Is the math mathing?
LinkedIn User Breaks Down Why $10 Million Isn't Enough for Retirement
- Thread starter the elastic
- Start date
Is the math mathing?
BobbyWojak
Superstar
*in nyc
Hater Eraser
Veteran
Hater Eraser
Veteran
In The Zone '98
Superstar
Live the same way you been living
Never forget that these people get rich because their connections and ability to leverage them. They aren't smarter than average. I guess you could make the argument that they have a high EQ when it comes to navigating their narrow social circles, but just understand this person is legit so stupid that he can't retire off 6.4m.
Drip Bayless
Superstar
This math is atrocious
You would still have nearly 100k a year of spending money for 30 years after all living expenses
You would still have nearly 100k a year of spending money for 30 years after all living expenses
If u black
U just hope u make it to retirement
And stop reading when this fool start talking about wife and kids. GTFOH
U got young kids at 70??
U just hope u make it to retirement
And stop reading when this fool start talking about wife and kids. GTFOH
U got young kids at 70??
O.T.I.S.
Veteran
Exactly
So what is this dude selling?
And if whatever bills are paid, what else you doing that you need more than 40-50k a year?
O.T.I.S.
Veteran
This is the white persons version of a scammer. He panders doom and gloom but wants you to invest in some shyt he’s selling.
Buy his program
Buy his books, etc.
And who tf would want to retire in NYC? For 10 million, I’m building a crib somewhere overseas if Im retiring.. or moving to a retirement friendly community
Also needing to have side income
Buy his program
Buy his books, etc.
And who tf would want to retire in NYC? For 10 million, I’m building a crib somewhere overseas if Im retiring.. or moving to a retirement friendly community
Also needing to have side income
Jay Kast
Hidden Royalty
He's an idiot.
Investing 5.6m into index funds and withdrawing at a rate of 3%-4% will return 168k-224k per year while your principle remains relatively the same.
If you can't survive off of that, even in NYC with a family, you have bigger problems.
Investing 5.6m into index funds and withdrawing at a rate of 3%-4% will return 168k-224k per year while your principle remains relatively the same.
If you can't survive off of that, even in NYC with a family, you have bigger problems.
This is rage bait bullshyt, okay, 10 m’s isn’t enough to retire on, well guess what? 99% of this country “retire” on less than 100k in thier savings, @ 65+, smh, these poor rich people and their money fan fiction. Give me 10 m’s and I bet I would be able to retire me, my wife (she’s on disability anyway) my daughter, and my parents (they are already retired), and my brother and his family, and we would live just fine.