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]I would ask, if your monthly budget is $20k/month and you had to suddenly drop your monthly budget to $5k, your life would be upended.  Could you do it? Yes, millions of people live on $5k/month, but you would have to move to cheaper housing, place your kids in a different school, drive a cheaper car, cancel all discretionary expenses, and there would be almost nothing left after paying your bills.  It would be very painful and would scramble your entire way of living.

The scene in the tv show is one where Greg was going to inherit $250 million but walked away from his grandfather's inheritance to go work for his rival granduncle.  He feels that walking away from $250 million is ok because if things don't work out with his granduncle his mom will leave him $5 million when she is gone so he feels that he'll be ok.

Connor and Tom who are billionaires scoff at the idea that one could live on $5 million NW because they live billionaire lifestyles.  Greg was recently a mascot at a theme park making close to minimum wage and being abused by everyone around him.  $5 million is a huge step up for him because he wasn't living the millionaire lifestyle, much less a billionaire's.

I think the lesson is one of perspective and a lot has to do with whether you are taking a big step up or down in the way that you have set up your life.[/quote]

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