Reply to Can 29yr old live off $1.5 million w/working?

Forum Index » Money and Finances

Reply to "Can 29yr old live off $1.5 million w/working?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Doable with a certain lifestyle. I agree he will have a hard time finding a woman who will go for it. [/quote]

It's not doable.  You have to pay for health insurance, taxes/maintenance on the house.  He's only worked 8-9 years?   You have to work min 10 to get any social security, and then it's on the average earnings over those 10+ years.  He's not likely to get much.

99% chance this doesn't end well and he's a burden to you and society.

Why not work a job making $40K and live the extremely frugal lifestyle while saving.  Then see if you really like the lifestyle? 
[/quote]

Geez...so fine, you convince the kid he has to work two more years for SS and Medicare.  Doubt that is a super-hard sell.

However, [b]the median income in the United States today is only like $39,000 per person.  I doubt that the median worker making $39k has any savings at all.  I guess your view is the median person out there is just a future burden to society.

There are plenty of FIRE advocates out there who can easily sustain their lives on a $75,000/year income and $1.5MM in the bank that you will try not to touch.[/b][/quote]

This. He'll be fine for a while. One day, he may get a job or not. This board and this town is full of workahilics who work their lives away.[/quote]

I'd rather be a workaholic than a perfectly healthy deadbeat 29 year old living off of a meager income stream.[/quote]

Say what you will...but how is the kid a deadbeat?  It's his money...he's not receiving welfare of any kind or family handouts.  You may think he is wasting his life, but he's not a deadbeat.
[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics