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this post was submitted on 07 Jul 2024
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No Stupid Questions
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No such thing. Ask away!
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I'd think you would end up living differently just because of the scale.
Let's say you were suddenly handed 100 million dollars. Lottery, inheritance, whatever.
I don't know what your annual salary is, but for me, that's 694.4 years worth of annual income.
So "paying myself" my current annual salary, which NGL, is pretty comfortable, it would take 694.4 years to burn through $100M.
Of course interest changes that as well. Capping yourself at whatever your annual income is would likely see your wealth continuing to grow and never shrink.
All of a sudden, a world of possibilities opens to you. Vacation rentals? Screw that, vacation HOMES. AirBNB them 96% of the time (50/52 weeks a year) and that's more money on the pile.