2.5 million and I quit my job. 100k/year passive income. I’m learning to cook, probably adopting a child or 2.
3 thoughts of school:
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Actually never working at all from my 30s onward, probably around 10 mil €.
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Quitting my job and getting into lazy investment to get a passive income, around 1.5 mil €.
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Playing into me being passively suicidal, if I loose my job and the number hits zero, I’m just killing myself. Technically that would also mean I don’t have to work again.
Number 3 is the most realistic one.
- Playing into me being passively suicidal, if I loose my job and the number hits zero, I’m just killing myself. Technically that would also mean I don’t have to work again.
Dude, if you really want to do that, don’t waste your life pointlessly: rob a few banks and give the money to charities, Luigi a few billionaires, and play cat-and-mouse with the cops until they find you, and then make sure they suicide you, not you.
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20 or 25 times my annual expenses. There is an entire movement on the Internet dedicated to save up and then never work again. FIRE is the Google term if you’re curious.
2 million euros would be enough for me to live comfortably for 50 years.
I’m shocked at the huge sums people are posting. I agree 2 million is loads. 600k for a house then the rest is 2k per month of disposable income for 60 years.
600k for a house could also mean 15k in yearly taxes or more depending on where you live.
right, here in Australia, where I am annual property taxes are AUD$1800.
And property prices in Sydney and Melbourne are much higher than a USA or Europe equivalent.
Enough to provide the USA median income of about $85K from investing it conservatively, while keeping up with inflation, plus a little cushion in case of emergencies or adverse economic conditions.
That’s about $10M.
this dude does that with just a million.
Based on a very abbreviated look at his channel, I would argue that he does not. His investments are not conservative; the kind of investments he’s advocating require continual research and significant expertise or they become high-risk. That doesn’t count as “never working again”; it’s working as an investor with yourself as the client.
When I say “conservative”, I mean stick the money in an index fund or three and do nothing more than reinvest any returns over the median income on a good year so there’s some extra to take out in a bad year.
i retired at 35 and am now 60, i have nothing like what people say they need here. i have been investing since i was 19, i have a gf, a modest cottage in a small town in Australia, no debts and we travel thru SE Asia 8 months a year.
There’s people living on way less with really interesting lives out there who don’t work.
The late game is the problem for me, how do you’ll manage it?
manage what ? sorry I’m not sure i understand?
I think they mean once your age related issues catch up.
700k and I’d be choosing to be dirt poor in monetary value.
But I’d have freedom to live. Not lavishly, but I’d be free. Read books. Exercise. Creat art. Love, maybe.
There are many things in life that are both valuable and nearly costless. That’d be better than what I do now.
💯 👏
£5.25 million.
£250k to pay off my mortgage and then £100k a year for the next 50 years would see me through until death-ish. Although tbh I wouldn’t need anything like that. I’m on 52k which is about £41k after tax.
I save a third of that already.
The UK seems too expensive. I just wondered why people would want to live in such a expensive country. I understand that the UK provides good opportunity for works and career, but cost of living eliminates the benefit of salaries. Have you thought about moving to a cheaper european country? If not, what is the reason?
Because I’m british and i like living in the UK. Also our cost of living might be higher than places like Portugal and Greece but its a lot lower than places like Norway and Sweden and on a level with France and Germany.
I love visiting Europe but I’ve no intention of leaving the UK
I understand. Thank you for the explanation.
