I am the 1 Percent

by JT McGee

No. I’m not.

But this guy is – I am the 1%.

I love this guy. A new blogger, he’s already tearing it up. I only wish I had thought of it sooner. Just think how fun it would be to be a college student living a second life online, writing from the viewpoint of a leveraged millionaire (see his net worth page) in the top 1% of income earners in the United States. Fun, right? (I’m not saying he isn’t a 1 percenter, just saying how I am not – but I could have fun pretending!)

What I really dig is his cold honesty. I suppose that’s the benefit of full-on anonymity. It’s gold!

Check out this exchange from his post about cars:

Emphasis (red) is all mine.

This just cracks me up. Look – you may not agree with him, but anything he ever posts is certain to be controversial, just because of his reported wealth. This will be a fun blog to read. Frankly, he should be a welcomed member in the personal finance community, given that people with similar-sized, self-reported wealth are still more likely to talk about coupons or frugal ways to vacuum an area rug than which luxury car is the best choice for car shoppers.

Here’s to you, the 1 percent. And no, this isn’t just an attempt at some hedge fund seed capital. But you know where to find my contact page. 😉

{ 20 comments… read them below or add one }

I Am 1 Percent February 16, 2012 at 08:11

Thanks for recognizing my site! I look forward to some healthy discussions! I’m loving your site…on my blogroll now

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JT McGee February 16, 2012 at 16:04

I’ll add you to the blogroll here, as well. I never remember to keep up with that thing. Keep on, keepin’ on – you have a really cool thing going on over there!

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tom February 16, 2012 at 09:22

You know more about the financial markets than most people in investment banking and you’re not even out of college.

You’ll soon be in the 1%, until then… live it up at school.

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JT McGee February 16, 2012 at 16:02

By the time I get out there will be no high comp to be found in finance. No love for Wall Street from DC. 😉

Do you know any investment bankers?

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Tekgems February 16, 2012 at 10:23

Suck up

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JT McGee February 16, 2012 at 16:03

I love you. Without a thorn in my back, I’d never know what it was like to go days without it. Truly, I appreciate every one of your comments – and I look forward to more!

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bax February 16, 2012 at 16:02

Paul Allen got chewed out once for throwing a multi-million dollar Christmas party for his employees. His response? “As a percentage of my money, that cost less than a teacher buying a latte.”

Gotta love it!

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JT McGee February 18, 2012 at 15:49

Zing! Paul Allen’s one tough cookie. I don’t think there is anything wrong with having an expensive party for employees. Morale is a great investment.

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PK February 17, 2012 at 00:54

+1 loving the site.

Reminds me of an argument about how even if the late Steve Jobs didn’t donate any money directly to charity (A dubious assumption… Also, true charity is anonymous!) he has made more difference in the lives of more people than most philanthropists.

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JT McGee February 18, 2012 at 15:47

Bingo!

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Squirrelers February 17, 2012 at 01:24

Thanks for introducing me to that site. Though I’m a 99% person, it still looks like it’s time to get out the popcorn and watch the show:)

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JT McGee February 18, 2012 at 15:47

It’ll surely be a show. I’m already in love with the comments on the net worth page, especially those concerned about his debt load. Sigh…

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20's Finances February 17, 2012 at 07:43

I know you won’t believe me, but I told my wife months ago that my 2nd website should be from the perspective of a multi-millionaire, even though I’m not. I decided not to do it because I thought it would be too hard to come up with material. With that said, I am glad someone is taking the opportunity (whether or not he’s really in the 1%) and running with it. Looks like a great site!

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JT McGee February 18, 2012 at 15:47

I believe you. Simply reality is that as your income and wealth go up, more people care to hear what you have to say.

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John | Married (with Debt) February 18, 2012 at 12:02

Anyone reading this is probably in the top 1% of the world, so I’m not so sure that playing along with labels and stereotypes tells us very much. I guess class warfare works both ways.

I don’t begrudge anyone for what they have, even if they did nothing to get it. The webmaster at this 1% site (and his wife), worked really hard to get where they are and they deserve every dollar they have.

The only real problem our country has it that the smarter, wealthier, and more ambitious people sent away all the jobs for people who just aren’t that smart, or just want to work 9-5 and have a beer at night. Now they are $hitting their pants because there is no one to buy the products they (read: China) make.

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JT McGee February 18, 2012 at 15:45

You can say “shit” here – I won’t get upset. 😉

Actually, I’m in agreement with your assertion that we have a knowledge gap that in some respects does create a wage gap. Manufacturing is very valuable for providing work to people who have no interest nor capacity to “improve” their skills for higher-paying service jobs. Also, geography – the high-paying service jobs do not exist in areas where manufacturing could and should remain supreme, the middle coast!

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Don February 18, 2012 at 14:36

“I only wish I had thought of it sooner.”

Me too, I wrote enough positive articles about the 1% (and rich), but didn’t think of create such a website…

I guess it’s not too late to do a “Iamthe53percent.com” representing those that are lumped in the the 99% against their will. (grrrr)

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JT McGee February 18, 2012 at 15:48

Sorry, Don – I don’t think the 53% has as much of a draw. Class warfare isn’t over yet. If the wealth gap widens, you might be able to capitalize on the next movement – the 99.5%!

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Financial Samurai February 23, 2012 at 00:33

The site will be a good read. I wish he was the 1% though. He uses a $1 million net worth that includes his wife’s assets as well. Either way, I’m looking forward to fireworks!

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Matt @ RamblingFever Money February 23, 2012 at 08:51

Thanks JT. I too am now following this guys blog. I love the 1%ers and will always fight for their cause. It will be refreshing to read a blog that is NOT about saving money and being frugal all the time. Good stuff.

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