Reply to Why do people with millions of dollars still work?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I love Succession but this is the thought that runs through my head when I watch it. [b]Why not just quit and live a life of leisure, live off of investments? [/b]I guess I'm just not a killer.[/quote]

We have about $7m and I was laid off a couple of years ago.  Was already losing interest in working anyways.  DW still continues to work at an hectic pace.  She wants to get to $10m and no amount of explaining will convince her that we'll never get there by her just working (we are mid-50s) for a few more years.  But she won't listen.  ?[/quote]

Hi we are in a similar situation and I'm trying to get to 10million as well. Why do you think you wont get there Im 52 btw[/quote]

I'm the PP you responded to.. My point is that, we won't get the $10M through savings alone but only through a combination of savings and growth and it doesn't matter if takes a couple of years longer. Over the last decade, our net worth has doubled every 7 years. Going forward, it may not happen (different market I think) but will likely double at a slower pace, say 10 years.  We should still be at $10 million in another 5 years.

DW (53) makes about $250K and we save $80K of that. It may shave a year or two off the time it takes for us to reach the $10M mark, but to what end? It's not like we are waiting on that milestone to do something big. I've been asking her to slow down and maybe get a govt. gig so she can take it easy. [/quote]

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