Having equity in a company/fund is the only way to become wealthy

[Deleted member 119734]

"High paying careers" don't even pay that much and won't make you rich (depending on what you consider to be rich tbf). Given that for many high paying careers you will be working 80+ hours a week, the pay per hour is unremarkable.

If you grew up poor then fair enough for someone like you earning 6 figures a year might be a huge amount. But if you actually grew up upper middle class and grew up around rich people you'll know that true wealth is far beyond what any high paying job will get. Especially when you factor in taxes and the cost of living in extremely expensive cities where these jobs are based, you don't even have that much left over.

For me, being wealthy is having a net worth in excess of 50 million, which no high paying job will ever come close to achieving even if you went to Harvard and worked for the highest paying companies afterwards.

The only way to become wealthy is to own equity and have a successful exit. Going to Harvard and getting into a high paying career will help you be comfortable and reach the upper middle class, but you will never be rich working in a job no matter how prestigious the company is.

 

[ItsOverLawg]

"High paying careers" don't even pay that much and won't make you rich (depending on what you consider to be rich tbf). Given that for many high paying careers you will be working 80+ hours a week, the pay per hour is unremarkable.

If you grew up poor then fair enough for someone like you earning 6 figures a year might be a huge amount. But if you actually grew up upper middle class and grew up around rich people you'll know that true wealth is far beyond what any high paying job will get. Especially when you factor in taxes and the cost of living in extremely expensive cities where these jobs are based, you don't even have that much left over.

For me, being wealthy is having a net worth in excess of 50 million, which no high paying job will ever come close to achieving even if you went to Harvard and worked for the highest paying companies afterwards.

The only way to become wealthy is to own equity and have a successful exit. Going to Harvard and getting into a high paying career will help you be comfortable and reach the upper middle class, but you will never be rich working in a job no matter how prestigious the company is.

good post makes sense

 

[Edgarpill]

High paying careers"

doctor?

 

[Deleted member 119734]

doctor?

Earns good money/above average but you definitely won't be wealthy.

Most doctors are family doctors and don't earn that much. The highest paid ones are specialist surgeons and even they only get paid a lot when they're in their 40s/50s and have to be on call all the time and have a terrible work lifestyle. Can get sued for malpractice and their careers are over. Accumulate a lot of debt early on in med school too.

Definitely won't get wealthy as a doctor (8 figures) but will have an upper middle class comfortable lifestyle.

 

[thereallegend]

Petty bourgeois ideology. You need to realize what you're talking of is impossible. The economy won't allow it. It's socialism or extinction at this point.

 

[Deleted member 119734]

Petty bourgeois ideology. You need to realize what you're talking of is impossible. The economy won't allow it. It's socialism or extinction at this point.

The wealthy do everything they can to guard their wealth and prevent the proletariat from achieving gaining their own wealth, which is why you see many high paying industries and senior executive positions guarded by nepotism and old money.

 

[thereallegend]

The wealthy do everything they can to guard their wealth and prevent the proletariat from achieving gaining their own wealth, which is why you see many high paying industries and senior executive positions guarded by nepotism and old money.

Yup, we have to stop that or humanity is finished.

 

[Deleted member 119734]

Yup, we have to stop that or humanity is finished.

Will never happen because whenever a poor person becomes rich they immediately forget the poor and behave like the rich

 

[thereallegend]

Will never happen because whenever a poor person becomes rich they immediately forget the poor and behave like the rich

We can build class consciousness among the proles. China, Cuba, North Korea, Vietnam, Venezuela, etc are already doing it.

 

[oijuyfdtrg]

"High paying careers" don't even pay that much and won't make you rich (depending on what you consider to be rich tbf). Given that for many high paying careers you will be working 80+ hours a week, the pay per hour is unremarkable.

If you grew up poor then fair enough for someone like you earning 6 figures a year might be a huge amount. But if you actually grew up upper middle class and grew up around rich people you'll know that true wealth is far beyond what any high paying job will get. Especially when you factor in taxes and the cost of living in extremely expensive cities where these jobs are based, you don't even have that much left over.

For me, being wealthy is having a net worth in excess of 50 million, which no high paying job will ever come close to achieving even if you went to Harvard and worked for the highest paying companies afterwards.

The only way to become wealthy is to own equity and have a successful exit. Going to Harvard and getting into a high paying career will help you be comfortable and reach the upper middle class, but you will never be rich working in a job no matter how prestigious the company is.

jfl people at Silicon Valley living paycheck to paycheck

 

[Deleted member 119734]

jfl people at Silicon Valley living paycheck to paycheck

With the cost of living over there and the lifestyle creep you'd be surprised with how little many of them have left over. They also don't make as much as you think. Not everyone is mark zuckerberg lol

 

[Foreverbrad]

having HAD equity is the only way to become wealthy

Good fucking luck when the next decade of gains have been front loaded by insane multiple expansion