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"You can't relax at $1.5 mil" seems like flame

Risk-free on 1.5 mil is like 75k a year. With a chill WFH si...
Electric set
  09/09/24
what does risk free mean here
razzmatazz roommate hissy fit
  09/09/24
like sticking another mans cock bareback into ur ass. its ri...
idiotic fantasy-prone locale therapy
  09/09/24
...
razzle-dazzle pervert patrolman
  09/09/24
...
Khaki deep indian lodge
  09/09/24
Treasury bonds.
Electric set
  09/09/24
30 yr bonds are back down to 4%, and T-bills will be under 5...
Pungent market philosopher-king
  09/09/24
no shit even if u take this shit abt 1m being $5 back in 199...
idiotic fantasy-prone locale therapy
  09/09/24
Why hope not to get murdered? Who gives a fuck anyway...we'r...
ruddy athletic conference national
  09/09/24
in the eighties a six fig income made you a big shot. if you...
Claret station
  09/09/24
That's what the chill WFH Sinecure is for.
Electric set
  09/09/24
so you can chill on $1.5m if you plan to work til you're dea...
Claret station
  09/09/24
It's more like roleplay.
Electric set
  09/09/24
if fake work 75k sinecures were given out like candy there w...
Claret station
  09/09/24
In the words of a gorgeous mutual friend of ours, they just ...
Electric set
  09/09/24
my wife (not a lawyer) has one of these and makes $105k. onl...
stimulating lilac garrison sandwich
  09/09/24
180^180
Electric set
  09/09/24
reported to the rbi
Fighting Clear Senate Digit Ratio
  09/09/24
Really depends, if you want to retire to like SE Asia, S.Ame...
Brindle crotch circlehead
  09/09/24
Depends on what kind of standard of living you want in W. Eu...
razzmatazz roommate hissy fit
  09/09/24
True but I assume OP doesn't want to be a europoor
Brindle crotch circlehead
  09/09/24
europoor is still better than being a wageslave for kikes in...
razzmatazz roommate hissy fit
  09/09/24
CONCUR
Brindle crotch circlehead
  09/09/24
(Literal kike in the USA)
Olive aggressive location
  09/09/24
Aren't you a (((dual citizen))) my man
Olive aggressive location
  09/09/24
Also Southern Italy, Greece, and Croatia. You can live very ...
ruddy athletic conference national
  09/09/24
That's what the chill WFH sinecure is for.
Electric set
  09/09/24
Escape the shackles of GC friend, GO FOR IT.
Brindle crotch circlehead
  09/09/24
We all can't live off of daddy like you. Not everyone's dadd...
Olive aggressive location
  09/09/24
Lol at anyone taking financial advice from 9/11 boy.
Olive aggressive location
  09/09/24
wife and i have a bit more than 2 mil invested. i wouldn't r...
stimulating lilac garrison sandwich
  09/09/24
With a wife and two kids, probably bump that number up to 5 ...
Electric set
  09/09/24
we hit $1 million in early 2020 IIRC, then 2 mil just 4 year...
stimulating lilac garrison sandwich
  09/09/24
180
Electric set
  09/09/24
spaceporn SEETHING at this poast
stimulating lilac garrison sandwich
  09/09/24
I wouldn't worry yourself with so very many thoughts of him.
Electric set
  09/09/24
i like harassing and defaming him because he outed me. not w...
stimulating lilac garrison sandwich
  09/09/24
You’re outed? Post your phenotype
very tactful cruise ship
  09/09/24
this is zurich. you and everyone else here has seen me and k...
stimulating lilac garrison sandwich
  09/09/24
I reached 1.5mil a few years ago and thought about doing not...
abnormal death wish locus
  09/09/24
$1.5m is better than nothing, but $1.5m is not a fortune by ...
Exhilarant bipolar church building
  09/09/24
You can relax at any net worth friend$
aqua telephone
  09/09/24
In 5 years, mid 40s, we'll have ~$2.0 invested and ~$1.5 in ...
Sticky elite orchestra pit clown
  09/09/24
what do your living expenses look like? the 1.5m growing fo...
stimulating lilac garrison sandwich
  09/09/24
Assuming 10% seems kind of generous.
Electric set
  09/09/24
it is, and i tend to be overly cautious so i get i shouldn't...
stimulating lilac garrison sandwich
  09/09/24
Those are nominal returns. Subtract 3% inflation for real re...
Trip violet parlour newt
  09/09/24
what is the point of adjusting returns for inflation? the a...
stimulating lilac garrison sandwich
  09/09/24
Because everyone is listing their expenses in today's dollar...
Trip violet parlour newt
  09/09/24
