@derelict to [email protected]English • 2 years agoMeasured in time at your current income, what would you consider a life-changing amount of money?message-square35arrow-up138arrow-down10
arrow-up138arrow-down1message-squareMeasured in time at your current income, what would you consider a life-changing amount of money?@derelict to [email protected]English • 2 years agomessage-square35
minus-square@zerbeylinkEnglish7•edit-22 years agoI’m in my mid 40s, married with three kids (teenagers and one in his twenties) and we’re right in the middle of middle class. $100K I could pay off both our cars, and put a nice down payment on a house and enjoy a lower cost mortgage. $500K I could buy and furnish a house, no more rent or mortgage (but still taxes, which are pretty reasonable where I live). $1 Million same, but a nice nest egg for the future and help my kids get set up. $2 Million or more I could seriously consider retirement. $5 Million or more, I’m definitely retiring.
I’m in my mid 40s, married with three kids (teenagers and one in his twenties) and we’re right in the middle of middle class.
$100K I could pay off both our cars, and put a nice down payment on a house and enjoy a lower cost mortgage.
$500K I could buy and furnish a house, no more rent or mortgage (but still taxes, which are pretty reasonable where I live).
$1 Million same, but a nice nest egg for the future and help my kids get set up.
$2 Million or more I could seriously consider retirement.
$5 Million or more, I’m definitely retiring.