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How much is enough

Home ▸ Archive ▸ Serious Business ▸ How much is enough
darbypitcher22's avatar

darbypitcher22

Senior Member

8,000 posts
Jan 24, 2011 5:06 PM
$3 or $4 would be good
Jan 24, 2011 5:06pm
Jester's avatar

Jester

Valedictorian Hater

700 posts
Jan 24, 2011 5:09 PM
Jan 24, 2011 5:09pm
ernest_t_bass's avatar

ernest_t_bass

12th Son of the Lama

24,984 posts
Jan 24, 2011 5:09 PM
darbypitcher22;650840 wrote:$3 or $4 would be good

Just go buy a scratch off.
Jan 24, 2011 5:09pm
Ender Wiggin's avatar

Ender Wiggin

Senior Member

1,124 posts
Jan 24, 2011 5:24 PM
Anyone with even a modicum of intelligence should be set for life with around 1-2million.
Jan 24, 2011 5:24pm
I

I Wear Pants

Senior Member

16,223 posts
Jan 24, 2011 5:43 PM
$1-2 million would let you live comfortably for life but it would take around $5-10 million to live in a bit of luxury without getting extravagant.
Jan 24, 2011 5:43pm
Heretic's avatar

Heretic

Son of the Sun

18,820 posts
Jan 24, 2011 6:25 PM
ccrunner609;650903 wrote:Whatever this guy has



Ah, opulence for you, then. As I believe his direct quote is, "Opulence...I has it."
Jan 24, 2011 6:25pm
Red_Skin_Pride's avatar

Red_Skin_Pride

Senior Member

1,226 posts
Jan 24, 2011 6:47 PM
I would say 10-12 million. Pay off my student loans, buy/build a nice house on some land, a couple new vehicles for my girlfriend and I (were practically married lol), give some to immediate family, and invest the rest. If I were single, I could easily make it on something like 2 million, but if I had my CHOICE of how much, I'd ask for about 10-12 to do all those things (mostly for my family).
Jan 24, 2011 6:47pm
HitsRus's avatar

HitsRus

Senior Member

9,206 posts
Jan 24, 2011 8:31 PM
$3 million...according to our financial advisor.
Jan 24, 2011 8:31pm
Cat Food Flambe''s avatar

Cat Food Flambe'

Senior Member

1,230 posts
Jan 24, 2011 8:32 PM
We need about $850K in saving to maintain our currently style of living after adjusting for certain reductions in spending (commuting expenses, no more mortgage, etc. If Social Security is still around 15 years, it will be somewhat less. I'll make that call in about ten years. Frankly, uspect that anyone born after 1960 better count on not being able to draw SS and Medicare until age 68 to 70- it's the only way either system will be able to survive.

We should be able get to that level in about five more years. and will be happy to build up over that level - we started the 401K and the IRA early. I'm fortunate in having a wife who understands the need and spends accordingly - this is a woman who is perfectly happy to drive a five-year-old Chevy Cavalier if it means more money in the savings account.
Jan 24, 2011 8:32pm
Murdski99's avatar

Murdski99

Senior Member

399 posts
Jan 24, 2011 10:14 PM
Jester;650844 wrote:
[video=youtube;B4C96ZTJIhU][/video]
Jan 24, 2011 10:14pm
Iliketurtles's avatar

Iliketurtles

Senior Member

8,191 posts
Jan 24, 2011 10:28 PM
2-5 million would be good enough for me.
Jan 24, 2011 10:28pm
J

jmog

Senior Member

6,567 posts
Jan 25, 2011 2:03 PM
To never have to work again? After taxes, 2-4 mil would be plenty. I'm not a retard with money, I could invest half, live off the interest, and go "wild" with the other half no problem.

Just to be "comfortable" for the rest of my life? $250k after taxes. That would put me not only 100% out of debt, but be able to invest some of it and then...my normal pay would look astronomical without all those payments.
Jan 25, 2011 2:03pm
J

jmog

Senior Member

6,567 posts
Jan 25, 2011 2:35 PM
Ender Wiggin;650863 wrote:Anyone with even a modicum of intelligence should be set for life with around 1-2million.

If the 1-2 mil is after taxes, then I agree with you 100%.

Heck, even if its before taxes so I'd have to work a few more years and not quit now ;).
Jan 25, 2011 2:35pm