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Making Money Flipping, Investing, You Name it. Letís discuss other ways of making money!

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  #89  
Old 04-22-2020
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Default Re: how much money is needed to live a rich life?

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Originally Posted by cricket901662 View Post
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.
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  #90  
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Default Re: how much money is needed to live a rich life?

50 k a month
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  #91  
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Default Re: how much money is needed to live a rich life?

It depends what is rich for you!
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  #92  
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Default 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.
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  #93  
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Default Re: how much money is needed to live a rich life?

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Originally Posted by stealthnorris View Post
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.
if you live in Toyko,HK,Singapore,$5k -you are barely eating .
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  #94  
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Default Re: how much money is needed to live a rich life?

One can live well with $5k a month in many parts Of USA,if you own your own home or pay rent under $1K a month,relatively healthy,no credit card debt,eat in or eat out.
rent and utilities-$1200
auto payment if you still owe an auto loan -$450 plus insurance =$500
grocery $500
gas,haircut,laundry etc $200
health insurance and prescription drug $500
what else?
I know many who would be happy to live with $3k a month
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  #95  
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Default Re: how much money is needed to live a rich life?

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Originally Posted by Abordage View Post
It depends what is rich for you!
Welcome to the forum - all the best as you master stealth

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  #96  
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Default Re: how much money is needed to live a rich life?

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Originally Posted by H4ck View Post
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.

11-15k a month and have an autopilot business
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  #97  
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Default Re: how much money is needed to live a rich life?

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Originally Posted by verifywithsms View Post
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"
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