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Posted on 10/21/14 at 4:04 pm to white perch
quote:
upper middle class lifestyle?
what's the obsession with living an upper middle class "lifestyle", and what does that mean anyway?
Posted on 10/21/14 at 4:06 pm to TheIndulger
quote:
and what does that mean anyway?
Club membership, travel, assisted living instead of nursing home
Posted on 10/21/14 at 4:08 pm to white perch
If unmarried, around $4 million. If married, $6-7M or so.
This post was edited on 10/21/14 at 4:10 pm
Posted on 10/21/14 at 4:11 pm to AUCE05
I mean more as investing and consulting startups when I say continuing to work, not clocking in every day
Posted on 10/21/14 at 4:14 pm to lsuwontonwrap
$10 Million is the beginning of wealthy and freedom
Less than that and you are working to manage and protect
Less than that and you are working to manage and protect
Posted on 10/21/14 at 4:15 pm to jack6294
quote:
Less than that and you are working to manage and protect
The vast majority of people will never clear 10MM in their career yet will survive fine for 30 years.
This post was edited on 10/21/14 at 4:20 pm
Posted on 10/21/14 at 4:19 pm to white perch
Has anyone said a powerball ticket yet? If not, than I have the winning one for this week and that's totally my goal.
Gonna put a couple cartons of Basics on the card while I'm there too.
Gonna put a couple cartons of Basics on the card while I'm there too.
Posted on 10/21/14 at 4:20 pm to swamie
quote:
not, than I have the winning one for this week and that's totally my goal.
You gonna wanna go mega millions this week. Think it is 9 figs right now.
Posted on 10/21/14 at 4:22 pm to jack6294
quote:
Less than that and you are working to manage and protect
don't agree, in some circles ten mil doesn't pay the light bill, and it's kind of a nouveau riche mind set that believes that once you retire that you'll start living like a rock star, keep your expenses under control, service the debt, retire debt free, or at a minimum, and keep doing what has made you happy over the years
BTW: we might have lived in the same house at different times over the years
Posted on 10/21/14 at 4:23 pm to fightin tigers
Some of these responses have me thinking they have no clue about investing, and no reality on what the average person makes. I mean, less than 1% of the population will ever see 10m in the bank
Posted on 10/21/14 at 4:24 pm to AUCE05
quote:
less than 1% of the population will ever see 10m in the bank
Posted on 10/21/14 at 4:25 pm to 777Tiger
quote:
mind set that believes that once you retire that you'll start living like a rock star,
Luckily me and the wife agree to live while we can and not live for 55. I'd hate to miss the middle 25 years of my life scratching together. If I have to work to 60 or 65 it will be worth it to experience some of the things I have.
Posted on 10/21/14 at 4:27 pm to Patrick_Bateman
quote:
If unmarried, around $4 million. If married, $6-7M or so.
lol, what
rule of thumb is 20x your expenses.
Posted on 10/21/14 at 4:28 pm to AUCE05
quote:
less than 1% of the population will ever see 10m in the bank
shite, I'm not even talking about in the bank. Just to net 10MM you have to be making near 500k a year (if my math is close). Keep that up for 30 years and you will be close to netting 10MM.
Posted on 10/21/14 at 4:28 pm to fightin tigers
quote:
Luckily me and the wife agree to live while we can and not live for 55. I'd hate to miss the middle 25 years of my life scratching together. If I have to work to 60 or 65 it will be worth it to experience some of the things I have.
pretty much the way I've approached it, in some ways I have lived like a rock star, and as I'm approaching the end of my career, or at least this one, I've got no regrets and don't really foresee a big change in lifestyle
This post was edited on 10/21/14 at 4:32 pm
Posted on 10/21/14 at 4:31 pm to 777Tiger
Some of you are out of your gotdamn minds.
Posted on 10/21/14 at 4:32 pm to BoostAddict
Like who
Posted on 10/21/14 at 4:33 pm to BoostAddict
quote:
Some of you are out of your gotdamn minds.
most, it's the OT
Posted on 10/21/14 at 4:35 pm to BoostAddict
quote:
Some of you are out of your gotdamn minds.
It may be due to the age of the posters. Everyone thinks they will retire with millions when they are younger. Once you get into a career and life catches up you realize it isn't that easy or necessary.
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