What is actually "never work again" money in a first world nation in 2k24?

What is actually "never work again" money in a first world nation in 2k24?

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  1. 2 weeks ago
    Anonymous

    Poorgays get jealous so you have to have a cover story and lie about money.
    This is why you shouldn't neet until you have 8 figures so you can comfortably insulate from them.

    • 2 weeks ago
      Anonymous

      >Poorgays get jealous
      this is one of the facets of the american dream. making people who have less than you hate you unconditionally.

      • 2 weeks ago
        Anonymous

        they already do that, and i don't even have a single million, let alone 10

      • 2 weeks ago
        Anonymous

        Kek it's lonely at the top in 7 figure hell.
        People make up rumors you're selling dope or gay or whatever.

        On fatfire subreddit they say if you can sell 4-5% of your net worth to live off of you're good to retire.
        So if you're comfortable being around poorgays 1-2m is plenty, if you want country clubs gated community you want 10m minimum.

  2. 2 weeks ago
    Anonymous

    At least $10M.

  3. 2 weeks ago
    Anonymous

    If you know how to beat the market and aren't a consoomer then 500k.

  4. 2 weeks ago
    Anonymous

    $2.8m-ish = comfy, modest no work life

    • 2 weeks ago
      Anonymous

      This. 2m early retirement is possible, but it's scraping by in CA. Considering a home costs nearly a million in any decent area.

      • 2 weeks ago
        Anonymous

        I'm still stuck in CA, everyone I know plans on leaving CA for retirement.

        • 2 weeks ago
          Anonymous

          No one wants any of you leaving California

          • 2 weeks ago
            Anonymous

            By the time they retire they might not be leftist foot soldiers anymore

  5. 2 weeks ago
    Anonymous

    Why do you need a massive stash of cash to fulfill this goal? Why can't you just monetize an activity you enjoy doing anyway such that you can survive off the cash flow?

    • 2 weeks ago
      Anonymous

      why are you such an underage homosexual and why havent you fricked off from my board

  6. 2 weeks ago
    Anonymous

    Assuming you are unemployed (meaning no income, no taxes and no health insurance), no inflation and a 50 year time frame:
    >$600,000 for rent @ $1k a month
    >$180,000 for food @ $300 a month
    >$100,000 vehicle expense @ 1 new $25k car every 12-13 years
    >$60,000 for gas @ $100 a month
    >$18,000 for insurance @ $30 a month
    >$30,000 for medical expenses (uninsured) (highly variable)
    >$120,000 for entertainment @ $200 a month
    you need just over a million.

    • 2 weeks ago
      Anonymous

      >you need just over a million
      Correct.

      • 2 weeks ago
        Anonymous

        Quadruple all these numbers if you plan on having relationships btw.

        • 2 weeks ago
          Anonymous

          >plapjak.jpg

    • 2 weeks ago
      Anonymous

      >you need just over a million
      Correct.

      Now factor it that, and a likely stock market crash in our lifetime that will mean investments based on stock will have a net 0 or net neg return of investment for a 12-year span.

      • 2 weeks ago
        Anonymous

        That's why you assume a 1-2% rate of return so you can put it all in safe shit like treasury bonds and still have money to reinvest to handle inflation. $120,000 spending ÷ 0.02 interest ÷ 0.50 investment budget = $12M

        • 2 weeks ago
          Anonymous

          What if treasury bonds aren't safe?
          Current crash predictions put the american government being moronic and putting the global financial system in jeopardy to save their parasitic club of political theatre kids.

    • 2 weeks ago
      Anonymous

      >no inflation
      Cool it with the antisemitism

    • 2 weeks ago
      Anonymous

      Uninsured medical expenses will frick your shit up in just one visit (assuming you’re from the US). You better hope you don’t go to the ER because they’ll charge you $30k for just an X-ray and an aspirin.

  7. 2 weeks ago
    Anonymous

    My monthly expenses are around $6-7k per month for a very comfortable but not extravagant lifestyle. I'd probably need about 2 million to keep this up the rest of my life. Keep in mind you don't even really need that much since your money grows over time. Use a fire calculator to figure it out I bet you could retire comfortably with less than 2 mil

  8. 2 weeks ago
    Anonymous

    Just dont plan on living long makes it super ez.

  9. 2 weeks ago
    Anonymous

    I’m at the point where I might start gambling away my modest savings because the thought of wage slaving and not being able to live comfortably makes me want to rope.

  10. 2 weeks ago
    Anonymous

    Im looking for 500k and retire in philippines.

    Not going good tho. last time i was there spent too much in prostitutes. Maybe 500k to live and 500k to frick.

    • 2 weeks ago
      Anonymous

      How much are nice prostitutes

    • 2 weeks ago
      Anonymous

      What are rates like there? Also how about just getting a full time sugar baby?

      • 2 weeks ago
        Anonymous

        How much are nice prostitutes

        I got a regular that charge me 4k PHP (about 70 usd) for all night, we fricked maybe 3 times each night.

