Re:How People Get Rich Now
by claudiulodro on Monday April 12, 2021 @01:10PM
(#26782035)
The definition of "rich" is "having a great deal of money or assets; wealthy." Seems like Rich == Wealth as far as I can tell. There is definitely a difference between well-off and wealthy, though.
Re:How People Get Rich Now
by alistairSH on Monday April 12, 2021 @01:32PM
(#26782382)
While not a dictionary definition, I've seen "the wealthy" described as the subset of "the rich" where their money is self-sustaining (passive income that spans generations).
By most definitions, many of us on HN are rich, but few of us are wealthy. Most of us still have a day job and rely on that salary to pay bills and save for retirement.
Chris Rock has a funny skit about being rich vs having wealth:
I think where PG and others are conflating two topics is being Rich vs being Wealthy.
You can certainly become Rich working at FAANG (top 1% earner + appreciating stock ... and it's way less risky than other jobs).
Where you can become Wealthy starting your own company (super high risk, most likely won't even become "rich" doing it, but you have the potential to create limitless wealth)
EDIT:
If you're going to downvote, can you at least comment why you disagree ... so that we can have a productive conversation to hear a differing opinion.