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I'd assume there's a lot of people here who are rich. And the ones who are honest with themselves probably have enough capacity for self-reflection that they ar

I'd assume there's a lot of people here who are rich. And the ones who are honest with themselves probably have enough capacity for self-reflection that they aren't rich because they've worked for it. There's a lot of hard working talented, and well-compensated people here. But that alone doesn't make you rich, merely well-off. What makes you truly rich is investing your wealth in stocks, real estate, or being in the right place in the right time, which is the difference between the guy who built the core systems at a successful startup, and the guy who owns a significant stake of it (which might be one and the same). But being rich isn't earned in the sense that you work hard for it, you might need savvy, connections, luck, and need to fight others for money, but I'm sure most honest rich people wouldn't describe themselves as their money being the result of their hard work. And this is for self-made people. People who inherited wealth are even less responsible for their success.

no_wizard 2y ago
>I'd assume there's a lot of people here who are rich. You should define what you mean by rich. Colloquially, when speaking of 'eat the rich' its typically a reference to people with net worths exceeding 25 million or more with substantial cash generating assets there in[0]. Rather than some SWE's making 250-500K a year and perhaps retire with 5-10 million in assets with smart investments over the course of 20-30 years. This gets edged down into 'upper middle class'. Sometimes the term. 'Well off' is used (somewhat nebulously) to refer to people in that bracket. Of course there are exceptions, but these seem to be the common trends in these discussions. Therefore, I ask again, what exactly do you mean by rich? Because the most colloquial definition is unlikely to be common anywhere, even on HN [0]: Whether folks realize it or not, this is approximately where the real difference between 'well off' and truly wealthy start to set in. It differs a bit by state (in the US) and country, but its a decent enough approximation for this conversation.

no_wizard 2y ago

>I'd assume there's a lot of people here who are rich. You should define what you mean by rich. Colloquially, when speaking of 'eat the rich' its typically a reference to people with net worths exceeding 25 million or more with substantial cash generating assets there in[0]. Rather than some SWE's making 250-500K a year and perhaps retire with 5-10 million in assets with smart investments over the course of 20-30 years. This gets edged down into 'upper middle class'. Sometimes the term. 'Well off' is used (somewhat nebulously) to refer to people in that bracket. Of course there are exceptions, but these seem to be the common trends in these discussions. Therefore, I ask again, what exactly do you mean by rich? Because the most colloquial definition is unlikely to be common anywhere, even on HN [0]: Whether folks realize it or not, this is approximately where the real difference between 'well off' and truly wealthy start to set in. It differs a bit by state (in the US) and country, but its a decent enough approximation for this conversation.