People with more than $2M net worth - why are you still working?

Nov 30, 2019 97 Comments

$2M has to earn a comfertable living. Curious why work if you dont enjoy what you are doing?

update: if you think 2M isnt enough, say why and share what number is enough?

comments

Want to comment? LOG IN or SIGN UP
TOP 97 Comments
  • Oracle cvPtt
    You think everyone works for money? Even if I got billion dollars in lottery, I would go to work on Monday.
    Nov 30, 2019 5
    • Amazon / Other W O W
      Oracle, you’re full of shit dude 😂
      Nov 30, 2019
    • Google iTqD04
      Money is helpful, but I agree with you oracle. I would still work. What I work on might be different though.
      Dec 1, 2019
  • Veritas Khiar
    Are you kidding me $2m for a comfortable life?

    To live or even visit the most interesting places in the world (New York City, London, Paris, San Francisco...) $2 m even doesn’t get you a decent housing.

    I am NOT trying to put you down but it seems you are coming from a poor place.

    Get out of your shell. Go and see the world.

    By the way, money is a tool and should not be a goal. Don’t lose this prospect.
    Nov 30, 2019 12
    • Amazon Bromuch?
      @veritas how many hours per week do you work? I wish I could say that work doesnt feel like work, because its what I love... but its just a means to an end and software is the only skill I have. Fml so much if I never ever retire :(
      Nov 30, 2019
    • Veritas Khiar
      As I become more experienced, I work less hours but I complete and get down more. I still enjoy my work (I don’t code anymore. I never liked coding).

      You have one of the most after sought skills ( software skills). Don’t sell yourself short. Try to maximize it as much as you can.

      Just to put things in prospective, we go and have a coffee for $5. There are people that feed their entire family for a week with less than $5. I also met a guy last week who recently bought a private plane for $35m.

      So all these things are relatives.
      Nov 30, 2019
  • Microsoft unfanged
    If you love your job you’re not really working :-)

    So you might have the wrong job.

    Also if you have a $2M home in the bay, you still have to work to afford property taxes and living expenses.
    Nov 30, 2019 0
  • Docker / R&D
    SQL_Inject

    Docker R&D

    PRE
    Google
    SQL_Injectmore
    Because living in the Bay Area with kids is expensive
    Nov 30, 2019 0
  • Pandora 0fux2gv
    2m isn’t shit if you’re trying to live well for at least 30 more years. I think of it like this: 1m buys me a shitty lifestyle for 10 yr (100k).
    Nov 30, 2019 3
    • Pandora 0fux2gv
      For how many years?
      Nov 30, 2019
    • VMware / Eng PepeG
      At least 30 (4% rule, Trinity Study)
      Nov 30, 2019
  • Juniper ekard
    Because single digit millionaires in the Bay Area are merely upper middle class. It could be FU money if you absconded with it overseas or somewhere in the middle of the country.
    Nov 30, 2019 2
    • OP
      So what’s your threshold/target?
      Nov 30, 2019
    • Docker / R&D
      SQL_Inject

      Docker R&D

      PRE
      Google
      SQL_Injectmore
      $10MM before considering the possibility of retirement. Gotta leave cheese for the kids, especially in the Bay Area.
      Dec 2, 2019
  • Microsoft turkcuck
    If u have paid off ur home and have no other consumer debt (auto, credit cards, college, etc) then u can retire on 2M. Otherwise u keep working.

    Also u can keep working even after u hit 2M in investments (generating 80k of passive income per year) as long as u love your job - just move to a low stress position. Someone I know negotiated a 60% job at 60% pay and lives stress free.
    Nov 30, 2019 2
    • Facebook an0nymouse
      what company does your friend work at?
      Nov 30, 2019
    • Microsoft turkcuck
      Microsoft
      Dec 1, 2019
  • Qualcomm suits
    Nowhere close to 2M. Barely 200k total now, including 401k 😂
    Nov 30, 2019 4
    • Salesforce _mojojojo_
      You're not alone qualcomm. Doesn't help I lost a butt load in stocks though. Lol. About 200 now. With 240k unvested 5yoe.
      Nov 30, 2019
    • Qualcomm suits
      @fps_doug I'm almost 28. 3YOE. Recently promoted to Sr Engg.
      @_mojojojo_ even I'm down 30% in stocks. Started 2017 end. Invested >50k so far.
      Nov 30, 2019
  • Facebook an0nymouse
    2M isn’t enough for my family to retire at the standard of living we want. 2M is 80k a year in safe withdrawal, a little less if you’re more risk averse.
    Nov 30, 2019 3
    • Roku de Vil
      Turn the 2M into more. That's a lot of capital
      to work with.
      Nov 30, 2019
    • Facebook an0nymouse
      5-7M
      Nov 30, 2019
  • Facebook TioAzul
    "Your number" changes as you reach them because you let your lifestyle expand when you hit them. My first one was 2, then 5, now 10m. I like working anyway.
    Nov 30, 2019 1
    • OP
      Yep! That’s what it feels like :)
      Nov 30, 2019

Salary
Comparison

    Real time salary information from verified employees