Reply to Earning 50K vs 500K vs 50 million

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]For us, somewhere between $200 and $300k suffices for all of our whims (except early retirement).  Any more,  we are donate more (as  %).

For me the difference between $500k and $50M would be donating to existing charities and creating our own.  That, and I would spring for first class on all long haul plane trips.[/quote]

OP here. Seems like most of you want to step it up a notch. Similar to the PP above, I feel like $500K per year is as much as I can responsibly spend. Anything more than that is excessive. If I made millions more, everything above $500K would probably go to charity.

I think many multi millionaires live the same way. I'm pretty sure Warren Buffet spends less than $500K a year and happily donates billions each year.[/quote]

You would be wrong.  Buffet donates very little to charity and has most of his wealth locked up in unrealized long term capital gains.  I don't know why the masses think he is a common guy just because his house isn't that fancy.  He was just in the news for supporting Dimon's 75% raise as CEO of JPMC the year they paid record fines.   Yeah Buffet is a real man of the people.    [/quote]

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