        You still need to take a shower and dress like a normal person, talk to her a little like if you want to date or you will get one that will just look at the clock.

        • 2 weeks ago
          Anonymous

          > You still need to take a shower and dress like a normal person, talk to her a little like if you want to date or you will get one that will just look at the clock.

          U know this from experience?

          • 2 weeks ago
            Anonymous

            Yes, unironically with my gfs because i get too comfy. With prostitutes i will always shower before going to the bar to pick one up.

    • 2 weeks ago
      Anonymous

      Don't need much money if you die early of crotch rot syphilis

    • 2 weeks ago
      Anonymous

      >philippines
      Vietnam is a much better and safer time.

  11. 2 weeks ago
    Anonymous

    You could reasonably never work again with a $1million investment in the S&P. That leaves you ~$70k/year before taxes to live on, which isn’t bad at all considering it’s just below median household income in most of the US. If you also owned your own home it would be downright comfy,

  12. 2 weeks ago
    Anonymous

    10-20mil to actually feel rich and also never work again

  13. 2 weeks ago
    Anonymous

    being israeli

  14. 2 weeks ago
    Anonymous

    What a stupid fricking question. Multiply what you need per year with how many years you expect to live moron

    • 2 weeks ago
      Anonymous

      The point of the question is your annual expenses will vary. Inflation, medical costs, etc. vs investment returns. What are you 18?

  15. 2 weeks ago
    Anonymous

    $400 mil
    everything else is cope

  16. 2 weeks ago
    Anonymous

    A 100m stack of baby apu

  17. 2 weeks ago
    Anonymous

    Comfy middle class life at 2 million. If you want upper class life then 4 million.

  18. 2 weeks ago
    Anonymous

    depends on your expenses and what kind of shit you want to do. $5mil USD equivalent is probably the minimum goal if you're decently frugal. Shoot for $10 though.

    • 2 weeks ago
      Anonymous

      I already have $10 actually. Guess I'm retiring tomorrow.

      • 2 weeks ago
        Anonymous

        you're all set anon, shit on your boss's desk

  19. 2 weeks ago
    Anonymous

    4% rule is a good way to ball park it. Example, If you want $100k/year, then you need about $2.5mil because $2.5mil x 4% = $100k. Anyone saying you need $10mil is moronic.

    If you just want to subsist and not have to be a slave to a wage, the poverty line for a family of 4 is just over $31k, so over $780k would be enough to raise a family of 4 and not technically be in poverty.

    The median income is ballpark $60k, that's $1.5 mil.

    If you want a single family home, travel, nice car, etc. you'll probably need about $100k, or $2.5 mil.

    If you want a luxury house, multiple luxury cars, travel first class, you'll need $200-300k, or $5-7.5 mil.

    $10mil is frick-you rich. Its basically what "millionaire" was in the past.

  20. 2 weeks ago
    Anonymous

    monthly disposable income is so grossly available it just sits there while you live a mundane above average lifestyle.

  21. 2 weeks ago
    Anonymous

    the yearly upkeep and expenses on a 100 million dollar super yacht is about 23 million
    so realistically you need two billion to really live comfortably.

  22. 2 weeks ago
    Anonymous

    I live in Norway, one of the richest and most expensive countries in the world. I'm 40 and $1 million will be more than enough to last the rest of my life.

  23. 2 weeks ago
    Anonymous

    "Never work again" means resilient against all inflation and economic crashes in the future, so more like $50m-$100m. If you're lucky.

  24. 2 weeks ago
    Anonymous

    And why do you need to be in a first world country? most first world countries are cesspools of morons anyway. Better move to a third world country to be rich with your 200k hottie bag that you can consistently sell for profits and live the life of a king with just 300 usd a month

    • 2 weeks ago
      Anonymous

      I just don't like crime. So I primarily meant safe countries.

  25. 2 weeks ago
    Anonymous

    where I live (shitty country), 1 mil would be enough if you don't live too luxurious

  26. 2 weeks ago
    Anonymous

    £2m, buying a 50yr gov bond at 4% for an income of £80,000 per year.

  27. 2 weeks ago
    Anonymous

    $10M is the magic number

  28. 2 weeks ago
    Anonymous

    In the US, in LCOL area, about $2M

  29. 2 weeks ago
    Anonymous

    People here just shit out numbers that they wish their portfolio will go to, lol, lmao in fact.
    x/.03 for x = the annual income in today's money you would need. I just saved you all a frick ton of time and energy.
    Honestly if you couldn't handle this little IQ test, you were never gmi.

  30. 2 weeks ago
    Anonymous

    10 million.

  31. 2 weeks ago
    Anonymous

    I could live comfortably in sweden on €500k and 5% dividen, 1mil would be better.

  32. 2 weeks ago
    Anonymous

    Average uk life earnings is 600k so that would be the lowest. So I guess £1m would be fine including an outright house purchase

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