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How Rich Is Rich?

42 点作者 simonreed超过 14 年前

10 条评论

wallflower超过 14 年前
True wealth is how long you can maintain your preferred lifestyle without working. By scaling back, you become wealthier.
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tsotha超过 14 年前
&#62;Over time, the shape of your nest egg would resemble a bell curve, growing in the early years, and then declining as inflation required you to withdraw more money to maintain a lifestyle equivalent to $300,000 in 2010. The $12 million would finally dwindle to $934 when you turned 100.<p>My bank is offering savings accounts that pay, like, .01% these days, so it's not so much a bell curve as just the right half of a bell curve. You can get a bit more interest from investments, but your risk goes up too. It would suck to be 50 after 15 years of not working and find you don't have any money. Would you even remember how to tie a tie?<p>Anyway, the big wild card is health care. Nobody will insure you as an individual if you have a health problem, and the bills you can rack up at the hospital are almost open-ended. I went in for just a couple days last year and they billed my insurance $26k.<p>It's not at all clear to me the changes the Democrats made last year will survive the next. I'd want at least 4-5 million in the bank just to feel secure on medical.
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abp超过 14 年前
Now all that living without working stuff is not quite right, i think. What if you don't work at all. Sure you can work not, and be non productive. But what does that mean for your life?<p>I want to work and i want to learn constanly. I don't want to be rich. If i would be i don't want to life on the money by myself. I just want to life and money is by far not everything.<p>What the hell is wrong with the persons that brand their lifes to "getting rich is everything"? I think that is actually what anoys me most with startup culture today. Its all about success, high exits, getting rich. Make as much money as you can in a short time.<p>But what for? What did you really gain from that? A burnout? A million? A few millions? And then you probably end like a austrian millionare and donate all your richness, before you really retire, just to life again and don't have to worry about all that richness.
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joystickers超过 14 年前
This article talks about two different things. First, it talks about how much money one would need to live comfortably in different parts of the country. Second, it talks about retirement.<p>I have a question about the latter. Does anyone else notice that the retirement articles are always written by the same old school business journalists, in this case CNN Money?<p>I think this article illustrates a major difference between our generation (I'm 24) and previous generations. The retirement conversation always revolves around living off of a nest egg investment that will hopefully be enough to survive on later in life.<p>Let's change the discussion to be about earning income regardless of employment status. Anyone banking (no pun intended) on a 401k to sustain himself in 40+ years is nuts imo.
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petercooper超过 14 年前
<i>Indeed, few experts think a million is enough to quit your day job.</i><p>I hear the startup crowd screaming "Wha!" $1m is more than enough of a safety blanket to quit your "day job" and work on your own ideas for even a decade or more. This article clearly assumes being rich involves "not working", yet all of the rich people I know personally are perhaps the hardest workers I know.
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hess超过 14 年前
I spent a few month in rural Nepal (think $10/month for rent). An ipod, digital camera and a few grand in the back account was enough to be considered uber-rich. It's all perspective.<p>Sidenote: Now im back in the startup game and im just as greedy as every else
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happybuy超过 14 年前
Key quote from the article: "Kaye cautions not to confuse wealth with income. Some people can make a million a year, but be spending a million and a half. They are not rich, said Kaye."
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thewordpainter超过 14 年前
I think it's hilarious that people are aspiring to 'retire' at 35 --&#62; they must have picked the wrong occupation to begin with!<p>i can't imagine a day when i won't want to work on something that i'm passionate about --&#62; will i ever really retire?
danbmil99超过 14 年前
Har har, $3800/month for a NYC apt that makes you feel rich? Try $6500++
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lionhearted超过 14 年前
Is this...<p>&#62; according to Steven Kaye, president of Watchung, N.J.-based wealth management firm American Economic Planning Group. He based that number on real-life figures his clients tell him they need.<p>...an example of this? -<p><a href="http://www.paulgraham.com/submarine.html" rel="nofollow">http://www.paulgraham.com/submarine.html</a>