thought you meant 1.5MM yearly and was back and forth on it ...
Saffron floppy nibblets lay
  09/09/24
...
Excitant Theatre
  09/09/24
If you have kids and they go to private schools then you nee...
sienna temple national security agency
  09/09/24
"If you have kids" I think I spotted your probl...
Bull headed crackhouse private investor
  09/09/24
why would you spend all that money on schools instead of jus...
Fighting Clear Senate Digit Ratio
  09/09/24
...
Electric set
  09/09/24
I'm approaching $2M net worth and looking into other non-law...
Beady-eyed brethren abode
  09/09/24
Option 1: move almost anywhere else in the world and get hea...
ruddy athletic conference national
  09/09/24
gotta love option 1. USA is great, but u are not willing ...
lemon haunted graveyard
  09/10/24
I buy my own health insurance and its like 650 a month high ...
abnormal death wish locus
  09/09/24
Those are the current premiums I pay. Job has dogshit insura...
Beady-eyed brethren abode
  09/09/24
i pay 1400/month for a shit policy ($10k deductable!) that d...
lemon haunted graveyard
  09/10/24
You live off investment income that doesn't count for Obamac...
Trip violet parlour newt
  09/09/24
ive made this point many times and been called a communist ...
lemon haunted graveyard
  09/10/24
For a single guy who has already maxed out social security 2...
Thriller Center Persian
  09/09/24
...
metal comical quadroon heaven
  09/09/24
wtf wld a single guy do this? move to some redneck shithole ...
idiotic fantasy-prone locale therapy
  09/09/24
Until the roving liberal death mobs begin, it's CR to inocul...
ruddy athletic conference national
  09/09/24
You should take advice from Tommy T, he seems very happy wit...
Bull headed crackhouse private investor
  09/09/24
thank friend, everyday im like "wow, life is unreal&quo...
idiotic fantasy-prone locale therapy
  09/09/24
There is no point in relaxing because “chill” lo...
very tactful cruise ship
  09/09/24
You must have had limited exposure to HR. I could be a dire...
ruddy athletic conference national
  09/09/24
During ITE, my wife an I had a negative six-figure net worth...
contagious famous landscape painting spot
  09/09/24
180, how much do you typically put away per year?
stimulating lilac garrison sandwich
  09/09/24
We are typically saving 200-300K per year, although last yea...
contagious famous landscape painting spot
  09/09/24
that's v good. HHI? we make ~500k, and we save like $150...
stimulating lilac garrison sandwich
  09/09/24
We make 600-700K depending how my wife's firm is doing. We ...
contagious famous landscape painting spot
  09/09/24
180, is she in midlaw? i'm at a regional midlaw firm with...
stimulating lilac garrison sandwich
  09/09/24
I make 40000k
Fighting Clear Senate Digit Ratio
  09/09/24
Yeah, she is in midlaw. She actually made more than that du...
contagious famous landscape painting spot
  09/09/24
Oh wow, that's crazy. Did the father of your wife's child c...
Bull headed crackhouse private investor
  09/09/24
Let's just say Darnell has contributed in other ways
contagious famous landscape painting spot
  09/09/24
lol 180, glad things have improved
startling main people dog poop
  09/09/24
If you have young kids, that $1.5M will cover college for 1 ...
awkward prole library
  09/09/24
cr with a family you need at least $10 million
emerald federal state really tough guy
  09/09/24
i can't tell when people are flaming. $10M is much higher th...
awkward prole library
  09/09/24
Cr. If I got just $1m more net after any tax, I could pay of...
Exhilarant bipolar church building
  09/09/24
We are beasts of burden meant to die the moment our useful l...
awkward prole library
  09/09/24
cr get back in there
emerald federal state really tough guy
  09/10/24
yeah move to Thailand and slash Thai cunnis and live well ti...
odious rambunctious coldplay fan
  09/09/24
hey dont tell him my plans
lemon haunted graveyard
  09/10/24
I will prob have less than that when I punch and am not worr...
Shaky Hall
  09/09/24
Brother. How have you been?
stimulating lilac garrison sandwich
  09/09/24
Been good man just busy. Trying to live life IRL a lot more ...
Shaky Hall
  09/09/24
Good to hear. Glad ur well. Yours has always been one of my ...
stimulating lilac garrison sandwich
  09/10/24


