As returns on capital and assets start to vastly outperform returns on labor, you should be focusing not on what work you can do, but rather on what assets you can acquire and capitalize on.
>And a million dollars ain’t even what it used to be.
is a result of
>Yup, feels good when you cross the million dollar mark ASAP rather than building it up toward some distant future where you retire. Feels like I have more cushion for changing times....Feels like there’s more and more millionaires these days.
It used to be that you had to do something extraordinary to become a millionaire. Now all you need to do is have a high paying job and invest heavily in the right stocks for a few years to get there.
It is not because people are optimizing for becoming millionaires. Everyone has always been optimizing for more power.
It is because the federal government, which controls the currency, decided to increase the supply of currency, which shows up as increased asset values.