100% agreed in regards to the principle, in terms of the money amount I think it largely depends on where you live and the lifestyle that interests you, as say having 1 million dollars liquid could be more than enough for a lavish lifestyle in many developing countries (living off the interest), while in New York that would probably have to be close to 10 times that.
That's true. There are a few places in the world like Switzerland, The Bay Area, New York City, where you need more money. But as a general statement for 95% of people $3-4mil invested in safe diversified ETFs is enough to live forever nicely.
True wisdom right there.
Time is the only currency of life.
Money is just a time battery.
Success comes with enough money to live a decent life and all the free time to live it.
Thank you! And any day could be our last.
Rings True to me!A great North Starπ
thank you!
100% agreed in regards to the principle, in terms of the money amount I think it largely depends on where you live and the lifestyle that interests you, as say having 1 million dollars liquid could be more than enough for a lavish lifestyle in many developing countries (living off the interest), while in New York that would probably have to be close to 10 times that.
That's true. There are a few places in the world like Switzerland, The Bay Area, New York City, where you need more money. But as a general statement for 95% of people $3-4mil invested in safe diversified ETFs is enough to live forever nicely.