Poast new message in this thread



Reply Favorite

Date: September 9th, 2024 7:19 AM
Author: Electric set

Risk-free on 1.5 mil is like 75k a year. With a chill WFH sinecure bumping that up to 150-225k, seems like a CR number to just chill out, go travelling, etc.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065303)



Reply Favorite

Date: September 9th, 2024 7:22 AM
Author: razzmatazz roommate hissy fit

what does risk free mean here

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065304)



Reply Favorite

Date: September 9th, 2024 7:23 AM
Author: idiotic fantasy-prone locale therapy

like sticking another mans cock bareback into ur ass. its risk free

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065308)



Reply Favorite

Date: September 9th, 2024 9:44 AM
Author: razzle-dazzle pervert patrolman



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065600)



Reply Favorite

Date: September 9th, 2024 1:25 PM
Author: Khaki deep indian lodge



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066535)



Reply Favorite

Date: September 9th, 2024 7:24 AM
Author: Electric set

Treasury bonds.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065316)



Reply Favorite

Date: September 9th, 2024 7:56 AM
Author: Pungent market philosopher-king

30 yr bonds are back down to 4%, and T-bills will be under 5% soon.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065385)



Reply Favorite

Date: September 9th, 2024 7:22 AM
Author: idiotic fantasy-prone locale therapy

no shit even if u take this shit abt 1m being $5 back in 1991 it seems u just bump it up to $1.5m instead, not even 2m

1.5m seems like good number, thats my goal now im so retarded though

XO is dumb, just following their jew overlords who have brainwashed them to work for life, its so dumb. the US isnt even a good place to live anymore, so wtf is the issue moving somewhere else to just do whatever u want instad of living arnd niggas hoaping not to get murdered

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065306)



Reply Favorite

Date: September 9th, 2024 1:14 PM
Author: ruddy athletic conference national

Why hope not to get murdered? Who gives a fuck anyway...we're all checking out.

You get fixated on thinking your number is right for everyone, but you're admittedly retarded and unable to settle anywhere in particular.

My number is a little over $2 million not including 401k. I should hit that in about 3 years. I'll be ready then and will just have to hope my genetics and diet conspire to keep me from ever hitting my 70s.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066494)



Reply Favorite

Date: September 9th, 2024 7:23 AM
Author: Claret station

in the eighties a six fig income made you a big shot. if you're 30 what is 75k going to look like in 2064

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065309)



Reply Favorite

Date: September 9th, 2024 7:25 AM
Author: Electric set

That's what the chill WFH Sinecure is for.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065318)



Reply Favorite

Date: September 9th, 2024 7:26 AM
Author: Claret station

so you can chill on $1.5m if you plan to work til you're dead?

