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What would you buy with $400k/yr? I define a “great” standard of living as roughly: nutritious food (basic meat, vegetables, spices); a home apartment in an ar
by armchairhacker 1y ago
What would you buy with $400k/yr?
I define a “great” standard of living as roughly: nutritious food (basic meat, vegetables, spices); a home apartment in an area without excessive crime, noise, or pollution; medical care; a couple weeks of vacation per year; ability to frequently purchase cheap things like video games, movie tickets, takeout; ability to rarely purchase more expensive things like high-end technology, quality furniture, very fancy meals; some choice of more frequent vacations, a better apartment/location, fancier everyday food, more things; and everything we take for granted (water, electricity, clean clothes, etc.).
Listing it out it’s actually quite a lot. But is it $400k? I really doubt it (very likely even $100k is more than enough, though inflation will change that). If you or a family member has health issues you may need this much, but that’s the exception (and a failure of health insurance and altruism…)
- rkomorn 1y agoI'd "buy" increased financial safety (which is better than current or decreased financial safety).