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I think a better way to say this is, are you a capitalist or not. Most people are NOT capitalists (don't own capital) that they live off of.
by mempko 7y ago
I think a better way to say this is, are you a capitalist or not. Most people are NOT capitalists (don't own capital) that they live off of.
- jedberg 7y agoI guess I should have added a caveat that "my current lifestyle" needs to meet basic needs and make you at least relatively happy.
- SketchySeaBeast 7y agoThat also makes those with a truly extravagant lifestyle part of not-rich - I think you'd need to be in the billions to rich a level that you truly could maintain without working - one can always rack up an extraordinary bill buying a new personal jet or private yacht every week.
- jedberg 7y agoMy definition throws away extreme outliers of people who buy a new yacht each week. But even if you include them, I suspect someone with that much money has figured out to set aside enough to eat and have very comfortable clothing and shelter.
- SketchySeaBeast 7y ago> "Can I live my current lifestyle without regular income from a job?". If the answer is yes, then you are rich. The trick here is to make sure to keep your lifestyle costs in line with your salary when you first start out, so that as your income grows you can save. My argument was that that initial statement isn't true - the incredibly rich can live lifestyles that don't hit that criteria.