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7/10/2025, 4:44:54 PM
Getting "rich" as a typical wage/salary worker has a lot less with just having a high income and a lot more about managing your finances. Making 6figs does help but there are plenty of people with high income that still fail to build their net worth. Absolutely none of the wealthiest people alive got their money by just getting paid a wage or salary. It all comes from investments, trades, and entrepreneurship which is a mix of luck and skill. There are people on /biz/ who are millionaires despite never working a day in their life because they put their high school allowance into Bitcoin 15 years ago after reading about the cool hacker money on the internet. The richest people are the ones who have an autistic fascination with investments/markets in the way some people have with speedrunning.
It doesn't help that a lot of people start spending money when they start making more money, you could double the salary of the average American and they would still fail to properly save or invest their money because they would immediately start buying more pointless luxury junk. Giving the average /g/ poster a pay raise just means they'll spend more money on shit like Blue Archive pulls. People disregard the old wisdom of "a penny saved is a penny earned" either because they're consumer goycattle or because they fall into the mental trap of income maximalism and don't understand that money is fungible and a penny saved is quite literally equal to a penny earned.
Plenty of people with high salaries also live in areas with high taxes and high costs of living so they have to spend more money for basic needs. I've known people with salaries in the $60k-80k range that live like kings in rural areas (massive house, multiple cars, no struggle paying off debt) because there's no almost taxes and everything is dirt cheap there meanwhile people making six figs in urban areas still barely make rent each month, but will absolutely refuse to move out of the city if given the choice.
It doesn't help that a lot of people start spending money when they start making more money, you could double the salary of the average American and they would still fail to properly save or invest their money because they would immediately start buying more pointless luxury junk. Giving the average /g/ poster a pay raise just means they'll spend more money on shit like Blue Archive pulls. People disregard the old wisdom of "a penny saved is a penny earned" either because they're consumer goycattle or because they fall into the mental trap of income maximalism and don't understand that money is fungible and a penny saved is quite literally equal to a penny earned.
Plenty of people with high salaries also live in areas with high taxes and high costs of living so they have to spend more money for basic needs. I've known people with salaries in the $60k-80k range that live like kings in rural areas (massive house, multiple cars, no struggle paying off debt) because there's no almost taxes and everything is dirt cheap there meanwhile people making six figs in urban areas still barely make rent each month, but will absolutely refuse to move out of the city if given the choice.
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