It would be difficult to live a typical existence on that much money - although that's quite a large range. $25k would be extremely restrictive. Even if you own a home you have maintenance and periodic repairs/replacements. Same for a car. And both come with annual taxes and fees and insurance that typically increase every year. It doesn't make any sense to me.If you live off 25k or 35k a year while having a NW close to 2M I dont think that´s likely. OP will probably continue to eat oatmeal with water for breakfast, pasta with margarine for lunch and nothing for dinner. I am not sure how you can dwell, have a car and eat for that little money.No. You can’t.
You will have a lot of free time. You will be doing things that require spending money. You will end up spending more. So, you need more. $2.5M should do it.
Statistics: Posted by tibbitts — Sun Mar 17, 2024 10:19 pm — Replies 17 — Views 1880