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065320)



Reply Favorite

Date: September 9th, 2024 7:27 AM
Author: Electric set

It's more like roleplay.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065321)



Reply Favorite

Date: September 9th, 2024 7:28 AM
Author: Claret station

if fake work 75k sinecures were given out like candy there would be no janitors, waste disposal, etc.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065325)



Reply Favorite

Date: September 9th, 2024 7:29 AM
Author: Electric set

In the words of a gorgeous mutual friend of ours, they just didn't want to be tied down by the golden handcuffs of a chill WFH sinecure.

Also, a law degree probably opens more doors to this.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065335)



Reply Favorite

Date: September 9th, 2024 7:34 AM
Author: stimulating lilac garrison sandwich

my wife (not a lawyer) has one of these and makes $105k. only became WFH in 2021 (company tried return to work after lockdown and realized everyone was miserable so quickly got rid of its expensive lease in ArlingTTTon, va and went permanent WFH). i asked her recently if she wanted to stop working and she said why bother. she basically sends some emails and gets on a couple calls every day and that's it. she has almost $900k in her 401(k).

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065344)



Reply Favorite

Date: September 9th, 2024 7:35 AM
Author: Electric set

180^180

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065349)



Reply Favorite

Date: September 9th, 2024 7:45 AM
Author: Fighting Clear Senate Digit Ratio

reported to the rbi

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065371)



Reply Favorite

Date: September 9th, 2024 7:28 AM
Author: Brindle crotch circlehead

Really depends, if you want to retire to like SE Asia, S.America or smalltown USA you'll be fine. If you want to live in a major, secondary or even tertiary city in the US or W.Europe probably not, especially if you want to travel like you said. Totally FUAAAARKED if you want to have a family in one of those places also. Do you really want to be like 65 and worried about having to slum it because you need to conserve paper?

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065324)



Reply Favorite

Date: September 9th, 2024 7:29 AM
Author: razzmatazz roommate hissy fit

Depends on what kind of standard of living you want in W. Europe. Can be pulled off in Spain or Portugal, if u live like the locals instead of as an expat

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065329)



Reply Favorite

Date: September 9th, 2024 7:29 AM
Author: Brindle crotch circlehead

True but I assume OP doesn't want to be a europoor

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065332)



Reply Favorite

Date: September 9th, 2024 7:31 AM
Author: razzmatazz roommate hissy fit

europoor is still better than being a wageslave for kikes in the US

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065337)



Reply Favorite

Date: September 9th, 2024 7:31 AM
Author: Brindle crotch circlehead

CONCUR

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065339)



Reply Favorite

Date: September 9th, 2024 8:43 AM
Author: Olive aggressive location

(Literal kike in the USA)

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065450)



Reply Favorite

Date: September 9th, 2024 8:23 AM
Author: Olive aggressive location

Aren't you a (((dual citizen))) my man

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065431)



Reply Favorite

Date: September 9th, 2024 1:17 PM
Author: ruddy athletic conference national

Also Southern Italy, Greece, and Croatia. You can live very comfortably in many places, actually, on 7k euro or less per month.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066513)



Reply Favorite

Date: September 9th, 2024 7:31 AM
Author: Electric set

That's what the chill WFH sinecure is for.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065336)



Reply Favorite

Date: September 9th, 2024 7:31 AM
Author: Brindle crotch circlehead

Escape the shackles of GC friend, GO FOR IT.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065340)



Reply Favorite

Date: September 9th, 2024 8:18 AM
Author: Olive aggressive location

We all can't live off of daddy like you. Not everyone's daddy sued Americans for 9/11 my man

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065424)



Reply Favorite

Date: September 9th, 2024 8:17 AM
Author: Olive aggressive location

Lol at anyone taking financial advice from 9/11 boy.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065423)



Reply Favorite

Date: September 9th, 2024 7:29 AM
Author: stimulating lilac garrison sandwich

wife and i have a bit more than 2 mil invested. i wouldn't retire off that, but it has taken the stress off me in a way that is 180. i was in midlaw when we had our first kid back in 2015 and our nw was around $400k. i was making $180k and was constantly nervous about where my career was headed, what my income trajectory would be, how i'd pay for college, etc.

now, i could give a fuck. i could afford to drive uber or some other bullshit job and still retire pretty wealthy, as long as i let the money grow for the next 15-20 years. as a result i taunt spaceporn here while he threatens me with "bar inquiries" and i lol heartily at him.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065334)



Reply Favorite

Date: September 9th, 2024 7:34 AM
Author: Electric set

With a wife and two kids, probably bump that number up to 5 mil. Still 180. At your current income you should be reaching that in less than 10 years, no?

