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They’re asset millionaires and maybe gross revenue millionaires, but not typically net income millionaires.
by staticautomatic 21d ago
They’re asset millionaires and maybe gross revenue millionaires, but not typically net income millionaires.
- artisinal 21d agoMost millionaires are asset millionaires. Almost nobody has a million in their savings account.
- tancop 20d agoFarms are some of the least liquid assets. Not because it's that hard to sell them but when your whole income depends on owning something you can't just decide to give it up. And the social networks you depend on for things like finding seasonal workers or helping out after a natural disaster break down if you move.