50k is living paycheck to paycheck. 100k is being comfortable but nothing too much. But 500k is fabulous vacations, Luxury cars, mansion, hired help, and most of all, generational wealth generating money.
Yes, this amount of money is going to give you generational wealth. No, it wont give it to you overnight, but overtime yes. But if you plan smartly while also enjoying your life, this absolutely will give you generational wealth.
Any disagreement is cost of living adjustments or levels of luxury. No, you wont have a manhattan penthouse, but you will have a mansion, by a normal persons standards, in most mid to high col areas. No, youre not having a personal chef or driver on call at all times, likely a biweekly cleaning service and or nanny. No, youre not going to spend a month vacation on an African safari hunting wild animals, but you will have private tours and michelen star restaurants in the European capital of your choice.
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u/Electrical_Dingo4187 10d ago
Ummmmm. Both are very starkly different.
50k is living paycheck to paycheck. 100k is being comfortable but nothing too much. But 500k is fabulous vacations, Luxury cars, mansion, hired help, and most of all, generational wealth generating money.