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Rich doesn't have to mean billionaire. Now look at the number of millionaires in the US, ~22 million or 8.5% of the population. https://en.wikipedia.org/wiki/L
by satvikpendem 2y ago
Rich doesn't have to mean billionaire. Now look at the number of millionaires in the US, ~22 million or 8.5% of the population.
https://en.wikipedia.org/wiki/List_of_countries_by_number_of_millionaires https://en.wikipedia.org/wiki/List_of_countries_by_number_of...
- PaulHoule 2y agoSome people are going to argue that a millionaire isn't really "rich". It's not that hard to become a millionaire if you make a decent income, sock a lot away, and invest in stocks in the 1930-2024 time frame. [1] You'd be pretty old when you make that milestone though. I think the OP wants to be rich when he's young. [1] https://www.amazon.com/Millionaire-Next-Door-Surprising-Americas/dp/1589795474 https://www.amazon.com/Millionaire-Next-Door-Surprising-Amer...
- scarface_74 2y agoStatistically, which do you think is a better way to get to $1 million? Working for BigTech or equivalent or starting your own business?
- scarface_74 2y ago“there were 56 million people worldwide whose assets exceeded one million US dollars” That doesn’t take starting your own business or even working for one of the top paying companies. If you bought a house ten years ago in an area with rapid price appreciation - congratulations you are now close to a million easily. Now if you work for any of the tech companies that pay top of market for a few years and live below your means, reaching 1 million is even easier.
- satvikpendem 2y agoIndeed, that's my point. It is statistically unlikely to do well enough in business to get to 1 MM compared to working for a living.