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by r00t4ccess
1320 days ago
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Making hundreds of thousands of dollars a year doesn’t make you rich, history shows that people who make more than average amounts of money have a hard time retaining meaningful amounts of it. Making a lot of money doesn’t automatically make you good with money. |
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Speaking of HN people living in bubbles.... Yes, it does explicitly make you rich, at least in terms of earnings replenishment. A person making hundreds of thousands of dollars per year is literally in the top 1% of the top 1% of the world's population. Regardless of how well they manage that money, they're making more of it than virtually all other human beings on the planet.
Also, unless you live in one ridiculously expensive place (and do nearly everything possible to maximize your expenses while living there), or you are absolutely clueless, or mulishly stubborn about your spending habits, (or possibly have incurred truly catastrophic medical bills in a place without decent public healthcare), then there's no way you COULDN'T manage to live below your means on earnings like these. Even in very pricey places like San Francisco, London, NYC, Paris etc, there are many, many people living right in their core areas on modest salaries and..... getting by without nearly bankrupting themselves! What a wonder.