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heluecht (heluecht@pirati.ca)'s status on Tuesday, 26-May-2026 23:07:29 JST
heluecht
@evan Question is how you define the amount of "wealth". Is it everything that you own or only the amount that you have "at hand"? Means: You can be the owner of a factory that is worth millions in buildings and machines, but you might have got only some 10k on your bank account, because everything above this yozu invest in your company. -
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Evan Prodromou 🇨🇦🇺🇸🇬🇷🇵🇸 (evan@cosocial.ca)'s status on Tuesday, 26-May-2026 23:07:27 JST
Evan Prodromou 🇨🇦🇺🇸🇬🇷🇵🇸
@heluecht I didn't use the term "net worth" since I think a person's worth is not only financial, but the idea of "personal wealth" is about the same. All you own, minus all you owe.
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Evan Prodromou 🇨🇦🇺🇸🇬🇷🇵🇸 (evan@cosocial.ca)'s status on Tuesday, 26-May-2026 23:10:38 JST
Evan Prodromou 🇨🇦🇺🇸🇬🇷🇵🇸
@heluecht I think for younger people, having $1M means having a giant pile of cash to spend on parties and speed boats, whereas for middle-aged and older people, it feels like owning your own home and having a retirement account.
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