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Money and Finances
Reply to ""$5 Million is a Nightmare... the Poorest Rich Person in America.""
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[quote=Anonymous][quote=Anonymous]5M is enough to retire and have a $200k a year lifestyle without working. Its not enough to have a $1M a year HHI lifestyle. [/quote] And this is the key. If you spend 150-200 k a year then you are in good shape. If you spend 500-600k it is not enough. All depends on spend level. Could someone be fine on 150-200k -- of course. But if that is not what they have done cutting back does not make a lot of sense unless you are at the end of your earning potential. [/quote]
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