Reply to What NW would a person need to retire by age 30 in a HCOL area?

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[quote=Anonymous][quote=Anonymous]And if you have children what kind of an example is that? We’re in our mid 40s w/ a mid 9 figure net worth and would never consider retiring. Partially bc we want to set an example for our kids, partially bc we’ve chosen careers that we find interesting and fulfilling and partially bc we’ve been successful and if this continues, 20 more years will leave us with a large sum that we can strategically donate and set up multiple small endowments at causes important to us and where we think x amount of money will be beneficial to others long-term.

I am always disgusted when people have the goal of just quickly making money to retire. Rarely have I seen people like that be successful. Do something you are passionate about and then you won’t want to ever stop doing it. [/quote]

There are many people who supplement their salary with dividends or rental income and work at jobs or charitable work they're passionate about, without worrying about whether their salary can cover all their expenses. There is a WIDE spectrum of salary versus passive income stream, PP. Some of these people could, theoretically, do nothing at all, yet they prefer to work at some sort of activity they like, paid or not.

Your disgust looks like envy. You are ignorant about what people's finances are really like. I can assure you that some of your neighbors do not rely entirely on salary to live their life. It could be real estate or stocks they bought and manage themselves, or family money, or both.

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