Eh, Rockefeller is traditionally considered the first US billionaire, which precedes the creation of Batman by a bit of time. It is wild that we’ve gone from becoming a billionaire being a first to commonplace in 100 years.
“Just a millionaire” isn’t just small potatoes, it’s genuinely suggested to have a couple million in assets in the US to be able to survive old age comfortably. Like bare minimum to be comfortable and not in a shitty home where you’re possibly suffering elder abuse and possibly separated from your wife/husband/loved ones.
So many of us are so so so fucked. We need you more than ever, Batman.
From my BIL accountant the rule of thumb is 20x your yearly target. Want to life off of 100k? You need ~2mil in investments to be able to take 100k out every year and (more or less) keep the 2 mil (this is based on long term market averages so ymmv)
Eh, Rockefeller is traditionally considered the first US billionaire, which precedes the creation of Batman by a bit of time. It is wild that we’ve gone from becoming a billionaire being a first to commonplace in 100 years.
“Just a millionaire” isn’t just small potatoes, it’s genuinely suggested to have a couple million in assets in the US to be able to survive old age comfortably. Like bare minimum to be comfortable and not in a shitty home where you’re possibly suffering elder abuse and possibly separated from your wife/husband/loved ones.
So many of us are so so so fucked. We need you more than ever, Batman.
From my BIL accountant the rule of thumb is 20x your yearly target. Want to life off of 100k? You need ~2mil in investments to be able to take 100k out every year and (more or less) keep the 2 mil (this is based on long term market averages so ymmv)