Reply to People with $5M+ NW, why do you still choose to work?

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Reply to "People with $5M+ NW, why do you still choose to work?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because working is very easy. Office jobs aren’t difficult. Why would I spend down money when I can make it and be just as happy?

Once you get older you learn to play the game and if you’re well off, you likely earn a lot of vacation, can work some remotely and the holidays are down time too.

Also many of us have kids in school so it’s not like we could travel freely.

If you have that net worth or greater it often comes with a certain lifestyle that with kids includes summer camps, private school, fully funded college etc. You can’t make the math work on 5 million and retiring early. [/quote]

You must like/tolerate your job. Hard to keep toiling away when you do not when the $$ is there to go ahead and retire early.[/quote]

Maybe if all of the $5m is in investible assets, you have mortgage (home equity no included in $5m estimate), no private school, and add the "fully funded 529 plan qualification".  3.5% of $5m =$175k/year ($14,583/month).  I think you could live well enough on those assumptions/qualifications. [/quote]

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