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Rich people have money, wealthy people have assets. Rich people have high incomes, wealthy people own a lot of valuable things (properties, land, art, stuff th
by theshrike79 4y ago
Rich people have money, wealthy people have assets.
Rich people have high incomes, wealthy people own a lot of valuable things (properties, land, art, stuff that keeps its value).
New money vs old money/generational wealth pretty much.
- throwaway60607 4y agoWell I think I meant something in between. You don't need to be from old money to get a property in Monaco and much less in other places in EU - I got several, and I started literally from 0. And you definitely don't need to be from old money to rent an apartment in Monaco for half a year. A senior software engineer (contractor) could afford it and would profit from the operation if they live in Scandinavia/Germany/Austria/France. I have a good enough tax regime where I live in Central Europe - for 2022 I paid 8% including income tax, health and social insurance. But I'd definitely consider doing this if it was over 20%.