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  • plants 🌻
    Oct 8, 2021
    Jason

    It's never enough for you people.

    give us a number

  • Oct 8, 2021
    001

    $10,000 is enough for me im better than all of you greedy pigs

    what you gonna do with that

  • iCarlyXCX

    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.

  • Oct 8, 2021
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    1 reply

    give me 3 million i’ll never need another cent

  • Oct 8, 2021
    jordan at wizards

    give me 3 million i’ll never need another cent

    facts

  • You losers don’t get it do you?

    Too much is never enough. Getting money is a sport and I’m like Brady or Jordan. Wont stop chasing a dollar until a cant. It’s bezos level or bust

  • Oct 8, 2021

    Depends on the person. For me 60-100k a year would be perfect and id be very comfortable . For narcissistic psychopaths like bezos or warren buffet even a trillion wouldn't be enough

  • Oct 8, 2021

    I’d actually be content with 1 million

  • A house and a car and i’m set for life tbh

  • Oct 8, 2021

    coursera.org/learn/the-science-of-well-being

    i took this Coursera course last summer. the lead instructor was Dr. Laurie Santos, "a cognitive scientist and Professor of Psychology at Yale University".

    learned in the course about multiple studies which arrived at $75,000 as the baseline for emotional wellbeing.

    pnas.org/content/107/38/16489

    We report an a***ysis of more than 450,000 responses to the Gallup-Healthways Well-Being Index, a daily survey of 1,000 US residents conducted by the Gallup Organization.
    When plotted against log income, life evaluation rises steadily. Emotional well-being also rises with log income, but there is no further progress beyond an annual income of ~$75,000.

  • Oct 8, 2021

    one thing to note is that it looks like more research has been done on the topic -- this is from January 2021, but not widely cited (and i don't have access to the study itself)

    pnas.org/content/118/4/e2016976118

    Past research has found that experienced well-being does not increase above incomes of $75,000/y. This finding has been the focus of substantial attention from researchers and the general public, yet is based on a dataset with a measure of experienced well-being that may or may not be indicative of actual emotional experience (retrospective, dichotomous reports). Here, over one million real-time reports of experienced well-being from a large US sample show evidence that experienced well-being rises linearly with log income, with an equally steep slope above $80,000 as below it.

  • Oct 8, 2021

    I've heard $2million

  • Oct 8, 2021

    personally i disagree. i make $75,000 and i'm nowhere close to being satisfied.

    i think i would definitely be very happy once i start making six-figures. that's my goal, whether it's $100k or $300k the six-figure barrier is in the way of my happiness

  • Oct 8, 2021

    I really think it would take 4mil to never work again in your life as long as you live like a regular human being not tryna flex and s***.

  • Oct 8, 2021

    Buying 5 house so 5 Mil.
    Plus living without working at my current level of materialism 2 Mil.
    Child security 3mil.

    I’d say 13 Million.

  • Oct 8, 2021
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    1 reply
  • Oct 8, 2021

    8 figs

  • Oct 8, 2021
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    1 reply
    GodsFavoritePerson

    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.

    How would you generate 6 figure passive income with 500k

  • Oct 8, 2021
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    1 reply
    Kanyigga

    How would you generate 6 figure passive income with 500k

    That’s a 20% cash on cash for a rental property. Realistically if you leverage properly you can hit that. Also I said close to, so 80ishk would be perfectly fine as well and less aggressive.

  • Oct 8, 2021
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    1 reply
    GodsFavoritePerson

    That’s a 20% cash on cash for a rental property. Realistically if you leverage properly you can hit that. Also I said close to, so 80ishk would be perfectly fine as well and less aggressive.

    Word but even 80k seems aggressive on a rental property. How many units you looking at

  • Oct 8, 2021
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    1 reply
    Kanyigga

    Word but even 80k seems aggressive on a rental property. How many units you looking at

    Not really when you factor in leverage. 500k CASH allows u to buy more property value than 500k.

  • Oct 8, 2021
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    1 reply
    GodsFavoritePerson

    Not really when you factor in leverage. 500k CASH allows u to buy more property value than 500k.

    Nah I hear you fam. But what's the value of that property. Couple mil right?

  • Oct 8, 2021

    250 m

  • Oct 8, 2021
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    1 reply
    Kanyigga

    Nah I hear you fam. But what's the value of that property. Couple mil right?

    Eh I’m not a very risk tolerant guy so somewhere between 600k-900k realistically. Wouldn’t wanna be jacked to the t*** in leverage