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Money and Finances
Reply to "Networth as a multiple of your income"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]6x 41 50, but I may keep doing something just to show the children the importance of good work ethic.[/quote] How do you intend to have enough money to do so in just nine years? Or will you be living somewhere with a much lower cost of living?[/quote] We have the good fortune of making very high income, which is why the multiple is so low. Multiple of income type calculations probably makes a lot of sense for people who work a normal career, and etc. But it can be skewed for those with long/expensive schooling and where the earning potential and accumulation of wealth peaks in the 40's and 50's. I made a jump from being an employee to a small business owner. If I was calculating against the income of when we were W2 employees, the multiple would be closer to 30. [/quote]
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