42
You wanted the secret to getting rich? Here it is
(lemmy.world)
Also my dad is a billionaire
The real secret to becoming rich is to have parents who are rich.
change it to billionaire and I agree, people with $1m are not obscenely wealthy these days
The difference between a billion dollars and a million dollars is about a billion dollars.
It’s like a clicker game but with scrolling and depression. I’ve attempted to get all the way through it multiple times, but never succeeded.
Depression? I got bleak suicidal rage. Which is weird; it's not even tuesday.
I know several (low) millionaires and none of them exploited other people's hard work. All of them are self-employed, and one of them is the single employee of their company.
Billionaires on the other hand. Yep, no way to get to a billion without heavy exploitation and sociopathic behavior.
I know several (low) millionaires and none of them exploited other people’s hard work.
checks under the hood
Where'd you, uh... where'd you get all that compound interest on your investments from?
All of them are self-employed, and one of them is the single employee of their company.
"I've never exploited anyone!"
"Oh really, what do you do for a living?"
"Insurance defense lawyer."
You've started with the premise that making money is evil, and are working backward from there.
"Oh no, you invested in index funds!!!" - yeah, so does everybody via their 401k or pension.
"Oh no, the work you did had any negative impact at all!!!" - thats basically every job. Communist agitators pollute the environment by driving cars to protests, and vegans kill field mice in their fields of soybeans. There are plenty of ways to make money that make the world better on net.
You’ve started with the premise that making money is evil
The monetary system is a miserable way to justify homelessness, neglect, and poverty, sure.
thats basically every job.
The fact that you can't imagine a job that improves the lives if your friends and neighbors is kinda bleak.
You seem to be acting intentionally dense to avoid changing your mind, so I'm going to stop responding.
In USA they're not, but most of rest of the world that'd be
Most, sure, but Europe, Korea, Japan, Singapore, Australia, New Zealand and more are still a significant part of the world where $1M puts you firmly in the same "well-off and comfortable, but certainly not rich in the way billionaires are" territory you'd be in the US
Worldwide, I think it's definitely safe to say most millionaires' lifestyles are much closer to average than they are to billionaires' (ie still having to make regular payments for housing, but mortgage rather than rent, and still having to perform most tasks for themselves rather than having PAs to do it for them)
If you have $1m, you can draw something like $30-40000 a year reasonably safely. That's obviously a lot of money, but isn't what most people in the mentioned countries think of as "living large" if it's your whole income, especially for a couple/family. That puts you at about the median individual income for Japan and NZ, a bit above in Korea, and below for most of western Europe and Aus.
Obviously that's without working, but that's kinda the point. It's wealth, but not enough that most people in those places would be comfortable not working if that's how much they earned. Hell, in the US that wouldn't even cover childcare for a few kids in many locales.
The $1m isn't in cash... You forget that the average house price in London is around $900k, and for Sydney it's $981k.
That means your pool for your car, furnishings, investments etc. are either minimal, or you have a mortgage, and definitely can't live passively off $30-40k per year unless you're living in cheaper than average housing (one would call this "not super wealthy") and definitely not if you're supporting a family.
I'm not saying the cost of living isn't worse in the US, just that $1m is a comparatively tiny amount everywhere and that most millionaires (as there will a correlation between net worth and frequency) are frankly closer to the working class than they are to billionaires.
Henry Ford would've begged to differ.
Henry Ford still underpaid people for their labor. That is the fundamental key to capitalism. Profit is surplus labor that capitalists steal from laborers.
this post was submitted on 25 Jul 2025
42 points (100.0% liked)
Lemmy Shitpost
33626 readers
2119 users here now
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means:
-No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. Striker
founded 2 years ago
MODERATORS