I feel like this post, and a frequent problem with these types of conversations online, is that it confuses millionaire and billionaire.
You might be able to become a millionaire if you invest in a retirement fund your entire working life. It's basically required to do so if you expect to retire middle class.
But you cannot work or invest your way towards becoming a billionaire. You can only get there by being extremely wealthy to begin with.
I do wonder about that. Odds of winning the Powerball are 1 in 292.2 million. So theoretically if you spent $292 million on a $1B powerball payout (and no one else won), you be guaranteed to win and should come out well ahead because you’d have other tickets that would win downstream amounts. It’s just having that initial capital and surprised we haven’t seen someone try to invest that amount.
That said, I’m a decade away from being a millionaire, which puts me at two decades away from a retirement at my current non-crazy-but-eat-out-a-lot lifestyle.
I'm exactly who you're talking about and i can say its not as simple of a take now primarily because housing is exorbitantly expensive and it looks to be only getting worse.
Idk if I even disagree with what you're saying. But its so frustrating bc i really spend on just food an housing and i'm barely getting by. And i hate it.
Whenever I try to get people to understand where they *actually* are in the class war, the reminder that "you are *always* three very bad months away from being homeless, but *never* three very good months away from being a millionaire", can be clarifying