Million dollars is enough to retire if you invest that into stock markets and life off the interests which would average 70k a year.
0x01@lemmy.ml 1 week ago
A million dollars doesn’t really change your life much, the biggest difference is probably owning a home or having more money invested, but you’re still going to have to work.
Opinionhaver@feddit.uk 1 week ago
0x01@lemmy.ml 1 week ago
Assuming you already own a home, and the stock market stonks upward forever, yeah. Otherwise you’re renting and in 30 years when rent is 15k/month you’re outta luck.
Opinionhaver@feddit.uk 1 week ago
I own a house and I don’t make anywhere even close to 70k a year.
Yes it does assume economic growth over the rest of my lifetime but it has done that for the past 100+ years so it’s not a completely unreasonable expectation and even if that is not the case then we’d all be screwed either way.
Dropper_Post@lemm.ee 1 week ago
you are clearly not reading my question, this is not reddit
datavoid@lemmy.ml 1 week ago
Wake up, eat 6 hardboiled eggs, go to my job as a bouncer (I’m a strong lady as I’ve been eating 6 eggs every morning), come home, take my poodle Randolf for a swim in the river, check my investments, then shit post on Reddit for 6 hours.
Is that what you were imagining?
andrewta@lemmy.world 1 week ago
Pretty much dead on.
Million isn’t that big of a dollar amount when you look at cost of living