• ampersandrew@lemmy.world
    link
    fedilink
    English
    arrow-up
    2
    ·
    52 minutes ago

    But that’s what I mean by how quickly you can accumulate wealth at a quarter million per year. Of course something could go wrong early in your career, but the average case is far better than that. Could I stop working and live comfortably? For a while. We’d have a lot of runway, far better than a 6-month emergency fund. Given a bit more time and saving into index funds, that can become indefinite, and that’s on our far-lower salaries than Schreier lists.

    • HubertManne@piefed.social
      link
      fedilink
      English
      arrow-up
      1
      ·
      49 seconds ago

      yeah you could potentially get rich if you saved enough and where lucky enough with investments but your not really rich until you are there. honestly I think what I have is still a bit low for rich. rich is like in town in manhattan and palatial estate somewhere else. could eat out if you want every night and likely hiring some sort of help and I would say more than two things or at least one full time position. like basically you have to start having stuff that people might not even want at all. like a yacht. I mean merely owning a yacht would not be enough. I know a guy who was super into sailing and had what is technically a yacht but the traditional type not the grandiose type.