this post was submitted on 26 Aug 2024
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Asklemmy
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In my mind, rich means not having to work again. A couple million doesnβt even get close, sadly.
I'd agree with this guy's definition of rich
The word you're looking for is "wealthy."
Please give me a couple millions.
What the hell is your lifestyle? The returns on an investment of 2 million dollars is like high 5 figures low 6 figures every year.
Here in Australia, it's costing our family of five about $100k a year to live, excluding our mortgage. 4% return ($80K) is conservatively realistic here (for low risk investment), and still isn't enough.
Like I said, while it would've set me up with a house and no debt, I'd still have to work to pay for the cost of living.