Do you still work? If so, what is your motivation?
Yes because 1 million ain’t much
I’m 10% of a millionaire. I’m a total Blind failure. I need FANG but im too stupid. I hate life. Bye Blind. I’m going to kill my self. Thanks everyone.
$1M in ready cash with a house, car, wife, kids and passive income of 20k/month is retirement....not $1M TC with no time for anything else.
1.8 M. Mid 30s. Still working but will probably stop this year or early next year. I was working until now because I enjoy being an engineer. Now I want to spend at least a few years traveling and relaxing
That’s awesome. How much of that is disposable liquid funds? I’m assuming 1.8 M includes your house too?
No house. It's all stocks, funds, bonds, CDs
Tell me where a family of 3 can retire with 2M in total assets. Probably some shit Trump country state only. I’m gonna keep working my ass off.
$2m is $80k/yr at 4% Median household income in the US is $59k Step out of your own bubble.
Mmmyeah read my second sentence. You have no idea where I come from and you think I am living in a bubble? What, just because I have some money I don’t know what it’s like to be poor? FYI, I paid my own way through college and bought my parents a modest home because they got foreclosed out of my childhood home. FOH Btw let me know what returns 4%, freakin amateurs and their assumptions.
Yes, becasue it's no longer the 1980s.
I expect to live for 50 more years. One million dollars in investment should allow one to spend about 40 thousand dollars a year (using the four percent rule). That isn't enough for housing and food in any place I have lived!
Meanwhile I comfortably spend less than $40k a year in the bay area, I lack for nothing and if I didn't have a couple of expensive hobbies it would be closer to $30k a year.
My goal this year is to spend no more than 40k total. I'm in Seattle. I think I will fail, but not by much, and only because of a major unexpected expense. TC 210k
$1m is not enough to retire on comfortably. Try $5m and paid off house.
I am a millionaire. But all the expenses of a family still add up. I also like to help the poor. Google matches upto 6k. Sometimes i feel like not going to work. Then i think of the hundreds of kids who cannot goto school if I don’t work. So i work. It motivates me to put up with all the BS. My ego and selfish desires cannot be so important. I know one day I will explode and show the finger. But then I hope God will have lined up the next gig to help me do better.
I'm on Blind. I'm not a millionaire. Your statement is false. Also you didn't answer my question
You also didn't TC. So STFU or GTFO.