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Money and Finances
Reply to "People with $5M+ NW, why do you still choose to work?"
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[quote=Anonymous][quote=Anonymous]If you have earned 5Mil in your 40s you likely live the sort of life that requires more income for retirement. Golden handcuffs are a real thing. However if it took yoi until age 70 to earn 5 mil you'll be totally fine! More than fine because you haven't lived with large expenses. So its more about the lifestyle than the actual number.[/quote] Well yes but at 70 you have 30 less years to use that $5m than in early 40s. Also most people slow down at some point. I don't envision myself traveling internationally for 35-40-% of the year when I'm 75+. I see our trips being more to visit kids/grandkids or to travel a few times per year. Whereas at 55 I can be on the go all the time, and doing tons of costly activuties on trips because we physically can. At 75+ I expect our costs to be much lower [/quote]
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