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In Silicon Valley, Millionaires Who Don’t Feel Rich
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by nk | August 5, 2007 at 09:00 pm
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But many such accomplished and ambitious members of the digital elite still do not think of themselves as particularly fortunate, in part because they are surrounded by people with more wealth — often a lot more.
When chief executives are routinely paid tens of millions of dollars a year and a hedge fund manager can collect $1 billion annually, those with a few million dollars often see their accumulated wealth as puny, a reflection of their modest status in the new Gilded Age, when hundreds of thousands of people have accumulated much vaster fortunes.
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at 02:14 on August 6th, 2007
I would hesitate to look beyond my own front door (rather than to Silicon Valley) to see this happening. It is a vastly common experience, and even you might be doing the same. Sure, you don't have a million dollars under your belt, and to you it seems like you don't have much at all, but at this very moment there are countless people that think of your economic situation as being about equivalent to what you imagine a millionaire's situation might be.
According to "Income of the Average Person on Earth," (http://hypertextbook.com/facts/2006/MateNagy.shtml) average income is somewhere in the range of $6,000 to $8,000 per person. And even this is deceiving, as the mean income would be much lower.
As we look to these millionaires and stand in disbelief that they don't consider themselves fortunate, we should remember that there are others that think the same of us. If you have ever lived in a third world country you know this well.
Live life fully right now! It's the advice I would give the millionaire, and it is the advice I am trying to give myself (on an income that is above the average global income, but below what the US calls "poverty.")