/biz/ - Business & Finance

>>52248066

Check yoself.

>>51610644

Yep. It's time for the pasta.

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> $1,200,000 to retire in boonies or slav country near sea. This is NOT making it, this is existing without waging. Any emergency will wreck this tier.

$40,000 a year "income" from invested mil.

$200,000 new house and rusted out 1960 Camaro SS
OR
$200,000 apartment in slav high rise in actual city


> $2,000,000 to retire as middle class

All invested to withdraw 4% post-inflation for $80,000* "income". Sufficient if you live alone. Tight for single-income family.

> $3,000,000 to safely retire as middle class

$80,000 "income" AND $500,000 to cover NEW middle class house near fly-over city, $500,000 as an emergency visit to the ER in the US if you get a papercut. If anyone poor ever gets to 3 mil, they should probably pull it and invest it safely. At that point, their future is secure barring any true black swans. Its enough to do whatever you want if you commit - become a surgeon, mathematician, researcher, pilot, start a small business, etc. Only a few hobbies are out of reach in terms of expenses, e.g. automotive racing.

>>51155691

I will just post my pasta every time you make this thread:

> $1,200,000 to retire in boonies or slav country near sea. This is NOT making it, this is existing without waging. Any emergency will wreck this tier.

$200,000 new house and rusted out 1960 Camaro SS
OR $200,000 apartment in slav high rise in actual city
$40,000 a year "income" from invested mil.

This is also enough to start in any profession, if you are willing to take on the risk,

> $2,000,000 to retire as middle class

All invested to withdraw 4% post-inflation for $80,000* "income". Sufficient if you live alone. Tight for single-income family.

> $3,000,000 to safely retire as middle class

$80,000 "income" AND $500,000 to cover NEW middle class house near fly-over city, $500,000 as an emergency visit to the ER in the US if you get a papercut. If anyone poor ever gets to 3 mil, they should probably pull it and invest it safely. At that point, their future is secure barring any true black swans. Its enough to do whatever you want if you commit - become a surgeon, mathematician, researcher, pilot, start a small business, etc. Only a few hobbies are out of reach in terms of expenses, e.g. automotive racing.

>>51138540

> $1,200,000 to retire in boonies or slav country near sea. This is NOT making it, this is existing without waging. Any emergency will wreck this tier.

$200,000 new house and rusted out 1960 Camaro SS. $40,000 a year interest or $200,000 apartment in slav high rise in actual city.

> $2,000,000 to retire as middle class
> $3,000,000 to safely retire as middle class

$500,000 to cover NEW middle class house near fly-over city, $500,000 as an emergency visit to the ER in the US if you get a papercut, and $2,000,000 invested to withdraw 4% post-inflation for $80,000* "income" that you use for living expenses.

If anyone ever gets to 3 mil, they should probably pull it and invest it safely. At that point they have a choice.

Another important note here - $2,000,000 is sufficient if you live alone. If you want to support a family on that, money is going to be constantly tight.


The difference between 2-3 mil and 10 is that with the latter you can both support a family and "appear" wealthy (without risk) if you choose to do so. On the other hand 2-3 mil is enough to do whatever you want - become a surgeon, become a mathematician, become a researcher, start a small business, become a pilot, etc. Only a few hobbies are out of reach in terms of expenses - notably automotive racing.

> $10,000,000 is for super cars, beachfront properties, and living on a surgeon's "salary".

This is also the point where women think you are "rich enough" if you aren't living outside of your means. That is NOT the case @ 3 million.

> $100,000,000 "hundie" is what the wealthy consider minimum to live a wealthy lifestyle - private medical care, mansions, private schools, constant vacations, expensive hobbies, etc.

Then you get into "start your own car manufacturing company if you want" territory

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* $80,000 is used as "middle class income" as that's the low-end of what an engineer makes in a flyover state. That income is also realistic in trades and low-barrier-to-entry.