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065347)



Reply Favorite

Date: September 9th, 2024 7:40 AM
Author: stimulating lilac garrison sandwich

we hit $1 million in early 2020 IIRC, then 2 mil just 4 years later. i also - for now, anyway - am equity and in addition to getting a $350k (roughly) draw, i'll be getting a payout each Feb of around 100k after taxes and deductions. as it is, based on the draw i am maxing out 401k and saving another 3-4k/mo. i plan to plow all or most of that payout into my ETF portfolio. wife also maxes out 401k and has a 9% match, so that's another ~32k/year in investments.

unless we go into a prolonged bear market, i think we can be at or above 5 million within 10 years. i'd like to fully retire with 15 mil, which i think is possible, since i'm 46.

also, college is more or less fully funded - i have about $250k in 529s that i don't count toward net worth (continuing to put in $500/mo for now, but it's probably overkill).

even if i got SPACEPORNPWNED and had to get a job that just covers expenses (not hard, bc our mortgage is only like $2800/mo and we don't have any crazy expenses), our 2 mil would be nearly 10 after 15 years assuming a 10% rate of return (i know they say to figure 7% or whatever, but that seems overly conservative. that said, if you assume 7%, then it'll be about $5.5 mil after 15 years)



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065362)



Reply Favorite

Date: September 9th, 2024 7:44 AM
Author: Electric set

180

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065370)



Reply Favorite

Date: September 9th, 2024 7:47 AM
Author: stimulating lilac garrison sandwich

spaceporn SEETHING at this poast

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065375)



Reply Favorite

Date: September 9th, 2024 7:47 AM
Author: Electric set

I wouldn't worry yourself with so very many thoughts of him.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065376)



Reply Favorite

Date: September 9th, 2024 7:49 AM
Author: stimulating lilac garrison sandwich

i like harassing and defaming him because he outed me. not worried even a little bit.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065379)



Reply Favorite

Date: September 9th, 2024 9:03 AM
Author: very tactful cruise ship

You’re outed? Post your phenotype

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065469)



Reply Favorite

Date: September 9th, 2024 9:04 AM
Author: stimulating lilac garrison sandwich

this is zurich. you and everyone else here has seen me and know who i am.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065472)



Reply Favorite

Date: September 9th, 2024 7:50 AM
Author: abnormal death wish locus

I reached 1.5mil a few years ago and thought about doing nothing and traveling. Spending a few months in Portugal and got bored, so I started my own small biz. Now i'm at 5 mil (mostly from the market - biz brings in 250k). I mostly think about getting to 10mil, even though I have no need of it. No stress though.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065380)



Reply Favorite

Date: September 9th, 2024 8:22 AM
Author: Exhilarant bipolar church building

$1.5m is better than nothing, but $1.5m is not a fortune by any means and will not support modest spending for my family for any meaningful amount of money. The equation would start to change and tilt toward lack of stress at about $6m. So 2 more doubles. Just let my money double two more times and then I might have maed it.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065428)



Reply Favorite

Date: September 9th, 2024 8:28 AM
Author: aqua telephone

You can relax at any net worth friend$

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065436)



Reply Favorite

Date: September 9th, 2024 8:42 AM
Author: Sticky elite orchestra pit clown

In 5 years, mid 40s, we'll have ~$2.0 invested and ~$1.5 in retirement accounts. No mortgage or kids. Need to figure out what we'd do for health insurance if we fully retired then, but seems pretty cr to let that $1.5 grow for 20 years while living off $2 ... which we could spend faster than normal because retirement accounts would be waiting for us.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065448)



