I get what you’re saying but unfortunately $1M isn’t even that much money these days. Once you figure in a house, any retirement plans, vehicles, college funds, etc. A lot of people are “millionaires” on paper but still gotta make their commute every day and stick to their budgets. The reality is even with a million dollars, if you make a misstep or stop chasing you’ll end up in medical debt or homeless pretty quickly. Shit is brutal out here and capitalism doesn’t give a fuck about us.
But I don’t like introducing myself to the neighbors even if I’m only worth $10, it’s just awkward.
I realized a few years ago that most Americans will earn at least $1 million during their working lives. Even if they’re “only” making $30k/year that will get them to $1 million in a little over 33 years. They’ll probably never have much in their bank account, but they’ll have earned that much at some point by the time they retire.
I get what you’re saying but unfortunately $1M isn’t even that much money these days. Once you figure in a house, any retirement plans, vehicles, college funds, etc. A lot of people are “millionaires” on paper but still gotta make their commute every day and stick to their budgets. The reality is even with a million dollars, if you make a misstep or stop chasing you’ll end up in medical debt or homeless pretty quickly. Shit is brutal out here and capitalism doesn’t give a fuck about us.
But I don’t like introducing myself to the neighbors even if I’m only worth $10, it’s just awkward.
I realized a few years ago that most Americans will earn at least $1 million during their working lives. Even if they’re “only” making $30k/year that will get them to $1 million in a little over 33 years. They’ll probably never have much in their bank account, but they’ll have earned that much at some point by the time they retire.
Can save 1m at 500/month with historically decent/good returns and 750/month with bad returns in 30 years.