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Reply to "How does life change once you hit $1 million?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I’m single, 41, net worth around $800K including home equity. I’ve always been obsessed with money but, until recently, never as good at making it as some of you here. I should hit a $1 million net worth in about two years just through savings, or maybe in three years if the market goes down further. I’ve always viewed $1 million as a magical number. Obviously with inflation, the value of that number comes down each year, but it still seems pretty special. Just curious to hear from all you rich people: how does life change once you get to the promised land? Do you feel a sense of relief and accomplishment? Or is it anti-climactic and just another milestone and you get back to work?[/quote] No. Still scared of ending up poor in old age. 1 million is nothing in this day and age.[/quote] This. I have $2.5M at 52 and am stressed all the time about running out if I need care.[/quote] +2. We have 2M in our mid 40’s and DH wants to tighten our belts even more, and we are already frugal.[/quote] Well, you *are* behind the OP. OP said she’ll be at $1 million by 43 and is single. You have $2 million but you’re married so you each really only have $1 million. Assuming mid-40s means 45, you’re slightly behind the OP.[/quote] No, disagree that it is linear. Plenty of costs don’t get multiplied by 2, if two people stay in a one bedroom house, utilities etc. Gas if they travel together. [/quote]
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