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This is a good example; no one has to worry about finances for the rest of their life if what they've already saved up can sustain them for the rest of their li
by EADGBE 8y ago
This is a good example; no one has to worry about finances for the rest of their life if what they've already saved up can sustain them for the rest of their life. Just as a squirrel doesn't need be concerned with finding food again if its nestegg is properly stocked.
So many people are so concerned with The Jone's and new cars and high-expense lifestyles that it requires a very different kind of number.
It's a formula, and you just need to put in the numbers to find what works. For some maybe that's $200k. For others, maybe $200M.
- Unfortunately, this whole thread is yet another example of the HN bubble.
- scarface74 8y agoI could come up with a lifestyle where my wife and I could live off of $200k, a paid for house and social security if the social security amounts that we would be entitled to now don’t change when we are retired (inflation adjusted). It wouldn’t even be a hard life that wouldn’t allow us to have some fun, travel, etc.