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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m a 50yo divorced mom who makes $240K and has $3M NW and I thought I was doing okay until this thread.[/quote]

You should be making twice from what you stated if your assets are well-managed[/quote]

? How does earned income have anything to do with how assets are managed?[/quote]

Assets/NW should be generating at least 7% annual return or sheds basically depleting them and her earned income. So if 240k is earned, she should be making also about same in unearned income [/quote]

What on earth are you talking about? She isn’t retired so she isn’t depleting anything.[/quote]

Oh great so she lives in a $3mm mansion making 250k . Super smart [/quote]

Are you a troll? It doesn’t say that. She said $250K salary with $3M assets. Assets doesn’t mean just equity it’s a combo of equity and retirement and wherever else. You don’t know the allocation. Maybe she lives in a $100K condo for all you know.[/quote]

She says she was making 250k (presumably employment income) plus $3mm assets. The question is why she’s not counting income from assets towards her gross income? People with that NW usually have brokerage accounts, rentals, investments - not just a huge retirement  plan or a huge house. [/quote]

Presumably because she is letting it compound instead of living off of it.[/quote]

Hopefully[/quote]

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