Reply to People with $5M+ NW, why do you still choose to work?

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[quote=Anonymous][quote=Anonymous]People want luxury, that’s it. You can retire on $5M just fine even with kids, but folks who earn enough to make 5 mil at a young age are accustomed to a certain standard of living that would be hard to guarantee on a mere 150k/yr or whatever.

You can easily blow 20-30k on a single international trip if you travel in style with a family. You can do that if you have 5 mil with an 800k HHI but not with 5 mil and $0 HHI. [/quote

This exactly!  We retired in mid 50s with $30m+.

Kids college is funded (and they were in college or thru already).  We have a budget of $500k to do what we want yearly.  Includes our two homes (fully paid off but maintenance, prop taxes, insurance etc), vehicle, sports tickets, concert tickets, travel and still helping the kid in college.  Sure we could sell the houses and live on less but why?  And yes we could travel less (was on road 170 days of the last year with over 120 days being international ) or less extravagantly but why?  We can afford to do it and we don't want to live on $150k--in our hcola that would not be a nice way to live. [/quote]

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