I read from anons here that a million dollars isn't enough and that you need 5kk minimum, 10 would be comfier. What the fuck? Most people don't even earn a million in their lives, how the fuck do you spend? In germany I could easily lay back and retire on 1 million dollars, buy a bunch of rent property for half of the money for yearly income and buy a property for myself, 300k is more than enough for a great home. Then you'd still have a couple hundret thousands to use as a cushion or to invest and with my gf I spend maximum 20k on basic shit a year. A million would do, I'd have to be conservative but it would be enough to be set if diversified correctly. Anything above that would just be more comfiness, I don't need 5 million.
>I read from anons here that a million dollars isn't enough and that you need 5kk minimum, 10 would be comfier. Those are some idiot asspulls right there. But yes, I do agree that more money is comfier.
>What's your number? You see, you have to calculate your liabilities and prop it against your assets which varies from person to person and circumstance to circumstance. An extreme /out/guy would have a different balance sheet than a city-bitch with a daily starbucks consumption.
Oliver Richardson
True. I guess I'm a shut-in autist who somehow got a gf at 15 and never broke up. Because I never spend money on anything, only food, rent, internet and christmas presents.
Luis Harris
Fellow German here. 5 million to quit my wagecuck job, 10 million to be comfy, 30 millon to make it.
Vienna calling. Side note: - For Dollar to Euro you must divide by 1.2 - For a San Francisco Dev job that pays 100,000$, you'd earn "just" 65,000 in Germany, and that's before taxes, which are higher in Germany. Rent is different and food as well. In fact, German food is even cheap compared to Austrian food by some factor. tldr you must talk per country. Also note that Americans don't understand socialist politics, e.g. they rather have the citicens that make for the nation pay for education than having educated people but therefore less gov ruIes. t's a mindset
I'm in my mid 20s, have 500k in liquid assets and live in northern Europe. I would need about 3MM to be comfy retiring. I don't play on spending my life as a NEET though so it's sort of irrelevant. When people throw around numbers like 5MM they are talking about living a good lifestyle for the rest of their lives. 20k/year is enough to survive, but if you want to be able to afford things like travel, a nice apartment, good food, having kids, a decent car, going out on nice dates etc. AND have enough passive income to support that lifstyle for 40 years+ then 1MM is far from enough.
Noah Ortiz
based i agree. I would even say truly lambo making it is over 50 mil. Better 100 mil to be sure.
James Morgan
The ultimate redpill is to have $1m+ in the bank (or vanguards) and to keep working a job to build your wealth even more
