A status that you earn or pay for is one answer. "Status" can also be acquired through no actions ( earn or pay for ) of one's self. Examples include receiving the status of a super star in sports by unmerited accolades from sports writers; receiving the title of "King" via inheritance; or becoming famous because you share the surname of a famous relative. One's acquired status means only that it has been given regardless of the circumstances. Yes, it's true that one can acquire status by actions that warrant it.
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