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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You people are all insane to keep working with these amounts of money unless you have easy-peasy, seven-figure jobs that you absolutely love.

And/or kids totally change the picture.  I am single and will be retiring in a few years at age 45 with around $1.5 million and a paid-off condo (which I will be selling and then getting tf out of DC).  Even now with inflation, life for a single person is just not that expensive unless you have real luxury tastes, and trading away the vibrant years of your life for some luxury is one of the stupidest decisions imaginable.[/quote]

No sh*t Sherlock that kids change the picture. You work for another 10 years, and you change your kids' lives.  You don't work, and the future is horrifyingly bleak for kids today if they aren't getting a wealth transfer from their parents.  Do you not read the news? The difference between people who have parents who can pay for school and give a down payment on a house at age 25 compared with those who won't get that support is the difference between financial stability, choices, sleeping at night, vs slaving for the next 45 years.  Of course their are many exceptions to the rules, but to know you can set your kids are for a much much higher likelihood of a not terrible life?  Why wouldn't you do that? [/quote]

+1 we could have retired at 50 with enough for ourselves but we had three kids just entering college age and we knew we would likely someday have grandchildren. So we worked another ten years and more than doubled our net worth which has created options for us to help our kids and now our grandkids. Our kids are going fine on their own but we are happy that we could fully fund 529 plans so that their kids can graduate debt free…..maybe….many years from now.[/quote]

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