> When I first hit $100K income, I would take a peek at my W2 for a few days admiring the six digits, but then it wore off. When I hit $200K, $300K, $400K, and $500K, it was the same thing. I would be delusional to think that earning $1M, or $10M would suddenly make it different. >What is out there that I could do that would make me excited waking up every day for the next 45 years that could also earn me enough mone…
A good balance between risk and returns is often considered to be 10% annualized. Annual comfort living expense for family of 4 is at least $120K net in most urban areas. Adding taxes, your gross would be around $150K. So $1.5M in investment is often considered good in theory for achieving financial independence. The big issue however is that returns are averaged over long duration and so on some years you can end wi…
Re: Why I quit a $500K job at Amazon to work for myself
#241Wait, are you saying that 10% is a safe withdrawal rate? There's been a ton of research on this, and most analyses come up with 3-4%.