I feel like those places are the exceptions rather than the baseline. Working as a software developer in Europe, I make around 18k Euros after taxes per year.
While I will eventually make a bit more, it would take me 74 years to make a million even if I were to save 75% of my wages, assuming that inflation is of no concern (or that modest investments that match it are in place).
Not everyone is well paid, hence a side hustle and any means of passive income make sense - especially if it scales without issues (such as software, videos, music etc.).
While I will eventually make a bit more, it would take me 74 years to make a million even if I were to save 75% of my wages, assuming that inflation is of no concern (or that modest investments that match it are in place).
Not everyone is well paid, hence a side hustle and any means of passive income make sense - especially if it scales without issues (such as software, videos, music etc.).