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Reply to "Networth Doesn't Mean Much in DC it seems"
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[quote=Anonymous][quote=Anonymous]Your HHI is $300k. To retire at the same standard of living you currently enjoy, you will need 20 times that, which is $6 million. So yeah, you should be worrying about saving and investing and not over-spending. Those who are living more lavish lifestyles are either idiots who are not planning for retirement and will have major problems in the future, or have family wealth (or equivalent). Good job in amassing $2 million in networth. That is a great position to be in at 40. But there is more to save, invest, and let compound before you can rest on your laurels (retire).[/quote] this is such BS. they currently enjoy modest cars and vacations, rare eatings out etc. with kids out of the house and everything paid off, they absolutely do not need 6 mil to maintain that.[/quote]
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