3 ms·
No amount of salary makes you upper class when the class boundary is defined by having passive income sufficient to meet all expenses. A salary of 2x expenses
by logfromblammo 7y ago
No amount of salary makes you upper class when the class boundary is defined by having passive income sufficient to meet all expenses.
A salary of 2x expenses will put you in the upper class within 22 years (with average market returns), and passive income will fully replace the salary within another 8 years, but until then, that's still middle class.
Basically, if you can afford to invest 1/6 or more of your income, you can make it to upper class within your lifetime, and still have time left to enjoy it.