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 also find it interesting that most posters here seem to feel invincible.  They have charted out a trajectory for their financial lives and feel that they will always achieve it.  For example: "But of course if you have 5m in your 40s and keep working/contributing, it grows to even more. Then you have 10 million in your 50s."

But there are risks in life.  You can be hit by a bus, not die and incur millions in medical bills beyond your insurance coverage just in order to keep living.  There are many other unknowns beyond your control that may make your plans moot.  $5 million is a great safety net in those circumstances, but may not last in a number of scenarios.  You can be sued, defrauded or lose your job and become unemployable at your current salary.  You can be arrested rightfully or wrongfully and lose your place in society.

DCUM seems very little concerned about these types of setbacks and there seems to be an illusion of control when that's not really how the world works.  History tells us that over and over again.[/quote]

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