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360k of income per year from any source exceeds what 95% of the population in the United States made as of 2021[0]. What do you need that much income for in or
by marcus0x62 3y ago
360k of income per year from any source exceeds what 95% of the population in the United States made as of 2021[0]. What do you need that much income for in order to feel secure? It is going to be very difficult and take a very long time for most people to invest enough capital to produce such an income stream under the conditions you outlined.
Consider that while everyone worries about running out of money, you can also run out of time.
0 - https://www.epi.org/publication/inequality-2021-ssa-data/ https://www.epi.org/publication/inequality-2021-ssa-data/
- candiodari 3y agoWhat do you achieve with large amounts of capital. A few examples ... 1) permanent income security (requires ... let's say 4 million USD cash (NOT in the bank, invested), that's 4 million + 2 million for your spouse). Plus, let's say add 1-2 million per kid allow them to start from such a position in life. 2) ability to start tiny companies without risk (let's say 10 million USD cash per company) 3) ability to start large companies without personal risk (let's say 100 million USD cash per company) 4) ability to have full control not just over financial security but the whole environment around you permanently (don't know, but definitely more than 100 million)
- marcus0x62 3y agoHow much of your lifetime are you willing to expend in order to achieve the items on your list? This isn't a question of what is possible, but rather is it worth it.