Comment Re:Hang on... (Score 1) 728
Having rich friends does not make you rich, nor does having rich parents (though that can be more of a help), nor does being lucky.
This didn't really deserve a flamebait moderation (even with the "bullshit" and "kicked you in the nuts" remarks...this isn't exactly a forum limited to refined, polite discussion). Wealth isn't about how much your friends or parents have. It is about what you have and what you do with what you have.
You sounds like you have done very well for yourself, perhaps as a result of aggressive double-digit savings combined with decent double-digit returns (not at all implausible with nearly two decades of work under your belt). Of course, if you switch to an overly lavish lifestyle, fail to protect yourself from disaster (e.g., through adequate medical, disability, house insurance, etc.), or get into copyright infringement fights with aggressive copyright holders able to secure liability-happy jurors, you could eat through your savings very quickly. You sound like you've got a good head on your shoulders when it comes to finance, so you're probably in good shape.
Your age also makes a big difference, as The Millionaire Next Door can attest. $1M when you're 65, looking to stretch your money through a potentially long retirement, isn't nearly as impressive as $1M when you're 40, able to let your money grow so that you have a nice sum available if you decide you're done with being a wage slave.
And everyone---absolutely everyone---has to be careful with money in order to be truly rich or wealthy. As even The Richest Man in Babylon said:
All men are burdened with more desires than they can gratify. Because of my wealth thinkest thou I may gratify every desire? 'Tis a false idea. There are limits to my time. There are limits to my strength. There are limits to the distance I may travel. There are limits to what I may eat. There are limits to the zest with which I may enjoy.
The truth is, just about anyone who, starting early enough, controls spending effectively and manages money with reasonable skill can become independently wealthy. That is, most people could acquire, or at least could have acquired, enough money to afford needs and reasonable desires based on savings alone. For some, that may mean saving $10M. For others, it may mean only saving $250k.
Of course, the lifestyle one can afford with $10M is much different than the lifestyle one can afford with $250k. But, if you retire with $10M in the bank, yet spend $1M a year, then you are not as rich as the person who retires with $250k in the bank, yet only spends $12.5k a year.