29 ms·
I started at $50k, never made more than $200k in a year. My net worth will be a million well before I'm 65. A million isn't what it used to be.
by casralad 5y ago
I started at $50k, never made more than $200k in a year. My net worth will be a million well before I'm 65.
A million isn't what it used to be.
- majani 5y agoA million won't do much in maybe 10-20 cities across the world. Outside of that, a million dollars liquid is still life changing, retirement money
- bradleyjg 5y ago1 million at a safe withdrawal rate of 4% is $40,000 a year. Portland, Oregon in the US is somewhere around the 20th most expensive city to live in. You could survive in Portland on $40k/year but not exactly in some enviable lifestyle.
- bradleyjg 5y agoRight. The term millionaire lost its original meaning and nothing new has replaced it. Even if we go back to the 1820s when the term was coined, the inflation rate hasn’t been nearly high enough for billionaire to work. Decamillionare is probably about right but it’s a mouthful.