At what point would you stop working / caring about anything you don't want to.
$1 million? $10m? Jeff Bezos?
Roughly 2-3 mill to help fund my 2-3 kids education/whatever endeavors
10M to retire with my wife and fund our passions
750kish for the kind of house I want to own
So 10-15M would be enough for me assuming I don’t chase for more, since the more money you have the easier it is to make it
i remember when i started making a decent amount of money I thought I never needed enough, but as soon as I started making even more money you'll just want more and its never enough
if i were to put a numerical value tho itd be like 50 mill
However much is enough for me to eat Rihanna, Saweetie, Kali Uchis, Margot Robbie, Jessica Alba, and SZA's snot out of a waffle cone on a super yacht off of a remote island with dozens of college women around me.
Realistically it would never be enough because ur standards would go up too
cap
all my homies are aware of the hedonic treadmill and regularly introspect to maintain a lifestyle aligned with the true north of their soul and values
At what point would you stop working / caring about anything you don't want to.
$1 million? $10m? Jeff Bezos?
I think 10-20m is enough. 14 specifically.
500k would enable me to pretty much never work again
some of u mfs spoiled and hypnotized by consumerism
Realistically it would never be enough because ur standards would go up too
that's true for a lot of people if you go from like 20k a year to 400k but at some point your just kinda an insane a****** if your just blowing millions a year imo
like the more money it becomes the harder it becomes to spend unless your just trying to fly private and buy some huge yacht
also some people don't like to spend, plenty of millionaires have one house and no boat and s***
1 mil.
Put it into an index fund and let it grow. Live off dividends or just reinvest them.
100 million
enough to buy a gas station or 10, live without giving a f*** and never go broke
Depends on interest rates, but I could chill with a few million
cap
all my homies are aware of the hedonic treadmill and regularly introspect to maintain a lifestyle aligned with the true north of their soul and values
You snapped right here
What point? Enough to live off the rest of my life without worrying for it, help my the rest of my family, some for my kids and to help others
Super open ended question with no real concrete answer. I mean main factors are location, lifestyle/expenses, age, and family size. Just to name a few.
I’ll just answer for myself since I don’t want to go on a crazy tangent. But I’d say I can confidently ’retire’ at least in terms of ordinary income, if I have a liquid networth of around 1.5ish million(adjusting for inflation in today’s dollars) anytime before 40. Reason being, I can confidently say that with around that figure and my financial acumen, I can generate close to 6 figure passive income as well as set myself in a position where 20+ years down the line I realize capital gains in the realm of 3-5x my initial investment. To break this down I’m basically saying with 1.5 mill I can invest about 2/3 of that for the long term and have it be about 3-5 mill by 60, while generating close to 6 figure income passively with the remaining 500k.
100 million
enough to buy a gas station or 10, live without giving a f*** and never go broke
I would keep 50 mill tucked and blow 50 mill on investments and bullshit
Whenever you’re mentally and physically taken care of financially. And I mean to the point of luxury not basic needs
A house in my hometown
An estate in Wyoming next to Kanye
An estate in Kenya
Townhouse in Washington DC
Fleet of perhaps 6 Range Rover Svr
Fleet of private jets, let’s say 3
Ownership of the Phoenix Suns
Add it up let’s say 15 billion!