Reply Favorite

Date: September 9th, 2024 9:04 AM
Author: stimulating lilac garrison sandwich

what do your living expenses look like? the 1.5m growing for 20 years will set you up nicely (assuming 10%/year, $10 mil, assuming 7%, $5.8 mil). if i were you, i'd cut back to cushy part time jobs that provide insurance, if possible. barring that, you should be able to live off the $2 mil for 20 years. i'd either leave it in an S&P fund, or put 50% of it into that and 50% into lower risk bullshit (treasuries, bonds? idk, i don't invest in any of that bs).

you and your lover are right about where i think my wife and i would be at this age if we hadn't had kids. they are fucking expensive man. at one point, i was paying like $4k a month in preschool for both (not each) of them.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065471)



Reply Favorite

Date: September 9th, 2024 9:13 AM
Author: Electric set

Assuming 10% seems kind of generous.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065492)



Reply Favorite

Date: September 9th, 2024 9:19 AM
Author: stimulating lilac garrison sandwich

it is, and i tend to be overly cautious so i get i shouldn't be assuming 10%, but if you go here https://ofdollarsanddata.com/sp500-calculator/ you learn that the annualized return of the s&p (dividends reinvested) since 1930 is like 10.2%, and since 1940, it's a bit over 11%. should you count on that return? no. will you get that return? most likely.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065508)



Reply Favorite

Date: September 9th, 2024 1:32 PM
Author: Trip violet parlour newt

Those are nominal returns. Subtract 3% inflation for real returns. And those returns typically did not follow record high CAPE ratios like we have right now. Use 5 to 7% real depending on risk tolerance.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066571)



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Date: September 9th, 2024 2:21 PM
Author: stimulating lilac garrison sandwich

what is the point of adjusting returns for inflation? the actual returns have been an average of 10%, so you can calculate what your money likely will be in 15-20 whatever years. and yes you then have to factor in inflation.

if the s&p gets to a point where it's returning an average of 5%, then stocks might not be a great investment anymore (at least US stocks).

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066718)



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Date: September 9th, 2024 6:22 PM
Author: Trip violet parlour newt

Because everyone is listing their expenses in today's dollars.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067534)



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Date: September 9th, 2024 9:30 AM
Author: Saffron floppy nibblets lay

thought you meant 1.5MM yearly and was back and forth on it in my brain

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065554)



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Date: September 9th, 2024 3:44 PM
Author: Excitant Theatre



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066974)



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Date: September 9th, 2024 9:37 AM
Author: sienna temple national security agency

If you have kids and they go to private schools then you need about $10M. Education costs and decent housing are the big drains.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065580)



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Date: September 9th, 2024 9:39 AM
Author: Bull headed crackhouse private investor

"If you have kids"

I think I spotted your problem

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48065587)



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Date: September 9th, 2024 1:06 PM
Author: Fighting Clear Senate Digit Ratio

why would you spend all that money on schools instead of just shoving a big pile of $tock$ in a trust

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066453)



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Date: September 9th, 2024 4:51 PM
Author: Electric set



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067209)



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Date: September 9th, 2024 1:03 PM
Author: Beady-eyed brethren abode

I'm approaching $2M net worth and looking into other non-law options. How do people deal with health insurance for their families in this situation? COBRA or buying on my own would be like $50k/yr and we'd still have to come out of pocket for shit.

Health insurance is the one thing holding me back. What a country.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066432)



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Date: September 9th, 2024 1:20 PM
Author: ruddy athletic conference national

Option 1: move almost anywhere else in the world and get healthcare for almost nothing.

Option 2: get a remote HR job and use it for healthcare and cost of living. Shouldn't be hard if you've been in house at all.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066521)



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Date: September 10th, 2024 11:02 AM
Author: lemon haunted graveyard

gotta love option 1.

