Comment on Who are the "middle class" supposed to support in the class stuggle?
sunzu2@thebrainbin.org 4 days agoYou don't need to be a billionaire.. 10 million plus is sufficient to never have to work again if you are not absolute degenerate and know how to manage money.
100 million if you have to cosplay being "rich"
blarghly@lemmy.world 3 days ago
1 million is commonly agreed upon in the FIRE community as the number to hit to have a confortable retirement in perpetuity. Following the 4% rule, you could withdrawal $40k each year to live off of and would almost certainly not run out of money before you die, even accounting for inflation.
sunzu2@thebrainbin.org 3 days ago
That number doesn't math... Unless you also have a paid off house.
blarghly@lemmy.world 3 days ago
Why not? I lived on about 20k last year. I live in a camper van most of the time, so no rent for me. But even paying (imo, a rather exorbitant) $1000/mo for a studio, you are still only at 32k per year.
dream_weasel@sh.itjust.works 3 days ago
You CAN do it but that sucks. 40k a year is not enough money unless you’re happy to live like you’re poor, but just don’t have to go to work every day.
Financially independent, sure. But I don’t plan to retire to sitting in my van reading a library book eating rice and beans until I give up the ghost, you know? Color me entitled, but I think we can draw the hypothetical lines a little higher than you have set them for you.