2 ms·
As someone in my 20s, I couldn't even retire with $1m. On the other hand, I could live off the interest alone in a savings account with $1b. (Obviously putting
by Zambyte 3y ago
As someone in my 20s, I couldn't even retire with $1m. On the other hand, I could live off the interest alone in a savings account with $1b.
(Obviously putting $1b entirely into a savings account is a terrible idea, just making a point)
- SketchySeaBeast 3y agoAnd that's why I drew a distinction between the "owning a home and having a retirement plan" millionaire and the truly wealthy multimillionaire sort.
- smallerfish 3y ago> I could live off the interest alone in a savings account with $1b. I mean, you could live off the interest alone in a savings account with $5m (you can easily get 2.5% at the moment.)