[quote=scaredyclassic][quote=deadzone]With 8-10 million I at that age I just don’t see why anyone would have to work if they didn’t want to.
I mean even if you earned nothing on your investments, you could pull 200K a year for 40 years and that doesn’t even take into account ss or your rental income.
that would allow for a pretty good lifestyle in my book, maybe just not driving Rolls.[/quote]
Inflation, investment risk…40 years is too long to be set. With just a couple million, a man is essentially a pauper. At 8 million, maybe middle class.
They key element for happiness is Todo better than your peers.maybe thats why piggington depresses me[/quote]
rising health care costs, rising insurance costs, possibility of needing long term care. possibly of a family member needing something or both…
Lots of possible ways to end up bankrupt even with an initial arsenal that you planned against it.
Like I said, as much as a car guy I am, you don’t see me driving a $100k+ car around. Wouldn’t be very financially responsible….Inherently, when it comes to myself. I’m cheap. Well, that if and I had a faster car, I wouldn’t need to make a financial plan because I probably would end up jack knifed and dead.
