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If someone gave you that, you'd get used to living on it. If you thought it was reliable, you'd scale your expenses to the point where that covered most of them. You might even take on debt that was easily carryable at that level. They what happens when your income gets cut down to $100K? Still sounds like a lot of money if your not making that. But you'd be stuck, big time.
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Originally Posted by no1brownsfan
Give me $1 million a year, and watch how I live! Heck, $250,000 a year would be fine.
If someone gave you that, you'd get used to living on it. If you thought it was reliable, you'd scale your expenses to the point where that covered most of them. You might even take on debt that was easily carryable at that level. They what happens when your income gets cut down to $100K? Still sounds like a lot of money if your not making that. But you'd be stuck, big time.
My needs are simple. I'm damn close 40 years old. I don't need a McMansion, nor a pimped out ride, a boat, a motorcycle (none of that). Quite simply, I'd like a roomy ranch on a nice plot of land, an efficient vehicle, the funds to put my son through college, and to be able to see the sights around this country. No need to incur more debt. It's debt that gets us in trouble anyway.
Yep. I'd retire the next day and live better than I ever have before even with 3% interest rates!! And I'd be richer than about 99% of the world's population!
If someone gave you that, you'd get used to living on it. If you thought it was reliable, you'd scale your expenses to the point where that covered most of them. You might even take on debt that was easily carryable at that level. They what happens when your income gets cut down to $100K? Still sounds like a lot of money if your not making that. But you'd be stuck, big time.
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Heck, $250,000 a year would be fine.
