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this post was submitted on 30 Aug 2023
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You pretty much need to be a multimillionaire to retire these days and it's not that hard to do with a half decent job and basic retirement planning, especially when factoring in a home to your net worth (which is standard). Millionaires are not the enemy. $1m is 1000x closer to $0 than $1B.
I don't disagree with the sentiment, but "get a half decent job, do basic planning, and factor in the cost of the home you definitely own" is a massive simplification and a lot of people cannot meet those requirements through no fault of their own.
Yeah, thats already proper middle class, and middle class is pretty hard for a lot of people to attain these days.
Most people are not even able to accumulate any capital while paying bills. If you‘re not in the fortunate position of a collage education or similar, you‘re pretty fucked.
Even with a college education, you’re usually fucked.
Most people talking about how to become multimillionaires have the benefit of generational wealth. Even if they’re not directly dipping in to family funds, it’s a support system that us poors don’t have.
Always have to link this comic when generational wealth comes up.
Personally I know that I'm one of the ones who lucked out. My family wasn't rich but we didn't struggle. I'd like that to be the minimum experience for everybody.
Tell me about it. Grew up poor, kicked out of school due to undiagnosed neurological stuff.
I did manage to build a company out of thin air (and working 16 hrs a day). Then covid happened. I‘m rather gonna starve than go back an suck corpo cock.
Not saying everyone can do it, just that we're all on the same side. It's important to remember who your friends are. The doctor that works 12h+ a day and has a few million in the bank is not the same as the billionaire playing God and zipping around to all major world events in their private jet while siphoning profits from thousands of workers.
That depends on which side the doctor decides to support. A few million lets you play the game, and even if you’re just a pawn, you can do some damage.