USA is great, but u are not willing to slavecuck, then pls leave

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48069718)



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Date: September 9th, 2024 1:29 PM
Author: abnormal death wish locus

I buy my own health insurance and its like 650 a month high deductible plan, and of course its tax deductible off your gig income. How do you get 50k?



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066559)



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Date: September 9th, 2024 2:30 PM
Author: Beady-eyed brethren abode

Those are the current premiums I pay. Job has dogshit insurance plans (or at least they don't subsidize at all).

Is the $650 for a family?

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066747)



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Date: September 10th, 2024 11:03 AM
Author: lemon haunted graveyard

i pay 1400/month for a shit policy ($10k deductable!) that does't even include all my family.

ljl

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48069723)



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Date: September 9th, 2024 1:33 PM
Author: Trip violet parlour newt

You live off investment income that doesn't count for Obamacare subsidies. Create just enough taxable income to avoid Medicaid. Move to an expansion state if needed.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066579)



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Date: September 10th, 2024 11:01 AM
Author: lemon haunted graveyard

ive made this point many times and been called a communist

its retarded as fuck that USA is the only developed country where you need to have a full time job in order to provide healthcare or else u and ur family are fucked.

and if u dont have insurance, ur medical bill might be 10x higher cuz u didnt negotiate with them in advance of your emergency treatment.

what a shithole. its designed to make you a slave to ((them))

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48069712)



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Date: September 9th, 2024 1:12 PM
Author: Thriller Center Persian

For a single guy who has already maxed out social security 20 times and is in his mid-late 40s with no prospect of or interest in marriage or kids, then it’s a no brainer to nope out of coastal metropoli and hie to are country, buy a nice house outright for cheap like a 3/2 1800 sqft 300k place, and live off the 50k per year after taxes that 2M generates with a 3% return. Probably smart to get an easy job with insurance like work for school teaching US history and stare at are country teens all day while indoctrinating the next generation against shitlibbery.



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066487)



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Date: September 9th, 2024 1:15 PM
Author: metal comical quadroon heaven



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066502)



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Date: September 9th, 2024 1:21 PM
Author: idiotic fantasy-prone locale therapy

wtf wld a single guy do this? move to some redneck shithole where there's zero social possibilities just to pedo some obese retarded amerikkka sluts?

jfc, just move abroad, its retarded

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066524)



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Date: September 9th, 2024 1:51 PM
Author: ruddy athletic conference national

Until the roving liberal death mobs begin, it's CR to inoculate the youth to whatever extent possible.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066632)



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Date: September 9th, 2024 2:28 PM
Author: Bull headed crackhouse private investor

You should take advice from Tommy T, he seems very happy with his life choices

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066741)



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Date: September 9th, 2024 2:34 PM
Author: idiotic fantasy-prone locale therapy

thank friend, everyday im like "wow, life is unreal"

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066759)



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Date: September 9th, 2024 1:27 PM
Author: very tactful cruise ship

There is no point in relaxing because “chill” low-paying jobs don’t exist irl and you’d just get called champ for taking one

The point of FIRE or just building a nest egg is if you get fucked by GC like a Gen Xer and literally can’t find any job anywhere at all, then you can chill and not be homeless.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066547)



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Date: September 9th, 2024 2:03 PM
Author: ruddy athletic conference national

You must have had limited exposure to HR. I could be a director-level business partner in my fucking sleep.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48066670)



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Date: September 9th, 2024 5:05 PM
Author: contagious famous landscape painting spot

During ITE, my wife an I had a negative six-figure net worth, we were both unemployed and she was pregnant. Now we have a net worth over $3 million and relatively speaking we are pretty goddamn relaxed

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067270)



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Date: September 9th, 2024 5:07 PM
Author: stimulating lilac garrison sandwich

180, how much do you typically put away per year?

