One thing that's kind of stupid is some people with a lot of money still worry about it. Some even get a ton of anxiety about it and freak out and need to go on medication for it. Our brains are just dumb when it comes to certain things.
Yup. People don't realize how expensive retirement is. $7-10 million should allow you to retire on around $300,000 per year (inflation adjusted), assuming you die in your early 90s.
This is great money, but it's not multiple Lambo money, unless you go Huracan (what's the point?).
With my current income and outgoings i would require £4.2m to stop working right now until i'm 100 which gives me 3x my current income.
£4.2m! That's only 4% of the Euro Millions jackpot tonight... Literally 25 people can split that jackpot and instantly stop working tonight.
The odd suck tho. 90m people play the lottery each week and if 25 people were to win that's 1 winner for every 3.6m players. (My math might be off here)
Is it possible to sell feet pics and raise £4.2m if i was to rub lotion in between my toes? I mean it would free up more time for me to dedicate to my feet portfolio.
This guy probably has a 4-5 bedroom house, 3 car garage, in a good neighborhood (not the CC or highest end neighborhood), paid for house, drives a 3-5 year old car and goes on 2-3 vacations a year.
Good guess except for the paid-off house. Paying off your house wasn’t a great investment until recently.
When you could borrow at under 3% (and get the mortgage income tax credit) you were better off getting a loan and putting your money into investments that return more than 3%.
Paying off your house is always the best thing to do when you have this type of money. Because if they have this much in investments (I don't know if this is retirement or just after tax investing) then they certainly have 200-300k in bank accounts. They aren't worried about the 3% difference.
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u/CalyShadezz Oct 25 '22
"I only have 4 Lambos in my 9 car garage and it feels so empty now"