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Why Don't Millionaires Feel Like "Millionaires" Anymore? | Logically Answered
Why Don't Millionaires Feel Like "Millionaires" Anymore?
Earn Cash Back On Stocks: Up To $5,000 Per Year
https://www.silomarkets.com/logic
Recently, millionaires just have not felt like millionaires. Many have net worths of $1, 2, or 3 million but they would classify themselves as falling squarely into the middle class. It’s easy to describe these individuals as spoiled brats who don’t realize how good they have it but there is some truth to what they’re feeling especially in cities like San Francisco and New York City. Originally, when the term millionaire was coined, the people that the term referred to was the richest people in the world like Rockefeller, Carnegie, and JP Morgan. But today, there are many nonexecutive roles that pay a million dollars every single year most thanks to tech companies who have minted millions of millionaires. In fact, in San Francisco, a financially comfortable net worth is $1.7 million. To be considered wealthy, a net worth of $4.7 million is required so the value of being a millionaire has definitely fallen off a cliff. This video explains the history of millionaires and why millionaires don’t feel like millionaires anymore.
Earn Interest From The Government & Top Corporations:
(iOS App for US Residents)
https://www.silomarkets.com/waitinglistpage
Free Weekly Newsletter With Insiders:
https://logicallyanswered.co/
Socials:
https://www.instagram.com/hariharan.jayakumar/
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00“Millionaires”
2:04The Birth Of Millionaires
5:10The Golden Period
8:26Tech Millionaires
Resources:
https://pastebin.com/r6cSx9GC
Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
https://www.silomarkets.com/disclosures
Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/
Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
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By Logically AnsweredWhy Don't Millionaires Feel Like "Millionaires" Anymore?
Earn Cash Back On Stocks: Up To $5,000 Per Year
https://www.silomarkets.com/logic
Recently, millionaires just have not felt like millionaires. Many have net worths of $1, 2, or 3 million but they would classify themselves as falling squarely into the middle class. It’s easy to describe these individuals as spoiled brats who don’t realize how good they have it but there is some truth to what they’re feeling especially in cities like San Francisco and New York City. Originally, when the term millionaire was coined, the people that the term referred to was the richest people in the world like Rockefeller, Carnegie, and JP Morgan. But today, there are many nonexecutive roles that pay a million dollars every single year most thanks to tech companies who have minted millions of millionaires. In fact, in San Francisco, a financially comfortable net worth is $1.7 million. To be considered wealthy, a net worth of $4.7 million is required so the value of being a millionaire has definitely fallen off a cliff. This video explains the history of millionaires and why millionaires don’t feel like millionaires anymore.
Earn Interest From The Government & Top Corporations:
(iOS App for US Residents)
https://www.silomarkets.com/waitinglistpage
Free Weekly Newsletter With Insiders:
https://logicallyanswered.co/
Socials:
https://www.instagram.com/hariharan.jayakumar/
Discord Community:
https://discord.gg/SJUNWNt
Timestamps:
0:00“Millionaires”
2:04The Birth Of Millionaires
5:10The Golden Period
8:26Tech Millionaires
Resources:
https://pastebin.com/r6cSx9GC
Disclaimer:
This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
https://www.silomarkets.com/disclosures
Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.
Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/
Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
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Learn more about your ad choices. Visit megaphone.fm/adchoices