2.5M considered wealthy

Discussion in 'Luxury and Lifestyle' started by 2rosy, Aug 21, 2024.

  1. ironchef

    ironchef

    Unless your $5M came from lottery or inheritance, when you get there you will still fly economy because old habit doesn't go away. :(
     
    #31     Aug 22, 2024
  2. ironchef

    ironchef

    Because after you get there you will be shooting for $25 million. Nothing is wrong with you, it is human nature, hard wired into our genes.
     
    #32     Aug 22, 2024
    jys78 likes this.
  3. jys78

    jys78

    Carrying that house (insurance, taxes, maintenance, mortgage interest and/or opportunity cost of having equity tied up in it) will likely be >100K pa. Your remaining 1M won't last too long with this sort of allocation!
     
    #33     Aug 22, 2024
    ironchef likes this.
  4. ironchef

    ironchef

    @Overnight did say no mortgage.

    Yes, $1M will last you about 10 years, unless you are an ET and get a > 30% return day trading ES.
     
    #34     Aug 22, 2024
    jys78 and Overnight like this.
  5. VicBee

    VicBee

    Having had and having lost from a young age, I learned (it was very hard at first) to live to my abilities and not my wishes.
    I don't fly as much as I used to but I'm also not as young as I used to. I now only fly economy+ but starting next year I will spend 6 months in Mallorca and 6 months in Singapore. These 15 hour flights will quickly take me back to gold or platinum status with opportunities to upgrade to business.
    Of course, if TSLA goes to 500 then it's business til death do us apart. :D
     
    #35     Aug 23, 2024
  6. cesfx

    cesfx

    The privilege of wondering how many millions are enough...
     
    #36     Aug 23, 2024
    semperfrosty and VicBee like this.
  7. Not long to go now Vic! :D
     
    #37     Aug 28, 2024
    VicBee likes this.
  8. VicBee

    VicBee

    :banghead:.... To be fair, the whole market took a dump and it's not over based on after market.
    I had SMCI on my radar following some fluff about a split.... -20%!o_O
     
    #38     Aug 28, 2024
    semperfrosty likes this.