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Interesting, as 1M USD isn't that much money when you're 35. Even with a house and car(s) paid off, that's not a lot of yearly income to cover health insurance
by jleyank 3y ago
Interesting, as 1M USD isn't that much money when you're 35. Even with a house and car(s) paid off, that's not a lot of yearly income to cover health insurance and the other expenses. Maybe his wife covers the insurance aspect and has a job that provides living expenses?
- rendx 3y agoAccording to the various "FIRE" analyses, ~4% are likely "safe" to spend annually. $1m * 0.04 = $40,000 "for the year 2020, the U.S. Census Bureau estimates that the median annual earnings for all workers (aged 15 and over) was $41,535" https://en.wikipedia.org/wiki/Personal_income_in_the_United_States https://en.wikipedia.org/wiki/Personal_income_in_the_United_...