1 million dollars isn’t making it

>1 million dollars isn’t making it

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True

It is for me. ~$250k house in a safe but cheap area, $750k to put into various index funds and crypto trading, 5% a year easily covers all my living expenses and gives me some play money.

Can invest into property into a cheaper area and live off the rent.

Are you me?

10mil is basically nothing in 2020
>7 mil on a nice apartment in a good city
>3mil for everything else
kek

21 BTC will be making it

its definitely not
this is retarded fud

it’s terrifying. It’s like you have to have 50 fucking million to be safe and fully in the clear.

We're a pretty common breed I think, at least here. Mid 20s-early 30s single men (wizards or maybe one-time-gf-havers), not really that interested in material things, no desire to be around and impress people, spent all of life in school or working, weekends don't do much but those rare week-long breaks bring out a sudden drive to create or improve only to be cut short by work again, etc. What do I need a lambo for? I just freedom from rigid schedules and existence-taxes.

Some people here are just greedy and think they will need a NYC penthouse, hookers 365 nights a year, a yacht, lambo and $100k per year income.

safe, cheap, and fun are the variables when it comes to “areas”. You can only pick 2 of 3.

What fucking city are you trying to live in that costs 7m for a good apartment for one person?

>fun
I have the most fun in my home, free of obligations.

Making it is having a simple ranch in a quiet town with some decent property then surrounding it with anti tank trenches and barbed wire. Use the rest to raise pigs and chickens and one Lama for fun. Then start a podcast saying whatever the fuck you want because you are untouchable

This. So much this. You think I can make it on a mil, user? I need 200k to pay off the house. Ive already bought most of my material possessions. I just need fucking time.

that’s probably because you are a boring and lazy human being

>Can buy 45 acres of land and build a 3 bedroom house for $350k.
>Can make enough money per year on said land to cover living expenses.
$400k and im out fellas. Got almost halfway there at $20, second we hit $50 Ill walk away with a cool $420k after tax and never look back.

>>Can make enough money per year on said land to cover living expenses.
Doing what?
>second we hit $50 Ill walk away with a cool $420k after tax and never look back.
Cashing out your entire stack is unwise. If you wait until $60-75 and hole 1K LINK for a couple decades you’ll likely be able to keep your stardew valley fantasy afloat

Countryside.
Safe, no hooligans and urban density.
Affordable, much more than the city.
Fun, I can shoot my guns, go fishing, garden, long drives, restaurants in town with local food, invite friends over for BBQs with space to entertain.

Depends totally on your standard of living, but the only way 1 million isn't enough to make it for a modern-hermit type of living is if the economy goes really fucky, or if you marry a woman and/or impregnate her.
You do you normie :)

What about taxes?
I was planning on something like this but I feel like that puts a hamper on plans.

You'd end up closer to like 400k-300k for index funds and trading no?

Remember, you don't need to pay in cash. If we end up having substantial inflation this decade, you'll be much better off holding a mortgage.
I was assuming OP meant $1 million post-tax cash in the bank. If you're talking about property taxes, 5% on $750k should effortlessly cover that several times over.

Listen Fren, if you're gonna live in my head like that I'm gonna have to charge rent soon.

>normie
Careful, only one of us is a wagecuck

Unironically true if you want to live in a wealthy country. I live in northern Europe and have about 900k. It's far from enough to retire and live a comfy life here. A decent apartment in the capital of my country is $300k+. I'd say $2.5MM is the minimum to /make it/ here. That's $75k/ year at a conservative withdrawal rate (3%). And a third of that goes to taxes...

That being said, it's still very comfy to have a lot more money than everyone my age (and even people twice my age). It's nice to not have to worry about money and be able to buy most things I want (I don't have very expensive habbits though). And if I really want to, I can retire in poor country (eastern Europe, SEA or South America).

>want to buy a sports team
>my 5 mil in LINK isn’t enough

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What do you do for a living?

Seems comfy. I personally would want to be around a music scene and have access to world class healthcare. The Chad move is to have a main residence in the countryside and an apartment in a major city. That was my pre-covid plan. Although major cities in America are becoming genuine shitholes by day. I will probably have a house in NZ and an apartment in Tokyo.

Everything you said is true for me except I'm pretty good with women when I try and I do like being around people sometimes. At least people I like. There's nothing I hate more than fake people, superficial people and pretentious people though. And most normies are at least one of those.

Already married, but incapable of producing children. Maybe I can escape the wagie life before 35 or before i decide to rope. Thanks for giving me hope.

Feelsgoodman.gif

This is true $10M is needed in the current environment.
Don't get me wrong $1M is a fortune and something 99% of this planet isn't going to earn during their entire lifetimes
You're fucking greedy you can easily support a family for lifetime with $10M and buy your kids houses.

Whats the best way to earn the 5%

>$1,000,000 is just the beginning

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