Viewing a single comment thread. View all comments

DarkSoulFWT t1_j6coxu0 wrote

Reply to comment by Previous_Call_7215 in One day, being a millionaire is not going to be considered rich. by Coronazonewearmask

By his standard that you can choose not to work and still be fine, no, it isnt. Not even close to rich. You will need like 3-4 million iirc just to make it through your whole life with a good standard of life. Just having 1m isnt enough.

Ofc if you continue to work and you get to that 1m mark early then yes you are quite well off, but again, it is hard to say you are really rich imo. Its good money, but its not "fuck my job, i do what i want" money.

4

BushyOreo t1_j6f1wm5 wrote

I mean, just 1 million is already 50k at 5% interest a year. That's plenty to live off of for a lot of people. It may not give you round the world trips and yacht parties, but most people already live that life and are happy. Now take that same life and remove the work aspect and you are retired

1