- Joined
- Jun 22, 2018
- Messages
- 366
Rep Bank
$2,503
$2,503
User Power: 255%
Getting close to 1 million in net worth and I just realized how it's not as much money as I once imagined, especially when considering a decent apartment anywhere in Europe starts at 350k euros. In the US I bet that number is double or triple.
Then it came to me. This idealization of "being a millionaire" probably appeared decades ago, if not a century ago. Back then the dollar was worth way more and the purchasing power was much greater.
I was watching "Double Indemnity" the other day, a movie shot in 1944, and at some point the movie shows a big villa "worth 30 thousand dollars". You can't even buy a mediocre car today with that money. Apparently, due to inflation, 30k in 1944 is worth about 500k today. Which again confirms my point that being a millionaire back then was way greater of a goal than it is today, due to the purchasing power people had.
This is a bit of a depressing take, but I realized you aren't really rich today with 1 million, more like well off. Which sucks. I thought I could retire with that money but I guess not.
While building my business I thought to myself "once I get to 1 million" I can let go. And while I can let go, I am certainly not at a point I wished I was. I was dreaming of mansions, supercars, yachts. That's more like in the 10 million plus net worth range.
Then it came to me. This idealization of "being a millionaire" probably appeared decades ago, if not a century ago. Back then the dollar was worth way more and the purchasing power was much greater.
I was watching "Double Indemnity" the other day, a movie shot in 1944, and at some point the movie shows a big villa "worth 30 thousand dollars". You can't even buy a mediocre car today with that money. Apparently, due to inflation, 30k in 1944 is worth about 500k today. Which again confirms my point that being a millionaire back then was way greater of a goal than it is today, due to the purchasing power people had.
This is a bit of a depressing take, but I realized you aren't really rich today with 1 million, more like well off. Which sucks. I thought I could retire with that money but I guess not.
While building my business I thought to myself "once I get to 1 million" I can let go. And while I can let go, I am certainly not at a point I wished I was. I was dreaming of mansions, supercars, yachts. That's more like in the 10 million plus net worth range.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
