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-   -   how much money is needed to live a rich life? (https://www.aspkin.com/forums/general-money-chat/130157-how-much-money-needed-live-rich-life.html)

alex45 11-20-2019 08:23 AM

Re: how much money is needed to live a rich life?
 
happiness and wealth are two different things
https://en.wikipedia.org/wiki/World_Happiness_Report

mmcfarland 12-26-2019 06:30 PM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by nickopedia (Post 1037457)
Having a college degree is no longer a guarantee of financial success. This may have been true 20 years ago, but all the rules of the success game have changed dramatically. Employers are beginning to realize the really smart people didn't necessarily graduate from an ivy league university with some fancy piece of paper.

I find it amazing that high schools still tell lies to students they won't amount to much unless they go on to College/University. In my opinion, the US education system is one of the biggest scams going of the 21st century.

But that's were they learn to party hardy.

mmcfarland 12-26-2019 06:53 PM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by Kingcookie (Post 1037514)
No need for 10mill

Invest 400-600k, delete PayPal & you are done

10mill in your bank will drain to 0 in 30-40 years

Not really sure what your saying.

If you have 10 million you can live of that for the rest of your life. Certain colleges have federal funds that guaranty %8 return yearly at the minimum. 10,000,000 X.08 $800,000. I dont know about you but I would love to have 800,000 a year to live. with 10 million invested right you are more likely to see your money increase over 30-40 years.


Getting to 10 million is the hard part. Even you are a professor with the department chair you still have to live modestly for 25-50 years to reach 10 million. I hope I can enjoy the money when I am old.

The best way to get 10 million (young) is to become a famous musician or actor. Followed by Being a hugely successful business own funded by a great idea that creates investors or by rich family.

Frodo 12-26-2019 11:12 PM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by agent006140 (Post 1050210)
I take wealth over happiness any time,with wealth I can generate happiness!
With wealth,I dont have to work my fingers to the bone,I can sleep like a baby,I can be generous ,hospitable,benevelent ,I can make other people happy

The real happiness is spiritual tranquility created through mental state of positive senses and deep understanding of one's true self.
Wealth is material abundance which mostly serves to satisfy your egoistic needs. The best it can offer is "an illusion" of happiness.

farazc 12-26-2019 11:29 PM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by Frodo (Post 1057717)
The real happiness is spiritual tranquility created through mental state of positive senses and deep understanding of one's true self.
Wealth is material abundance which mostly serves to satisfy your egoistic needs. The best it can offer is "an illusion" of happiness.

100% agree with you. Do what makes you happy not what makes you rich.

RipeBanana 12-27-2019 03:32 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by H4ck (Post 1037328)
how much money do you think is needed to live a rich life?

I believe you need at minimum 10 million dollars in 2019 money......to live a fairly nice life in America or the 1st world countries to really enjoy all that life has to offer and that is for 1 person from 20 years old all the way to 95 years old......provided that the person has an education and continues to reinvest their money properly.

10 million / 75 years = 133k/year

11k/month

personally thats why I kind of want to give up on life........I will never reach that goal most people in their 60s generally retire with only about 200k in their savings account on average

people think I am crazy that I should be the happiest person on earth raking in 30-50k a month in profit but its hard to sustain I think I can only sustain this for another year or two. I don't pay attention to 1 or 2 years of money I pay attention to the entire lifespan and how much it costs to live like a king on earth every single day until you die.


Wanna give up on life because you cannot attain a certain level of materialism?

Maybe you need to re-evaluate what a nice life is.

rsot 12-27-2019 06:03 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by RipeBanana (Post 1057733)
Wanna give up on life because you cannot attain a certain level of materialism?

Maybe you need to re-evaluate what a nice life is.

Materialism does that to you, true

just_smile 01-01-2020 02:40 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by H4ck (Post 1058542)
my annual income this year, I am in the top 1% in the country....yet to me I do not feel like I have made an incredible accomplishment.

That's because you spend all your spare time making up stories on the Internet.

rsot 01-01-2020 09:01 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by FlyTo (Post 1058111)
Money is never enough. You always want to have more than you have, such human greed.

Welcome to the forum - all the best as you master stealth :thumb:

aspkin 01-01-2020 01:49 PM

Re: how much money is needed to live a rich life?
 
I think it depends on your lifestyle and where you live.. you can live like a king for 1k a month in certain parts of the world but in other parts you can't even rent a place to live.

Maybe find out what you want in life.. figure out where you can get that for the best price and make life decisions to get you there.

A lot of places in East Asia you can live like a king for pretty cheap compared to Western countries. Thailand for example. For 2k a month you can party everyday if you want.

Money isn't everything. Sure it's important but you should just treat it as a tool rather than your life purpose. I made that mistake when I was younger. It was all I cared about. It's only now I'm taking a step back and realizing money makes life easier and richer but it shouldn't be the source of your happiness.

iamdeadinside 01-01-2020 03:20 PM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by aspkin (Post 1058650)
...money makes life easier and richer but it shouldn't be the source of your happiness.

^^ This ^^

Emporium 01-01-2020 04:38 PM

Re: how much money is needed to live a rich life?
 
Just a little bit more.

rsot 01-02-2020 06:27 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by Emporium (Post 1058692)
Just a little bit more.

A little is not a lot though :ballchain:

ebaystealth1974 01-02-2020 09:21 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by H4ck (Post 1058757)
the real answer is I have no phucking idea what happiness is...

Fixed that for you...

sax4 01-02-2020 10:45 AM

Re: how much money is needed to live a rich life?
 
H4ck only started this thread to tell everyone how much money he claims to be making :)

aspkin 01-02-2020 11:28 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by H4ck (Post 1058757)
the real answer is money does buy happiness you and I just never experienced it to the highest degree before...billions of dollars...

