Saw so many nice beach houses and yachts in Miami (my first time there). Made me wonder what they all do for a living to afford that kind of lifestyle 😭

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Ever watch Miami Vice? Lots of snow flowin thru Miami...

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Foreign investment, business owners. Nobody works at consulting can ever get there

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They definitely made riskier moves than anyone who is in this industry.

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So I grew up outside the US, but we have a vacation beach house in Miami, among others. Both parents are doctors with private practices.

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Rob their South/Central American citizens. A big portion of the money in Miami is people who made it elsewhere but can't/won't spend it at home. The economy is good in Latin America these days (barring Venezuela of course) so the money is really flowing in South Florida.

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A2 can the parents adopt me?

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C o c a i n e

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@BCG1 I don't think that's true. The IMF ranked LATAM as the slowest growing economy in the world over the last 12 months, followed by the Middle East.

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Yep. People don't make money in Miami. They spend money in Miami. How they got it is all over the map.

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They live start by living in cheap places, save, and then invest. Prob

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2-3M+ depending on the year

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Independent wealth. Don't forget about people who live off of interest.

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I ask this every time I go.

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A2 how much do your parents make per year?

A1, are we talking about startups, MDs at investment banks, private equity partners, or more athletes/musicians etc.

A2 that's pretty solid. Don't think anyone can touch that kind of money in consulting unless you're the CEO of one of the major firms

Agree with BCG1. The median income in the Miami-dade county is not very high. The Reality is there is a small Group of the ultra rich, while most still work in the tourism industry.

I was thinking of a slightly longer timeframe, more like last five years. The last twelve months Brazil's continued decline and the Venezuelan shit show have hurt the region overall. Before that the region had a pretty good run. Graft doesn't stop when the economy is bad, good economies just make it easier to hide.

What do we need to do to get to that level?

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