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Going from $3M to $6M is more life-changing than going from $0M to $3M
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Date: May 18th, 2021 12:33 PM Author: Histrionic Plum Shrine nothing really changes when you earn your first $3M. it's all basically the same shitty quality of life. the second $3M is where life starts to actually get easier and better to live. (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482477) |
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Date: May 18th, 2021 2:13 PM Author: Wonderful Whorehouse Milk (guy with $80,000 in credit card debt and negative net worth) (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483114) |
Date: May 18th, 2021 12:34 PM Author: primrose kitchen that makes no logical sense you're just a scared tightwad who didn't feel rich til 6m (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482483) |
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Date: May 18th, 2021 12:36 PM Author: Jet garrison rigpig make sense to me. at $6m you can stop actively saving and be fine so can take a paycut
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Date: May 18th, 2021 12:39 PM Author: charismatic bull headed bawdyhouse Really? I’m somewhere around 2.5 right now and don’t feel well off in a HCOL. I’m not sure if 6 would alleviate those concerns unless I also had a paid off house. (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482508) |
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Date: May 18th, 2021 12:44 PM Author: Jet garrison rigpig if you have $6m and just invest in average retirement investments (not talking about FIRE/dividend living) your savings will grow like $400-600k a year on average (long term) and so your tiny pink 401k match starts to matter less and less.
so why wouldn't you take a $50k paycut or whatever to claw back some free time? (ok fine in theory and doesn't work like that but at least you can start looking for less careerist jobs) |
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Date: May 18th, 2021 12:46 PM Author: Brass degenerate hominid At $6m you can stop working altogether and live on dividends without touching the balance.
A 6% yearly return would put you at $360k per year. |
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Date: May 18th, 2021 12:45 PM Author: Frum vibrant sweet tailpipe dog poop I'm at $3 million and it's exactly the same has having zero. Exactly. (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482535) |
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Date: May 18th, 2021 12:46 PM Author: chartreuse sex offender (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482542) |
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Date: May 18th, 2021 2:08 PM Author: brindle flirting casino cr you are still sucking off bums under a bridge for nickels (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483085) |
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Date: May 18th, 2021 12:54 PM Author: lemon hall coldplay fan “News at 10”
if you’re life was devoid of meaning pre 3M, it won’t have anymore meaning at 6M.
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Date: May 18th, 2021 12:56 PM Author: aromatic cruel-hearted becky philosopher-king Seems right to me. Until you have enough money to never work again, life is pretty much a grind until then. (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482612) |
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Date: May 18th, 2021 1:04 PM Author: Jet garrison rigpig plus with $6m this day comes at age 60 with no risk and age 50 is fine if your house is paid off and no college expenses.
with $3m you may end up working to 65 years to be safe. |
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Date: May 18th, 2021 1:34 PM Author: lemon hall coldplay fan And if you’re not working or doing an unwanted grind, what do you think life will be like then??? (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482859) |
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Date: May 18th, 2021 1:49 PM Author: aromatic cruel-hearted becky philosopher-king Awesome and relaxing. Can’t put a price on free time and peace of mind (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482979) |
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Date: May 18th, 2021 2:44 PM Author: lemon hall coldplay fan Yeah, but sounds like you don’t know “what’s next”.
Let me tell you. It’s not overrated but you are now facing a deeper, harder to diagnose problem. It’s one of meaning and it doesn’t have a set number like “6M” to get solved. In fact it has no numerical solution. Can you handle that?
You better, or you will quickly devolve. At least with concrete money goals you have some structure. But not in this case when you have “made it.” |
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Date: May 18th, 2021 1:49 PM Author: appetizing bronze stock car I couldn’t even stop sucking dick for a place at the homeless shelter until I hit $8m (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482973) |
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Date: May 18th, 2021 1:50 PM Author: Domesticated cobalt shitlib cumskin cr. I didn't buy my first house until I hot $6m (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482984) |
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Date: May 18th, 2021 1:51 PM Author: purple institution volcanic crater lol wat
$3m is enough where you can tell the world to fuck off and live a decent life indefinitely |
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Date: May 18th, 2021 2:00 PM Author: Free-loading azure digit ratio (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483032) |
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Date: May 18th, 2021 2:00 PM Author: primrose kitchen ... in the Philippines (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483036) |
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Date: May 18th, 2021 2:07 PM Author: purple institution volcanic crater $3m with a 2.5% withdrawal rate gives you $75k/year. you can live a great life with that.
if you can't, lol @ your derangement |
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Date: May 18th, 2021 2:08 PM Author: charismatic bull headed bawdyhouse Kids Private school = 30k (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483083) |
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Date: May 18th, 2021 2:10 PM Author: purple institution volcanic crater lmao at sending kids to private school (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483098) |
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Date: May 18th, 2021 2:11 PM Author: charismatic bull headed bawdyhouse Seriously? How better to surround them with a great network of friends and educational opportunities? (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483106) |
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Date: May 18th, 2021 2:17 PM Author: primrose kitchen half of this bort went to private school and is friendless (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483133) |
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Date: May 18th, 2021 2:08 PM Author: primrose kitchen just die with 0 for your kids brehs (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483086) |
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Date: May 18th, 2021 2:05 PM Author: charismatic bull headed bawdyhouse Not in SF, LA, NYC (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483065) |
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Date: May 18th, 2021 2:07 PM Author: primrose kitchen jjc i doubt you'll ever even have 1m (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483075) |
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Date: May 18th, 2021 2:41 PM Author: aromatic cruel-hearted becky philosopher-king Single person yes, a family of 3 or 4 in a big city? No way (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483259) |
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Date: May 18th, 2021 4:11 PM Author: Mind-boggling Box Office Juggernaut cr
3M in the portfolio was the threshold where i started recklessly gambling on crypto with side income streams bc even if it went to zero it wouldn't affect my life |
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Date: May 18th, 2021 11:04 PM Author: Seedy boyish psychic bbw Maybe -- but not really. This is the type of platitude a financial advisor who makes $85k provides. I think the number starts ~ $4 million.
You don't have enough money to quit work, unless perhaps you remain single forever or you move to a developing country.
Presumably you've built up a modest career, which is another trap. You can't take a 5 year vacation in Thailand then pick up where you left off.
So you need more money. A little more. More Adderall. More long weekends. More wage slavery. More smiling on company videoconferences. And bigger gambles on shitcoins.
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Date: May 18th, 2021 1:52 PM Author: exciting french queen of the night affirmative action going from -$300k to -$180k has not had any appreciable impact so this seems right thus far. (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42482999) |
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Date: May 18th, 2021 2:01 PM Author: Haunting self-absorbed step-uncle's house double fault (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483042) |
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Date: May 18th, 2021 2:07 PM Author: impertinent sable trailer park patrolman (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483077) |
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Date: May 18th, 2021 2:09 PM Author: brindle flirting casino Biden is going to forgive all of our student loans (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483089) |
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Date: May 18th, 2021 4:12 PM Author: Mind-boggling Box Office Juggernaut both -300K and 3M round to 0 million (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483769) |
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Date: May 18th, 2021 2:18 PM Author: Magenta beta keepsake machete circlehead unless you got a lump sum payment yesterday it was all inflation anyways. (http://www.autoadmit.com/thread.php?thread_id=4837485&forum_id=2#42483143) |