once you hit $100M, you have enough to never work again. you could spend the rest of your living days spending time in a community making sure everyone there is fed, housed, and safe.
even just maintaining your personal status quo of working the way you did to get into 9 figures is inherently supportive of the global system of torture all of us are forced to live in. while i agree gabe newell, jay-z, and taylor swift shouldn’t be the main focus of our ire, i find the degree of worship they receive confusing.
Yeah, it’s like $5. The 4% rule puts this at $200k, and even a very conservative 2% is $100k. That’s more than the median household income, and you get that for doing nothing.
My personal number is more like $2M, which is $40-80k. Assuming my house is paid off, that’s enough for me to be generous while not worrying about basic needs.
Depending on where one lives and how lavish they want to live, 1mil USD at 4% interest is enough to make a life on.
That’s what my financial advisor tells me and I think it’s more than reasonable.
once you hit $100M, you have enough to never work again. you could spend the rest of your living days spending time in a community making sure everyone there is fed, housed, and safe.
even just maintaining your personal status quo of working the way you did to get into 9 figures is inherently supportive of the global system of torture all of us are forced to live in. while i agree gabe newell, jay-z, and taylor swift shouldn’t be the main focus of our ire, i find the degree of worship they receive confusing.
I think the line to never have to work again is pretty far under $100mil
Yeah, it’s like $5. The 4% rule puts this at $200k, and even a very conservative 2% is $100k. That’s more than the median household income, and you get that for doing nothing.
My personal number is more like $2M, which is $40-80k. Assuming my house is paid off, that’s enough for me to be generous while not worrying about basic needs.
Depending on where one lives and how lavish they want to live, 1mil USD at 4% interest is enough to make a life on. That’s what my financial advisor tells me and I think it’s more than reasonable.
Yes, but I think inflation quickly makes that a pretty low number.
for sure. i just wanted to hit a number that someone couldn’t at all be doubted for “i could retire at 18”