Elon Musk deleted several tweets of his without apology after getting called out for promoting two disreputable accounts he held up as reliable sources.
You’d never get to a billion, because nobody needs a billion to live. You only get to a billion by being insane, thinking you need to get the high score in capitalism.
People who say they’d retire and walk the earth would just do that at a million or four, and not wait until you hit billions to stop.
2 million at 6 percent a year in gains/dividends is 120k a year. I would say a vast majority of us could live a very comfortable life with 2 million. That’s a middle class income for the rest of your life.
The sad thing is we’re all closer to 2 million than 2 million is to the 200 billion Elon is worth.
That’s still plenty to live a comfortable life (assuming your investments allows you to adjust this figure for inflation in perpetuity). Maybe not everywhere, but since you don’t have to work anymore you’re quite flexible.
Depends on how old you are when you retire. 3-3.5% is much safer if you are like 20yo and never want to (or can’t) work again.
4% is plenty safe if you are 65yo. Once you hit 80+ your expenses are probably going to be pretty low, you probably own your house, probably aren’t traveling much, and you don’t really need more “stuff”.
You can’t do anything with five, Greg. Five’s a nightmare. Can’t retire, not worth it to work. Oh yes, five will drive you un poco loco. Poorest rich person in America. The world’s tallest dwarf.
Also kind of like the end result of the show, “Who Wants to Marry a Millionaire.” They went through this whole show and the girl that won thought she was going to ball out in mansions and exotic cars with a closet bigger than her house. Nope. The dude lived a humble life in a very normal house in the suburbs. He was a very typical millionaire, paid off home, decent 401k, and some money in the bank so he was comfortable, but not insanely wealthy. She was pissed, and the marriage didn’t last long, if I remember correctly.
The show is about a Rupert Murdock-type multi-billionaire and his children, who have always lived in absolute luxury. 5M is nothing for them, for example one of them asks his father for financial help to the tune of $100M.
You’d never get to a billion, because nobody needs a billion to live. You only get to a billion by being insane, thinking you need to get the high score in capitalism.
People who say they’d retire and walk the earth would just do that at a million or four, and not wait until you hit billions to stop.
2 million at 6 percent a year in gains/dividends is 120k a year. I would say a vast majority of us could live a very comfortable life with 2 million. That’s a middle class income for the rest of your life.
The sad thing is we’re all closer to 2 million than 2 million is to the 200 billion Elon is worth.
The “rule” is 4%, and even that bummer is high at this point. I think 3, it 3.5 is closer to reality.
So it would get you ~60k.
That’s still plenty to live a comfortable life (assuming your investments allows you to adjust this figure for inflation in perpetuity). Maybe not everywhere, but since you don’t have to work anymore you’re quite flexible.
Depends on how old you are when you retire. 3-3.5% is much safer if you are like 20yo and never want to (or can’t) work again.
4% is plenty safe if you are 65yo. Once you hit 80+ your expenses are probably going to be pretty low, you probably own your house, probably aren’t traveling much, and you don’t really need more “stuff”.
Reminds me of this quote from Succession:
Also kind of like the end result of the show, “Who Wants to Marry a Millionaire.” They went through this whole show and the girl that won thought she was going to ball out in mansions and exotic cars with a closet bigger than her house. Nope. The dude lived a humble life in a very normal house in the suburbs. He was a very typical millionaire, paid off home, decent 401k, and some money in the bank so he was comfortable, but not insanely wealthy. She was pissed, and the marriage didn’t last long, if I remember correctly.
Can’t retire on 5 mil…?
The show is about a Rupert Murdock-type multi-billionaire and his children, who have always lived in absolute luxury. 5M is nothing for them, for example one of them asks his father for financial help to the tune of $100M.