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Why Don't Rich People Just Stop Working?

journal.media

11–20 of 152 posts

Re: Why Don't Rich People Just Stop Working?

#11
We have a real societal disconnect and it's clear that we don't communicate enough with our elder generations.

While some people are content to retire and stay home in bed, not having something meaningful to do every day makes quite a lot of people absolutely miserable.

Re: Why Don't Rich People Just Stop Working?

#13

Because being somewhat of a workaholic or craving power / money / achievement is how they got to be wealthy in the first place. This is roughly akin to asking "why don't strong and fit people stop going to the gym?"

But unlike going to the gym, acquiring a certain level of wealth gives you the means to continue to accumulate wealth. At the point that you're worth $10MM, you could live an upper middle class existence indefinitely with even a fairly pedestrian set of investments.

Re: Why Don't Rich People Just Stop Working?

#15

The answer is always classes, folks. Because once you become a millionaire for the first time, you leave the middle class and realize that you are actually quite poor amongst the millionaire class , so you have to keep working to climb through the ranks of millionaires. It's a recursive algorithm, you see.

That answer seems to fail when you look at 2/3 examples just from the masthead (Musk and Zuckerberg). It's possible you could look at your ability to buy literally anything on the planet and feel jealous someone else's infinity is higher than yours, but that seems unlikely.

Re: Why Don't Rich People Just Stop Working?

#16
I find that rich people, like the millionaires and billionaires, are driven people and driven not necessarily only by money. Extreme financial success is but a side effect of whatever is driving them whether it be building a huge company or a revolutionizing and industry.

And if getting rich is not the end game whether entirely or partially then the work is never done. They are still on a mission and there are more challenges and more worlds to conquer.

Re: Why Don't Rich People Just Stop Working?

#17

A better observation to make would be if people who receive a sudden windfall of money stop working.

There are plenty of these in Silicon Valley. Engineers who got rich at FB or Stripe or whatever and don’t work anymore. However because it’s considered déclassé to be in the idle class, they invent some things to put on their LinkedIn like Angel Investor or Startup Advisor.

Re: Why Don't Rich People Just Stop Working?

#18
post #13

Because being somewhat of a workaholic or craving power / money / achievement is how they got to be wealthy in the first place. This is roughly akin to asking "why don't strong and fit people stop going to the gym?"

But unlike going to the gym, acquiring a certain level of wealth gives you the means to continue to accumulate wealth. At the point that you're worth $10MM, you could live an upper middle class existence indefinitely with even a fairly pedestrian set of investments.

richness is not only money, it's human relations, quality of life, all things that need some kind of work

Re: Why Don't Rich People Just Stop Working?

#19

Because being somewhat of a workaholic or craving power / money / achievement is how they got to be wealthy in the first place. This is roughly akin to asking "why don't strong and fit people stop going to the gym?"

If people stayed fit after getting in shape one time I think most would stop, your metaphor only works if we made some kind of capital gains scenario for fitness.
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