Lol, you don't need very much money to be happy. :)

I think happiness can be had with a medium income + other sources of happiness such as good health, friends, family.

Billions of dollars without good health, friends and family.. I don't think I would be as happy.

Adultsitem 01-02-2020 12:17 PM

Re: how much money is needed to live a rich life?
 
If you can manage your money well, you can have a rich life even with 1-2m usd.

JamesNorth101 01-02-2020 12:30 PM

Re: how much money is needed to live a rich life?
 
You should see what you can get in the UAE for that money. Goes a lot further!

chrielwu 01-02-2020 11:47 PM

Re: how much money is needed to live a rich life?
 
Different countries, different consumption, different lifestyles and beliefs.
To make you happy, money is important, but it is only part of it. not all.

rsot 01-04-2020 10:03 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by agent006140 (Post 1059067)
not having enough money can make your life miserable,

Feel free to elaborate? :pop2:

dan_ebay 01-04-2020 06:37 PM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by aspkin (Post 1058650)
I think it depends on your lifestyle and where you live.. you can live like a king for 1k a month in certain parts of the world but in other parts you can't even rent a place to live.

Maybe find out what you want in life.. figure out where you can get that for the best price and make life decisions to get you there.

A lot of places in East Asia you can live like a king for pretty cheap compared to Western countries. Thailand for example. For 2k a month you can party everyday if you want.

Money isn't everything. Sure it's important but you should just treat it as a tool rather than your life purpose. I made that mistake when I was younger. It was all I cared about. It's only now I'm taking a step back and realizing money makes life easier and richer but it shouldn't be the source of your happiness.

Maybe 10-20 years ago, not anymore. I live in the Philippines for most of the year, spend $3k a month and not living like a king lol.
It's only really services that are a lot cheaper, and real estate but then that's partly an investment anyway. Good quality food, clothes, electric, gas, electronics are all more expensive here than in the US.

sax4 01-05-2020 05:11 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by dan_ebay (Post 1059326)
Maybe 10-20 years ago, not anymore. I live in the Philippines for most of the year, spend $3k a month and not living like a king lol.
It's only really services that are a lot cheaper, and real estate but then that's partly an investment anyway. Good quality food, clothes, electric, gas, electronics are all more expensive here than in the US.

Well living like a King is an exaggeration of course, but on $3k USD you are living a very comfortable life in the Phillipines

Let's say for example you are living in Davao City, average salaries there are $250 a month, so you're spending 12 times that amount, and you have the luxury of also saving money.

dan_ebay 01-05-2020 08:48 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by sax4 (Post 1059381)
Well living like a King is an exaggeration of course, but on $3k USD you are living a very comfortable life in the Phillipines

Let's say for example you are living in Davao City, average salaries there are $250 a month, so you're spending 12 times that amount, and you have the luxury of also saving money.

Comfortable yeah but not really luxurious atall. Luxury items tend to be more expensive like I said. Nice cars, good quality food etc as it's all imported and/or taxed to death. The only big saving is cheap (slave) labor, so I could get a cheap cook, maid etc if I wanted to but the last 1 tried to burn my house down so I don't fancy it to be fair lol.

rsot 01-05-2020 08:53 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by tinsoldier (Post 1059235)
FFS don't encourage them. :tears:

I'm sorry :pry:

rsot 01-07-2020 06:09 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by FlyTo (Post 1059632)
Someone can be rich with few thousand and for another one to have few millions is not enough

Very true.

Welcome to the forum - all the best as you master stealth :thumb:

cricket901662 02-17-2020 06:01 AM

Re: how much money is needed to live a rich life?
 
Passive income that you can keep building on is what my aim is.not having to get up n do a dam thing if I don’t want

houdafetny 04-17-2020 07:35 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by chrielwu (Post 1058928)
Different countries, different consumption, different lifestyles and beliefs.
To make you happy, money is important, but it is only part of it. not all.

yes this is right

Sunspot144 04-22-2020 04:08 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by cricket901662 (Post 1070066)
Passive income that you can keep building on is what my aim is.not having to get up n do a dam thing if I don’t want

Agree with this, though I hope to become large and knowledgeable enough to be able sustain my investments during any kind of shifts in economy.

Lots of money earned through compounding, improved work methods makes me very happy.

Ozzie_Stealth 05-04-2020 04:30 PM

Re: how much money is needed to live a rich life?
 
50 k a month

Abordage 05-05-2020 02:17 AM

Re: how much money is needed to live a rich life?
 
It depends what is rich for you!

stealthnorris 05-08-2020 02:12 AM

Re: how much money is needed to live a rich life?
 
Depends on your interpretation of rich

if you have 5k a month and lived in asia you would be living very comfortably.
5k in America and you're barely eating.

rsot 05-11-2020 12:52 AM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by Abordage (Post 1091121)
It depends what is rich for you!

Welcome to the forum - all the best as you master stealth :thumb:


agnostixxx 05-28-2020 05:35 PM

Re: how much money is needed to live a rich life?
 
Quote:

Originally Posted by verifywithsms (Post 1094795)
11-15k a month and have an autopilot business

Any high revenue business will turn into a dead&dry one within a time if you would hope only on "autopilot"

Evofox 06-08-2020 05:07 PM

Re: how much money is needed to live a rich life?
 
Back in 2018 I was living like a King when I moved to Milan, making 800 euro every week was enough to eat every day outside and go party, I think that in Europe you can live a good life making 2500/3000 euro a month.

Joe_Joe 06-08-2020 05:34 PM

Re: how much money is needed to live a rich life?
 
83,333.33333333 per month to make 1,000,000 per year ;)


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