• Snot Flickerman
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    2 months ago

    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.

    • DreamButt@lemmy.world
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      2 months ago

      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)