/biz/ - Business & Finance

A million USD has always been, and still is, and will be for the foreseeable future, a very large amount of money. For almost all of the planet's population, and for the vast majority of Americans, a million dollars in liquid assets is something they will never achieve. The remainder of Americans, a people who on average command significantly larger incomes, have greater access to free capital markets as a retail investor, and a much more favorable tax structure, will still only be able to accumulate a million dollars through the appreciation of their primary residence. Only a tiny sliver of the planet's population will ever be able to claim to have a million dollars-worth in paper assets; currently in all the United States that number sits around one million individuals.

To within a 95% confidence interval, a low-cost, highly diversified million dollar portfolio will provide its owner with a middle class level of comfort and security without any labor or human capital on their part, in perpetuity. This fact is the single most distinguishable difference between middle class and everything above it; not demographics, level of education, or anything else. Reaching this level of financial independence constitutes a fundamental transformation in a person's entire way of life.

The fact that this has to be explained to the retarded zoomer chud incel street-shitters on this board means that it's guaranteed that they will absolutely never ever gonna make it and will be worthless permapoor incels.