this post was submitted on 15 Jun 2024
245 points (86.1% liked)

Games

32759 readers
1663 users here now

Welcome to the largest gaming community on Lemmy! Discussion for all kinds of games. Video games, tabletop games, card games etc.

Weekly Threads:

What Are You Playing?

The Weekly Discussion Topic

Rules:

  1. Submissions have to be related to games

  2. No bigotry or harassment, be civil

  3. No excessive self-promotion

  4. Stay on-topic; no memes, funny videos, giveaways, reposts, or low-effort posts

  5. Mark Spoilers and NSFW

  6. No linking to piracy

More information about the community rules can be found here.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] -2 points 5 months ago* (last edited 5 months ago)

Check my comment

I talk about wealth then I talk about income, compare both, then I compare wealth to net worth (which is how you measure wealth)

If you have enough wealth, it's used to get money as your wealth is used as collateral, you don't need to be rich to do that, you just need to own stuff that is paid for. I know people who only own a house that isn't worth a fortune, the got a mortgage on it when the rates were down to 1% to invest it at a higher interest rate, their not rich, they just have wealth that can be used as collateral to get money.