>A MILLION DOLLARS IN 40 YEARS IS LITERALLY NOTHING You say this but you never provide an alternative.How much should a person have in 40 years and in what currency?Give me a measure of wealth, stop crying about a million dollars being nothing and running away
>>61476582A million dollars now is literally nothing
>>61476582>>61476597If you don't have a million dollars USD in 2025 you're lower class
>The land is the only thing in the world worth working for, worth fighting for, worth dying for, because it's the only thing that lasts
>>61476582>How much should a person have in 40 yearsWe believe that a human should live happily in a robust safety net. Calling humans "persons" is a harmful individualist thing btw, we don't appreciate that.
>>61476582>How much should a person have in 40 years and in what currency?‘Bout tree fiddy
>>61476582>Give me a measure of wealthLiving conditions? Quality of life? Home ownership? A family? Good health? Everything 1 million dollars used to afford you but no longer does???
>>61476582If you are not top 10% now, you are loser class
>>61476685Youre poor. Having less than 1m means youre loser class.
>>61476697Which age range are the people you are you judging in?
>>61476697But I am retired n my 30s from crypto, I won at life.
>>61476714Who cares? Most people wont even past 1-2M even by retirement.
>>61476685>Everything 1 million dollars used to afford you but no longer does30 years is an extremely small and arbitrary sample
>>61476813Is it?
Who the fuck made this infographic and what logic does it operate under?>have 0 starting at 25>add in 100 a month for 5 years>or 1,200 a year, or 6,000 for the 5 years>5 years later it's practically gone but you have 2,000 in interest?>10 years later you've put in 12,000, at 10% annual interest you've only gotten $9,223 over those 10 years, which is somehow less than the 10% you are getting?This math does not add up, and where the fuck are you getting 10% interest on your money? If you are getting 10% dividends you need to be concerned that the company just paying you back your own money.
>>61476794Soon they will
>>61476871Who is they?The bottom 90%? The bottom 95?
>>61476877Most people
>>61476879That is dumb. Even today only 5% of Americans actually have a real 1M
>>61476861>getting 10% interest on your money?Sp500It's not dividends it's how much the stocks are worth
>>61476892I thought you would know what I meant
>>61476582$10M in present dollars counting residence to be very comfy but not lavishly wealthy. That's maybe $400k before taxes, more like $200k after taxes (especially considering some of the $10M is in houses)
>>61476861The numbers are the amount of account that came from growth, not the total value of the account. This is why the number on the rightmost bar is $1,489,172 but the text next to it says "portfolio would be worth over $1.5M".
>>61476597>No driveway or garageWtf?
>>61476909Anyways $200k a year post tax with a house gives you a bit to work with. Gotta pay property taxes, HOA fees, utilities on the house, upkeep but you've got enough for good food, coach travel everywhere even a little J/F, a nice suit or three a year, maid service, and an upscale but not crazy vehicle maybe every 3-5 years
>>61476929American median household income is $50k. Most people will never even make over $150k from a job.
People who say dumb shit like $1m is nothing don’t know how returns after inflation work. Say you start with $0. You contribute a measly $100 a month for 35 years. Say inflation is 5 percent, a crazy amount, and your returns are 8 percent. Your REAL RETURN is 3 percent, and those $100 monthly savings turn into nearly $75k.But 40 years? That’s a lot of compounding. If you want your savings amount to last forever, you can only withdraw 2.5 percent MAX annually. So if you have $1m in 2025 dollars in 2065, you’re living on $25k a year. Does that sound comfortable? Probably not. Save every dollar you can, put it into VOO. Every dollar, I mean it. Don’t touch that shit until your 50s, then start putting more into bonds. You will probably end up with at least $2m in 2025 dollars, or something like $8m in nominal 2065 dollars.
>>61476964No decent financial advice in the casino please
>>61476909$10m in present dollars, in any time or space, is a lot of fucking money. Some of your minds have been cooked by social media. That’s the one percent.
>>61476929>Pay HOA feesNo I won't me shekelstein
>>61476975I genuinely feel bad when people like OP want to know something invaluable and the only responses are from mongoloids who can’t even write their own names.
>>61476977Yeah lol. If you look at Will Tennyson on youtube, he comes from a family worth over 20m but it looks like he just lives a normal average life but he is really living a multi millionaire lifestyle. Most people irl live broke lifestyles.
>>61476977The most “basic lifestyle” you see on social media is already a multi millionaire lifestyle.
>>61477025>>61477054I have no clue what a “basic” or “broke” lifestyle looks like. I make $80k, I save half of it. I live comfortably. I don’t know what other people are doing. I genuinely believe most people don’t have the cognitive abilities to live within their means and save money.
>>61477080>I genuinely believe most people don’t have the cognitive abilities to live within their means and save money.That’s correct anon, that’s how you can instantly ID retards
>>61477080Idk. A nice house in a desirable zip code. Nice presentable interior of home. The bare minimum to look “good.” Relaxing lifestyle doing whatever you want whenever you want. That in itself is a already a multimillionaire lifestyle.
>>61477112I don’t want to live in a nanny state, but we should just take 10 percent of peoples’ income if they fail a basic IQ test and put it into an index fund. Otherwise, they’re going to live on cat food at 65.>>61477124This is all mostly attainable with the exception of being able to do whatever you want, whenever you want. That’s the one true luxury of this world: not having to sell your time and labor for a paycheck. Most people will never attain that before 65, or perhaps after.
>>61477168The furniture is pricey, dude. One thing I learned at a very young age is zip code and furniture is an “adult” determinant of wealth. You can judge someone’s wealth based on zip code and furniture.
>>61477168If you go to /g/, so many people have expensive computer parts but cheap furniture. Fancy furniture is what rich people buy.
>>61477168> This is all mostly attainableNon rich people are not splurging on every piece of furniture in their home. Look at the rich politician in usa whose home got torched by some homeless guy. His furniture was nice. Rich people have nice furniture.
>>61477272I’ve read the WSJ and similar outlets, there’s a section showing a home where someone’s coffee table costs $20k. I get my furniture from Ikea and Facebook marketplace. I’m just not going to spend $52k on a couch. I won’t.
>>61477360Cause you are not rich bro. My table from 30 years ago was 2000 dollars made of crystal. Reality is rich people do have nice furniture.
>>61477360> I’m just not going to spend $52k on a couch. I won’t.Cause you cannot afford expensive furniture. Thats why the wealth gap is so big. Zip code and furniture shows how well off someome is.
