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Post by jhawkr on Feb 25, 2021 8:53:43 GMT -5
Disclaimer:
I am not now, nor have I ever been, a rich man.
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Post by jefe46 on Feb 28, 2021 21:39:42 GMT -5
Today's 1 million is yesterdays $75 K.
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Post by gato on Mar 1, 2021 6:45:17 GMT -5
When I was a kid, the brass ring to reach for was making $10,000 a year.
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Post by slacker 🐨 on Mar 1, 2021 12:24:11 GMT -5
When I was a kid, the brass ring to reach for was making $10,000 a year. Yeah, I remember talking with co-workers and saying "Man, if I could just get up to $16K/year, I could live like a kings". An anesthesiologist was walking by and he said "I don't know how anyone could live on less than $60K/year". $60K, to us, was just an insane amount of earning for a year. I'm sure he was making 3-4 times that at the time. |
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Post by jhawkr on Mar 1, 2021 12:32:56 GMT -5
I think my big ‘made it’ moment came in the 80’s when I topped $25K. I swear I was better off financially then, than 4 times that at retirement.
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Post by LVF on Mar 1, 2021 12:34:33 GMT -5
Today's 1 million is yesterdays $75 K. ^This^. According to the last time I checked, the Bureau of Labor Statistics says a dollar is worth a dime when I use my birth year as a starting point. YMMV. Do the math.  Edited to add, I have more that enough money to see my way through to the dirt knap. I'm perfectly happy not being rich as all that does can make you crazy...IMO, of course. |
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Post by Ricketi on Mar 1, 2021 13:28:48 GMT -5
Today's 1 million is yesterdays $75 K. ^This^. According to the last time I checked, the Bureau of Labor Statistics says a dollar is worth a dime when I use my birth year as a starting point. YMMV. Do the math. Edited to add, I have more that enough money to see my way through to the dirt knap. I'm perfectly happy not being rich as all that does can make you crazy...IMO, of course. Thanks for deflating my bubble! LOL |
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Post by slacker 🐨 on Mar 1, 2021 14:21:46 GMT -5
Today's 1 million is yesterdays $75 K. ^This^. According to the last time I checked, the Bureau of Labor Statistics says a dollar is worth a dime when I use my birth year as a starting point. YMMV. Do the math. Edited to add, I have more that enough money to see my way through to the dirt knap. I'm perfectly happy not being rich as all that does can make you crazy...IMO, of course. Being rich may be a PITA, but there's a lot to be said for not having to worry about money so much. |
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Post by jhawkr on Mar 1, 2021 15:54:31 GMT -5
The trouble with having a lot of money is there is always someone trying to relieve you of it.
BS&T said it, “ and when you got money, you got lots of friends, hanging ‘round your door”.
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Post by Stratluvr on Mar 1, 2021 19:52:10 GMT -5
That is why people with money usually only hang out with other people with money.
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Post by Jim D. on Mar 1, 2021 20:30:06 GMT -5
Wow. I do not consider having no mortgage as part of my retirement. I have zero debt in addition, but a million in separate funds is in no way a comfortable future. End up in extended care and that is no money at all. If I am categorized as rich, I don’t see it. 2 1/2 million free and clear is the new comfort zone once debt free. I am not exact there but between my wife and I we do receive almost 60K in SS. Yes we waited until it was maxed out.
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