It is amazing how disproportionate the relationship between the amount of time, energy, effort, resources, risk, skill and other things a person puts into acquiring wealth and the amount of wealth they acquire.
It is amazing how disproportionate the relationship between the amount of time, energy, effort, resources, risk, skill and other things a person puts into acquiring wealth and the amount of wealth they acquire.
It's the same even among regular folks. A good example is the property market in places like the UK (where I am). I took a lot of risk when I was younger and started a business. It went pretty well and we were able to earn above normal salaries, but if I'd just taken the money I'd put into the business and bought a house where I lived at the time, I would have made far more (and it would all be tax free). To 'catch up' with where someone who had just bought a house is now, I will have to be ridiculously suc
I know exactly how you feel. I am in the top 0.1% for income and live a pretty good lifestyle, however if i compare myself to my peers 15 years older i will never achieve the heights they have due to capital appreciation of assets since 2000. I will basically own a big family home that would have been achieved by the top 5% in the past, most of my older colleagues have houses all over the world with sports cars and fancy holidays and most importantly, very little debt.
Just got to keep chipping away at it and hope for some massive inflation in the future...
Disproportionate (Score:3)
It is amazing how disproportionate the relationship between the amount of time, energy, effort, resources, risk, skill and other things a person puts into acquiring wealth and the amount of wealth they acquire.
Re: (Score:3)
It is amazing how disproportionate the relationship between the amount of time, energy, effort, resources, risk, skill and other things a person puts into acquiring wealth and the amount of wealth they acquire.
It's the same even among regular folks. A good example is the property market in places like the UK (where I am). I took a lot of risk when I was younger and started a business. It went pretty well and we were able to earn above normal salaries, but if I'd just taken the money I'd put into the business and bought a house where I lived at the time, I would have made far more (and it would all be tax free). To 'catch up' with where someone who had just bought a house is now, I will have to be ridiculously suc
Re:Disproportionate (Score:2)
I know exactly how you feel. I am in the top 0.1% for income and live a pretty good lifestyle, however if i compare myself to my peers 15 years older i will never achieve the heights they have due to capital appreciation of assets since 2000. I will basically own a big family home that would have been achieved by the top 5% in the past, most of my older colleagues have houses all over the world with sports cars and fancy holidays and most importantly, very little debt.
Just got to keep chipping away at it and hope for some massive inflation in the future...