I’d put another zero or 2 on there for what’s earnable with hard work and smart decisions. A million these days is like upper middle class. It’s a nice, but fairly normal, house in most parts of the country and a good start on a retirement fund. Point is still valid though.
Speaking from Norway: I can agree that order-of-magnitude 10 million USD is earnable in a lifetime. A wage of 100 k USD / yr isn’t absurdly high, and after 45 years that brings you to 4.5 million. So getting to like 10-30 million in a lifetime is still within what I would consider reasonably possible. At 100 mill. it’s getting pretty absurd though.
I’d put another zero or 2 on there for what’s earnable with hard work and smart decisions. A million these days is like upper middle class. It’s a nice, but fairly normal, house in most parts of the country and a good start on a retirement fund. Point is still valid though.
I think some luck plays into this too, and I think a good person recognizes this.
Yeah maybe in California where the Cost of Living is abnormally high compared to the rest of the US and the rest of western countries.
Speaking from Norway: I can agree that order-of-magnitude 10 million USD is earnable in a lifetime. A wage of 100 k USD / yr isn’t absurdly high, and after 45 years that brings you to 4.5 million. So getting to like 10-30 million in a lifetime is still within what I would consider reasonably possible. At 100 mill. it’s getting pretty absurd though.