70
What is your "I could have been rich" story?
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Aug 2024
70 points (96.1% liked)
Asklemmy
43995 readers
1050 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
I'm sorry but how is a couple million "not rich"
In my mind, rich means not having to work again. A couple million doesn’t even get close, sadly.
I'd agree with this guy's definition of rich
The word you're looking for is "wealthy."
Please give me a couple millions.
What the hell is your lifestyle? The returns on an investment of 2 million dollars is like high 5 figures low 6 figures every year.
Here in Australia, it's costing our family of five about $100k a year to live, excluding our mortgage. 4% return ($80K) is conservatively realistic here (for low risk investment), and still isn't enough.
Like I said, while it would've set me up with a house and no debt, I'd still have to work to pay for the cost of living.