3 ms·

7 M€ is great but at 2% a year, it is 140k€ of income. This more or less would mean a 200k€ job. This is great, but not "I am insanely rich" great. If I were

7 M€ is great but at 2% a year, it is 140k€ of income. This more or less would mean a 200k€ job. This is great, but not "I am insanely rich" great. If I were you I would either try to find something to do that would drive me to that level (you can take risks now), or (most probably, but it's because it's me) take a job that does not pay much but they will make you happy (interaction with people, low stress, ...)

throw_this_one 5y ago
Yeah I think there's a level of about 1-15 mil where you're not like baller level rich but you have more than enough to explore the world and live a very very comfortable life.
- BrandoElFollito 5y ago
  The low millions, at least in Western Europe, is not enough to sustain a comfortable life without working when you are 10+ years from retirement. Of course you can always go for a frugal life but the average middle class one (vacations, no much worries when going to the supermarket, ...) for a family of 4 is not easily doable. When you have the 7M€ OP has, you have a realistically stable income of 140k€ post taxes which is very comfortable. I think that the tipping poing is around 5M€.
  - throw_this_one 5y ago
    That's with no income at all for the rest of time, etc.
benhurmarcel 5y ago
In western Europe a family can live very decently on a 60k€ salary. That’s what a lot of senior engineers make. At 140k€ you’re quite rich.
- BrandoElFollito 5y ago
  Obviously "decently" depends on individual perception. For me this is owning in an apartment or house with a room for everyone + living room, going to ski, going on vacation (summer and another one from the school vacation + once every 2 years a bigger one far away), not having to worry about the grocery store (I take what I need without looking at the price). I am quite frugal so i do nto care at all about clothes and have no opinion about that. I have a 10 years old TV that is going great and I will change it only when Iit breaks. Same for the home server that is 6 years old and will stay at least 6 years more). Plus a car. Long term: being able to send children to a good university - in France this means about 120k€ per child (all costs included). Even longer term: retiring without loss in the comfort described above. I am not sure it is doable on a 60k€ salary for a family of 4.

throw_this_one 5y ago

Yeah I think there's a level of about 1-15 mil where you're not like baller level rich but you have more than enough to explore the world and live a very very comfortable life.

BrandoElFollito 5y ago
The low millions, at least in Western Europe, is not enough to sustain a comfortable life without working when you are 10+ years from retirement. Of course you can always go for a frugal life but the average middle class one (vacations, no much worries when going to the supermarket, ...) for a family of 4 is not easily doable. When you have the 7M€ OP has, you have a realistically stable income of 140k€ post taxes which is very comfortable. I think that the tipping poing is around 5M€.
- throw_this_one 5y ago
  That's with no income at all for the rest of time, etc.

benhurmarcel 5y ago

In western Europe a family can live very decently on a 60k€ salary. That’s what a lot of senior engineers make. At 140k€ you’re quite rich.

BrandoElFollito 5y ago
Obviously "decently" depends on individual perception. For me this is owning in an apartment or house with a room for everyone + living room, going to ski, going on vacation (summer and another one from the school vacation + once every 2 years a bigger one far away), not having to worry about the grocery store (I take what I need without looking at the price). I am quite frugal so i do nto care at all about clothes and have no opinion about that. I have a 10 years old TV that is going great and I will change it only when Iit breaks. Same for the home server that is 6 years old and will stay at least 6 years more). Plus a car. Long term: being able to send children to a good university - in France this means about 120k€ per child (all costs included). Even longer term: retiring without loss in the comfort described above. I am not sure it is doable on a 60k€ salary for a family of 4.