I was just running through this hypothetical with my wife last week. We settled on $5,000,000 USD as a bare minimum.
3 million USD. I’d still run my farm but I wouldn’t work my job job anymore. Just means I’d upscale the farm a small amount and give away a larger percentage of my products. 3 is genuinely low but I have very little debt as is and a reasonable lifestyle.
Impossible to answer with all this AI BS that’s about to implode & take down a significant chunk of the economy with it.
20 or 25 times my annual expenses. There is an entire movement on the Internet dedicated to save up and then never work again. FIRE is the Google term if you’re curious.
My work is basically what I’d do with my free time anyway. If I had a mill in the bank, I’d just have better cameras and more woodworking tools than now, and worry slightly less about selling the products thereof, but I’m pretty frugal as it is so I don’t work much and have a pretty easy life already
24 mill USD equivalent:
400000 that I can use every year until I’m 100 (I probably won’t live that long, so my kids get whatever remains). It’s much more than I need, but I want a lot of leeway to maneuver whatever the financial markets burp up. Then sum should allow for positioning in a manner that makes sure the fund itself isn’t eaten up by inflation.
I first thought 12 mill, but realized that my anual “salary” would be of diminishing value due to inflation, so I doubled it to be on the safe side.
2 million euros would be enough for me to live comfortably for 50 years.
I’m shocked at the huge sums people are posting. I agree 2 million is loads. 600k for a house then the rest is 2k per month of disposable income for 60 years.
600k for a house could also mean 15k in yearly taxes or more depending on where you live.
right, here in Australia, where I am annual property taxes are AUD$1800.
1 million € would make for pretty comfortable living. Though I suppose I’d need to put it somewhat higher, because otherwise I’d be tempted to do part time work once in a while, so maybe 1.5 million.
3 thoughts of school:
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Actually never working at all from my 30s onward, probably around 10 mil €.
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Quitting my job and getting into lazy investment to get a passive income, around 1.5 mil €.
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Playing into me being passively suicidal, if I loose my job and the number hits zero, I’m just killing myself. Technically that would also mean I don’t have to work again.
Number 3 is the most realistic one.
- Playing into me being passively suicidal, if I loose my job and the number hits zero, I’m just killing myself. Technically that would also mean I don’t have to work again.
Dude, if you really want to do that, don’t waste your life pointlessly: rob a few banks and give the money to charities, Luigi a few billionaires, and play cat-and-mouse with the cops until they find you, and then make sure they suicide you, not you.
Nah man. Finding your peace in a forest, surrounded by nature with nothing to your name, that’s where it’s at.
I agree. I live out in the sticks myself - not with nothing to my name, but I certainly haven’t saved anything for old age - and I have few needs. But this is not the thing OP was envisioning. And while I think it’s a terrible idea on its face, I just remarked that they could off themselves more productively if that’s what they really wish.
Technically that would also mean I don’t have to work again.
But if you are dead, you will never feel comfortable again. Technically that does not fulfill OP’s question. 😉
What is more comfortable than returning to the void from whence we’ve came?
Literally everything in existence is more comforting and simultaneously discomforting than the nonexistent void.
Comfort, as well as discomfort, are things not conceivable nor experienced in the void of nonexistence, since, y’know, they don’t exist (along with everything else).
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700k and I’d be choosing to be dirt poor in monetary value.
But I’d have freedom to live. Not lavishly, but I’d be free. Read books. Exercise. Creat art. Love, maybe.
There are many things in life that are both valuable and nearly costless. That’d be better than what I do now.
💯 👏
1mil but I’d probably still work. I’d wanna be a fulltime BERRT nurse (Behavioral Emergency Rapid Response Team) and just wander around the hospital at night calming patients down. I’ve done a little BERRT work but most hospitals won’t pay a living wage for someone to do that full time. It’s usually just lumped on the psych unit charge so they can only respond when they’re not busy which defeats the point of an emergency response protocol. Doing that full time and just wandering around the hospital giving fake cigarettes to people with Alzheimer’s and talking people withdrawing into sticking it out through their detox protocol would literally be my dream come true LOL.
How shit capitalism is. My friend, if I was one of these $200-300-400-500k passive incomes people have been posting, I would gladly live far more modestly so you could do what you love.🧡
❤️
1 million euros, if I live on 6% interest.
-$40,000.
Any lower and I’m throwing in the towel on this honest work and going into a life of crime. I mean, it’s still kind of a job, but you set your own hours, unlimited time off, and there’s hookers and blow.
5 million euros probably.
probably 7 million, minimum.
1 million for a house, furniture, car, debts.
then about 6 million into one of those savings accounts that give like 3% interest but are heavily restricted on transactions and such, and just like once a year pull the interest out and live off that… should be more than enough to cover a year of decent living if you arent stupid… and any money left over at the end of the year can be put back into the account to slowly increase the base amount and thus how much you get in interest every year.
