What net worth is the minimum to be rich?
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Date: March 28th, 2026 9:02 PM Author: chestnut useless brakes patrolman
nope
im there
its poor
u have enough to not worry but you cant do anything with it
everything is crazy expensive now
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49777489) |
Date: March 28th, 2026 8:57 PM Author: exhilarant infuriating piazza
I think a NW of $2 mm or an income of $400,000 is "rich" in the sense that you can live a normal, nice life and never really worry about money.
NW of $5 mm or income of $1 mm you're rich in that you can live a luxurious life and not worry about money.
NW of $15 mm or income of $3 mm is what you need to start spending money stupidly.
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49777476) |
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Date: March 28th, 2026 9:02 PM Author: chestnut useless brakes patrolman
when i was 19 i was making $2/hr as a waiter and was getting girls numbers every single weekend while working
dont think i ever was happier
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49777492) |
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Date: March 29th, 2026 12:14 PM
Author: .,.,,...,...,..,....,...,...,...
LJL at being able to afford multiple houses and an expensive collector car at $10M. A net worth of $10M will generate passive income of about $500k per year in a 60/40 or comparable portfolio. Once you factor in taxes, that's barely enough to afford a house in a high COL area, much less two. I feel like $10M is the minimum to be able to afford a decent house in a high COL area and be able to take a couple vacations per year without sacrificing your future.
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49778301) |
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Date: March 30th, 2026 12:43 PM
Author: .,.,,...,...,..,....,...,...,...
$500k per year is about $250k after taxes. Let's call it $20k per month to keep the math easy. Mortgage lenders usually don't want you to spend more than 28% of your income on housing. Usually the absolute most that they will approve is 40%. That means you have about $8,000 per month for housing. If you try to buy a million dollar home, your PITI will run close to $8,000 monthly if you are in a state with normal property taxes. And you won't get a very good house for a million in most HCOL areas. So, $10M might make you rich in Iowa, but it's not very rich for cities where people actually want to live.
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49780675) |
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Date: March 30th, 2026 8:58 PM
Author: .,.,,...,...,..,....,...,...,...
The point is that a $10M net worth translates into about $500k of passive income annually. It's not enough to quite wagecucking if you live in a HCOL area.
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49781859) |
Date: March 29th, 2026 12:12 PM Author: AZNgirl in southern Iran searching for Handsome
Thanks to Trump's Iran shit I inshallah will get to $1.5m this year, that is really furk u NW but $2m is the point where it's prob max, like if u had 5m vs 2m ur life wldnt be that diff.
Trump shld keep furking shit up maybe I can get to 2m within a year.
But anyway, u goys will never get it. U can control ur expenses, u dont have to life in shithole USa, u can live nice almost anywhere nowadays even in furking Kenya I saw a five star huge grocery store better than any shit ive ever seen in US. In Nepal I have a $27 airbnb that is absolutely 180, brand new and feels lux
So its not just NW, its becoming location independent but the jews dont want u to do that, and u are good goys so continuepaying ur joo mortgage and taxes so israel has the iron dome. GOOD GOYS
THANKS BIRDSHITS
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49778296)
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Date: March 29th, 2026 12:16 PM
Author: .,.,,...,...,..,....,...,...,...
Just move to a Third World shithole, have no friends or family, and do nothing other than drink cheap beer and poast all day. Sounds 180.
(http://www.autoadmit.com/thread.php?thread_id=5851042&forum_id=2Reputation#49778305) |
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