PROFIT, PROFIT, PROFIT!!
PROFIT, PROFIT, PROFIT!!
45 comments
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Trying to explain this to people I know is nearly impossible. They always think "but when I'm rich I want all the money and no regulation!" Well guess what you work at Walmart and will never be rich so I guess let yourself get endlessly exploited then. There is no ethical billionaire. Maybe not even millionaire tbh.
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ik a few ethical millionares
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At this point I don't even consider 50 million net worth "rich". There are 2 classes of people. Billionaires and their cronies, and everybody else.
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I think at around 5 million you no longer need to labor to live. You can put that in safe investments and just coast. That's maybe not super rich, but it's definitely above a milestone.
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As things are, every Millennial and anyone in a later generation is going to have to be a millionaire to retire to a reasonable level of comfort. It could also be true that there are no ethical millionaires. Where does that leave us?
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Can't speak for y'all, but I'm firmly in "will never be able to retire" territory.
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Ditto. I am putting money away in my 401k like a good little citizen but I have no clue how that money will EVER be enough to support myself (not to mention any one else I might have around) in my old age.
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My plan is to die in the water wars. Looking at the state of things, it won't be long now.
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It's not that hard to be a millionaire by retirement if you have a decently good paying job. Assuming you're making $84k a year (good money, but hardly "capitalist pig" level) and invest 6% of your income every year in your retirement account (~$5k a year) at a roughly 7% average interest rate (historical stock market average) for 40 years that gets you to $1mil.
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Very true
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45 comments