Depends where you’re getting that valuation from. I wouldn’t call farmers rich even if they could technically sell everything they own and live comfortably for the rest of their lives.
But the point is that a billionaire is a whole different animal. You can be rich by every metric and still be as far from being a billionaire as a poor person is from being rich.
The way I see it, once you can live off passive income, you’re rich. I could live comfortably for the rest of my life just on the interest from a million euros. Make it three million and I’d live like royalty.
Depends where you’re getting that valuation from. I wouldn’t call farmers rich even if they could technically sell everything they own and live comfortably for the rest of their lives.
But the point is that a billionaire is a whole different animal. You can be rich by every metric and still be as far from being a billionaire as a poor person is from being rich.
The way I see it, once you can live off passive income, you’re rich. I could live comfortably for the rest of my life just on the interest from a million euros. Make it three million and I’d live like royalty.