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From everything I've heard, the cutoff is around $25MM to really not have to ever worry about money
by dsugarman 11y ago
From everything I've heard, the cutoff is around $25MM to really not have to ever worry about money
- jpmattia 11y agoIt really depends on your personal burn rate. In truth, I'm a bit amazed by many of the HN comments. The materialistic stuff (ferrari bmw etc) has powerful symbolism to many. However, if you look at the article, it is mainly about those nearing retirement years. Materialistic wealth loses a lot of appeal to those who are older and wealthier, many who realize that such things require care and feeding, and really end up owning you rather than the other way around. PG has a terrific essay about materalistic icons losing much of their appeal once you realize that you could easily purchase them; Not being able to have them is part of their mystique really. The wealth of financial independence (defined as having enough to supply your burn for the rest of your life) enables you to do with your time as you please. Some great questions arise after achieving that kind of wealth, like "What do I want to do with my life?" It turns out that having-a-purpose is of great importance, and that might well appear to younger journalists like continuing to behave middle class.
- limeyx 11y agoPossibly but that amount will barely buy you a decent penthouse pad in Manhattan ....