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067272)



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Date: September 9th, 2024 5:14 PM
Author: contagious famous landscape painting spot

We are typically saving 200-300K per year, although last year we bought a condo for my mom so she could live closer

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067289)



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Date: September 9th, 2024 5:39 PM
Author: stimulating lilac garrison sandwich

that's v good. HHI?

we make ~500k, and we save like $150k. i feel like we aren't saving enough. two kids, though.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067366)



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Date: September 9th, 2024 5:57 PM
Author: contagious famous landscape painting spot

We make 600-700K depending how my wife's firm is doing. We also have two kids. After she made partner she decided cooking and housework were beneath her so that's also costing us

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067437)



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Date: September 9th, 2024 6:03 PM
Author: stimulating lilac garrison sandwich

180, is she in midlaw?

i'm at a regional midlaw firm with like 700 attys and make just under $500k as an equity partner. is this a TTT embarrassment? maybe so but i'm more preftigious than spacecorn.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067459)



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Date: September 9th, 2024 6:08 PM
Author: Fighting Clear Senate Digit Ratio

I make 40000k

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067482)



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Date: September 9th, 2024 7:24 PM
Author: contagious famous landscape painting spot

Yeah, she is in midlaw. She actually made more than that during the SPAC boom but probably won't reach that again

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067725)



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Date: September 9th, 2024 5:43 PM
Author: Bull headed crackhouse private investor

Oh wow, that's crazy. Did the father of your wife's child contribute child support at all?

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067382)



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Date: September 9th, 2024 5:49 PM
Author: contagious famous landscape painting spot

Let's just say Darnell has contributed in other ways

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067406)



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Date: September 9th, 2024 5:55 PM
Author: startling main people dog poop

lol 180, glad things have improved

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067430)



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Date: September 9th, 2024 5:52 PM
Author: awkward prole library

If you have young kids, that $1.5M will cover college for 1 child following 15 years of inflation and no growth since your pulling it all out to pay living expenses.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067416)



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Date: September 9th, 2024 5:59 PM
Author: emerald federal state really tough guy

cr

with a family you need at least $10 million

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067448)



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Date: September 9th, 2024 6:07 PM
Author: awkward prole library

i can't tell when people are flaming. $10M is much higher than I'd need.

With 4 kids, I would not be comfortable even semi-retiring (i.e. i take a chill, low paying job just to pay day-to-day expenses), unless I had $2M outside of retirement accounts and no mortgage.

At that point, I'd have enough to get them all to adulthood debt free and be able to help them out financially when they need it.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067475)



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Date: September 9th, 2024 6:17 PM
Author: Exhilarant bipolar church building

Cr. If I got just $1m more net after any tax, I could pay off all my debts, fund my kids’ 529s to appropriate level.

With another $1m in retirement after that, I’d start to relax a bit I think.

Actual retirement? Lol no thank you.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48067514)



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Date: September 9th, 2024 10:13 PM
Author: awkward prole library

We are beasts of burden meant to die the moment our useful lives expire. Retirement is an affront to nature.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48068292)



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Date: September 10th, 2024 10:44 AM
Author: emerald federal state really tough guy

cr get back in there

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48069642)



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Date: September 9th, 2024 10:05 PM
Author: odious rambunctious coldplay fan

yeah move to Thailand and slash Thai cunnis and live well till you die



(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48068262)



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Date: September 10th, 2024 11:01 AM
Author: lemon haunted graveyard

hey dont tell him my plans

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48069713)



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Date: September 9th, 2024 11:56 PM
Author: Shaky Hall

I will prob have less than that when I punch and am not worried about it

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48068667)



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Date: September 9th, 2024 11:57 PM
Author: stimulating lilac garrison sandwich

Brother. How have you been?

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48068668)



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Date: September 9th, 2024 11:59 PM
Author: Shaky Hall

Been good man just busy. Trying to live life IRL a lot more and chasing kids around.

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48068672)



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Date: September 10th, 2024 12:07 AM
Author: stimulating lilac garrison sandwich

Good to hear. Glad ur well. Yours has always been one of my very favorite monikers

(http://www.autoadmit.com/thread.php?thread_id=5591218&forum_id=2#48068709)