So let me get this straight. If you're a boomer and invested $15K year for last 40 years, you'd have $11.5mm today. A couple would be at $23mm. Why isn't every boomer rich like this?
Son of a Bichon (Humility and Gratitude + TRT)
16.8K posts
Son of a Bichon (Humility and Gratitude + TRT)
@BichonRedux
Matthew 25:40 The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me.’
Joined December 2021
- LOL never deleting this app. See the twist at the end.
- I live a solidly middle class lifestyle, but without a mortgage. Granted, my house is probably nicer than average, but anyways the following is my personal budget for retirement. Basically, you need to make $200K+ to live a middle class lifestyle in the US. Cold. Hard. Truth.
- When I was 30 and started dating now wife, I was broke and in 6 figures of debt. She was paying most of the rent so I could pay my credit cards. So I wrote her a check for $10m and said one day she would be able to cash it. Well, boys. We did it. I'm in the 8 figure club.
- $AAPL revenues declining for several years, yet stock keeps pushing higher. Incredible.
- $8-9m net worth is a nightmare. Too much money to want to work. Not enough to Iive a spendy lifestyle.
GIF - Replying to @SethQueThey shoulda cut back on smoking and those vacations to Yellowstone.
- How to be close to 8 figures and feel poor: $3mm in trading account. Will live off the dividends, so can't touch $2mm in home equity. Big tax bill, no int. deduction and SALT tax cap. $2mm in retirement accounts. Can't touch $2mm in RSU's w/private company. Could be a $0
- Replying to @richyboycaldoThey shoulda tried to make it work.
- Dumb luck I’ve had 1) Married millionaire. Allow me to work for startup 2) Liquidity event providing me with working capital 3) Covid stock market. Make millions Even with all this dumb luck, I can’t get over the hump and reach escape velocity. Middle class forever.
- Let's look at the baseline cost to simply exist in the system. This is what the system takes from you before you eat one calorie of food or buy one scrap of clothes to cover your freezing naked hopeless body. They say $100k is the new $30k because it literally is.
- This is how crazy I am. Yesterday afternoon wife says she wants to DoorDash some Indian food. I know that order is going to be $100+. I see a stock trading $0.04 below options pin price. I buy $30k worth knowing mm will let it breath after market close. It does and I make $200.
- Replying to @KnoxEndemicYou always count the bar. Never met anyone who didn’t.
