428,540.00
70.00%        $247,026.00
60.00%        $147,732.00
50.00%        $81,456.00
40.00%        $38,322.00
30.00%        $14,840.00
20.00%        $4,314.00
10.00%        -$2,066.00

Household Annual Income

99.00 %        $521,411
95.00 %        $208,810  
90.00 %        $148,688
80.00 %        $107,628

[Bryan Hancock]

Yes.....wealth generation is suprisingly simple:

1.  Spend far less than you earn

2.  Make your money grow optimally

Item 1 is very difficult in our look-at-me culture.  Earning more is a major focus of this forum, but it is FAR easier to consume less to get you to financial independence.  You have to acquire 25 or so dollars for every dollar you spend annually.  So spending fewer dollars requires you to have a far smaller amount of accumulated dollars for financial independence.  

Texas has extremely affordable housing and no state income tax.  I guess that is why 170 people a day are moving to Austin right now.  $100k+ W2 jobs are all over the place in Austin and things are affordable.  This is a pretty good recipe for wealth generation.  

To acquire assets to get to the top 1% you generally need to focus a lot on item 2 above.  That is the primary focus of BiggerPockets.  Other sites spend a lot of effort encouraging people to be frugal and achieve financial independence sooner.  Those items are fine if you're simply trying to acquire "enough" and set your goals lower.  If you're truly trying to crack into the top 1% though you better have a good strategy for making your money work for you harder than it will in the equities market.