Reply to "$5 Million is a Nightmare... the Poorest Rich Person in America."

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Reply to ""$5 Million is a Nightmare... the Poorest Rich Person in America.""

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We're in the range of $5-10mil. Do we feel rich? No. Comfortable? Absolutely.
We plan to work for another 15 years, but don't worry about money at all for our current lifestyle.
So definitely not a nightmare as the thread title suggested.
[/quote]

I’m not debating there can’t be wide swings. I’m just saying at the end of the day, when you’ve worked your last day, sitting on $10M is meaningfully different than sitting on $5M. I’m utterly baffled that several posters are disagreeing. If we had $10M, we’re set, could quit tomorrow. Not true at $5M. I get that others want more and that’s fine. So would you also say that $20M isn’t that different from $10M? It’s literally twice as much money!
$5-10M is a HUGE range. Do you not know how much money you have?[/quote]

Not really. If your money is invested, it fluctuates big time with the market anyway. We could be up or down 500k whenever the market sneezes. I don’t live that but it is what it is.

[b]Anyway, our lifestyle was the same at 5 mil to 8 mil. Nothing changed[/b].[/quote]

Because you are still earning. Someone who is retiring on $5M will not have as much disposable income as someone retiring on $8M. Some of you are so bad at math it makes me wonder how you got so rich to begin with. Clearly not in a math field. [/quote]
Or maybe it’s your lack of common sense preventing you from being wealthy? As a lot of people said, we don’t notice much difference between 5-10mil on a relative scale. 0 to 5 mil is a big difference.[/quote]

Just curious what your retirement goal is if going from $5M to $10M is meaningless to you? $20M? $50M? Whatever it is, having $10M right now will get you there twice as fast as having $5M right now, even without adding another penny to it. [/quote]

Consider how much investments fluctuate.  I’m at over +40% so far this year, so yes 5-10M is a reasonable range.[/quote][/quote]

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