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  #1  
Old 09-30-2019
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Default how much money is needed to live a rich life?

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.

Last edited by H4ck; 09-30-2019 at 05:22 AM.
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  #2  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

I agree on both counts.

You need 10M and you should give up on life.
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  #3  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

back then,American middleclass household by the time they retire,they can sell their house (mortgage free) and move to Florida ,buy or rent a condo and park the rest in a bank earning 10-12%.
They have their SS checks ,401k/pension checks to meet their day to day expenses,travel and enjoy their golden years.
Now,they could have a reverse mortgage on their house or second mortgage so by the time they sold their house,the net proceeds could be a lot smaller.
Then comes medicare and medigap premium,prescription drug which is not covered by either.
Some move to MExico,Costa Rica,Malaysia,Ecuador,Thailand,Portugal.
Mexico seems to be quite popular now.
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by agent006140 View Post
back then,American middleclass household by the time they retire,they can sell their house (mortgage free) and move to Florida ,buy or rent a condo and park the rest in a bank earning 10-12%.
They have their SS checks ,401k/pension checks to meet their day to day expenses,travel and enjoy their golden years.
Now,they could have a reverse mortgage on their house or second mortgage so by the time they sold their house,the net proceeds could be a lot smaller.
Then comes medicare and medigap premium,prescription drug which is not covered by either.
Some move to MExico,Costa Rica,Malaysia,Ecuador,Thailand,Portugal.
Mexico seems to be quite popular now.
thats just it, you have to settle for a lot less.

After 1-2 years when I am done with this money making idea I will be out of the job.

so this 300-400k after 2 years of work I bet it will only last me give or take 10 years while being unemployed and my life is not glamorous type of living either

its not like am living in a mega mansion in los angeles by the beach fvcking pornstars day and night and driving around in lamborghinis...

for the next few generations and your entire family to be cared for, you would need mark zuckerberg type of money.....where your entire blood line would be rich for ages.

Last edited by H4ck; 09-30-2019 at 07:51 AM.
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

11k a month while good, it’s not exactly going to give you a ‘rich’ life style. So it really depends on what you mean by rich.... in that level of money your not going to be able to have Ferrari’s, 1st class holidays every month etc. You can be comfortable but 11k can quickly vanish if you are still renting and trying to maintain a expensive life.
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

A rich life is a life being content with what you have.

Go and see how the poor live and that will make you greatful for what you have.
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  #7  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Someone once said in the future there are 2 kinds of people,those who work on automation and those who play video games all day.
You can imagine those who play video games all day are living on some fixed stipends and dont expect them to walk into an auto showroom and buy the latest model of any luxury car or any new car.
what is going to happen to a society ?
Do young people still want to get married and raise a family?
Is it still worth it to go to college?
Do we still need all the fast food,slow food restaurants?
Are we still be expected to leave 20% tip for lunch and 25-30% for dinner
How about being a professional student all you life aint bad idea?
You dont need fancy clothese,you eat in cafeteria,you learn something every day,you dont have to look for a job,and everyone around you is in the same boat?
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

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Originally Posted by james_112233 View Post
A rich life is a life being content with what you have.

Go and see how the poor live and that will make you greatful for what you have.

the only time I hear this crap is from poor people.
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by H4ck View Post
the only time I hear this crap is from poor people.
Why are you talking to poor people?

You're better than that.

Also, IMO, a self made person never considers themselves rich unless they make $50mil and retire. Some kid who inherits millions would call themselves "rich" but I'd like to think those who are motivated enough to make themselves wealthy wouldn't become content so easily.
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  #10  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by phaz0rz View Post
Why are you talking to poor people?

You're better than that.
I heard this from my poor family and friends growing up......when I hang out with the upper class they don't think like this....

the upper class people are real greedy people and they are incredibly clever and creative
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by H4ck View Post
the upper class people are real greedy people and they are incredibly clever and creative

Hence their upper class status. Smart people make money, dumb people vote for people who they think are going to give them free money.

Still though you hate your family, so screw 'em. They're dragging you down. They're trying to steal your glory and your money. I don't think you should mess with them.

When do you have chances to hang out with upper class people? You're always saying you're a loner who wears all black + boots 24/7 as you fantasize about women. Are you really chillin with CEO's and whatnot?
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  #12  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by phaz0rz View Post
Hence their upper class status. Smart people make money, dumb people vote for people who they think are going to give them free money.

Still though you hate your family, so screw 'em. They're dragging you down. They're trying to steal your glory and your money. I don't think you should mess with them.

When do you have chances to hang out with upper class people? You're always saying you're a loner who wears all black + boots 24/7 as you fantasize about women. Are you really chillin with CEO's and whatnot?
LOL
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  #13  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by phaz0rz View Post
Hence their upper class status. Smart people make money, dumb people vote for people who they think are going to give them free money.

Still though you hate your family, so screw 'em. They're dragging you down. They're trying to steal your glory and your money. I don't think you should mess with them.

When do you have chances to hang out with upper class people? You're always saying you're a loner who wears all black + boots 24/7 as you fantasize about women. Are you really chillin with CEO's and whatnot?
I hung out with a lot upper class folks online and in person and I have contacts we discuss certain things and they are quite different
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

What pisses me off are these poor people who think they are entitled to everyone elses stuff or demand higher taxes from the rich and sit on their lazy asses all the while complaining.

Complaining without putting forth the effort and earning is a huge pet peeve of mine. If you are not happy with your $12 wage from WalMart, then do something else instead of just bit&hing and whining about how poor you are or play the victim.

Only idiots think they need a college degree to make big money. You only need to be creative, and put forth the effort. It doesn't always have to do with intelligence.

There is a lot of cash to be made especially in this economy for those who truly want it.
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by H4ck View Post
I hung out with a lot upper class folks online
WTF does that even MEAN?!?
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  #16  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Quote:
Originally Posted by phaz0rz View Post
Smart people make money
Not necessarily.


Quote:
Originally Posted by nickopedia View Post
It doesn't always have to do with intelligence.

Necessarily! lol
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

No money is needed but it certainly makes it easier
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Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

if making money is so easy,why arent we all rich?
why are we wasting time chatting on this board?
Making money is hard,darn hard.
As for college,it helps you develop the ability to conceptualise,you know we live in an advanced society,we dont run around with loin cloth and sleep in cave.
Many entrepremeurs wish they have attended college or take a few courses in finance and accounting,but never can spare the time to do so
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  #19  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

Money is a trick of the mind, a group of men have figured out this long time ago and they have been punking everyone ever since.
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  #20  
Old 09-30-2019
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Default Re: how much money is needed to live a rich life?

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

Quote:
Originally Posted by nickopedia View Post
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.
I don't. They are TOLD what to preach to children, and we know who is doing the telling!
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Default Re: how much money is needed to live a rich life?

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Originally Posted by ebaystealth1974 View Post
I don't. They are TOLD what to preach to children, and we know who is doing the telling!
Of course, this is a fact. Indoctrination of our kids.

Lies start at an early age.
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