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A top 5% by whose standards?
Again a 5 year old that has $100 is probably top 5%... compared to other 5 year olds. As far as $100 to retire on, that's another story.
Funny thing is you believe that you are thinking out of the box. I see the fact that you don't consider the future as not even coming close to getting to the edges of a box. You are living for today with no consideration for tomorrow. You are confusing people who want money for the sake of having money for those that anticipate they will need to make more money to weather future storms.
You statement "Who knows what could happen?" contradicts your whole premise of it being enough to last for life. It's funny to watch you contradict yourself the more you post.
Let me slow it down for you....
If net worth is top 5% in the United States throughout one’s adult life AND income exceeds living expenses...one should never feel financially insecure. A person with a net worth greater than 95% of people at 65 AND an income that exceeds living expenses should not struggle in this country.
Following my plan (ERT) one’s net worth may be top 1% at 29 and top 5% at 65.
Who knows what can happen...did I contradict myself or did I use the same logic as those prepping for a financial doomsday?
What $330k home? But if I did live in one the property would only be something like $250/month. Does that sound too good to be true?
One person needs more than $250 in food? Do you grocery shop? For arguments sake lets double it and call it $500/month. Happy? My budget is still happy thaf’s for sure.
Three Ramens per day would be about $0.40 x 30 = $12
Notoriously weak Prius CVT? You trolling?
Gaskets? Come on now.
Tires? Every 3 years or so? So what.
How often are roof, electrical, plumbing and sewer lines replaced? Once every 25-50 years? Hell, most homes built after 1940 or so probably have the original electrical that functions fine.
See above.
I’m the real deal.
Sure you are. You still expect people to believe you amassed 7-800k and a paid off house prior to 30, with no discernible job skills in a low cost of living area. Next you will tell us you were making 120k the summer after you graduated high school.
A top 5% by whose standards?
Again a 5 year old that has $100 is probably top 5%... compared to other 5 year olds. As far as $100 to retire on, that's another story.
Funny thing is you believe that you are thinking out of the box. I see the fact that you don't consider the future as not even coming close to getting to the edges of a box. You are living for today with no consideration for tomorrow. You are confusing people who want money for the sake of having money for those that anticipate they will need to make more money to weather future storms.
You statement "Who knows what could happen?" contradicts your whole premise of it being enough to last for life. It's funny to watch you contradict yourself the more you post.
A 5%er HHI in my part of Tennessee is going to be drastically different than a Bay Area 5%er.
The 5%er here would be around $100,000 in income. That's a good salary for the area, but it's not rolling in the dough. A Bay Area 5% family may bring in four times that.
Sure you are. You still expect people to believe you amassed 7-800k and a paid off house prior to 30, with no discernible job skills in a low cost of living area. Next you will tell us you were making 120k the summer after you graduated high school.
I would say some can do it for paid off house/car + ~$400k.
The true minimalist/survivalist types may try it on something closer to $300k (no kids and living expenses under $5k).
I would say some can do it for paid off house/car + ~$400k.
The true minimalist/survivalist types may try it on something closer to $300k (no kids and living expenses under $5k).
Even basic bills like property taxes, utilities, and food would probably run me close to $1,000/month. I might be able to come in under that, but it would require from some extreme frugality that I wouldn't want to keep up for long.
Even basic bills like property taxes, utilities, and food would probably run me close to $1,000/month. I might be able to come in under that, but it would require from some extreme frugality that I wouldn't want to keep up for long.
There are small working class homes around here with $50/month property tax. The miser type could have a $90 power bill and spend ~$150/month on food (lots of beans, pasta, milk, eggs, tuna, etc).
There are small working class homes around here with $50/month property tax. The miser type could have a $90 power bill and spend ~$150/month on food (lots of beans, pasta, milk, eggs, tuna, etc).
Could you do it? Probably. Would most people want to live that way for very long? No.
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