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Money and Finances
Reply to "Do you consider a net worth of 2.5 million "rich?""
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote]If you can stop working and live off your investment income and they draw 450K a year you are rich.[/quote] You'd have to have $11,250,000 in the bank to get this. This thread highlights our financial illiteracy and shows why we need to keep talking about money. Why is money such an emotional topic? It's just numbers! It it because the US society measures success with $$? [/quote] You can take $450k a year from $2.5M for about 5 years. You see that, right? [/quote] You can also draw 450k a year out of 150 k for about 4 months. I am not sure what is your point.[/quote]
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