2 million taxable account colleague claims?

[sloh]

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Def. I used to think 2M and I could take the gas off the brakes. Now I think the number is 4-5M

 

[finalpsychyear]

Def. I used to think 2M and I could take the gas off the brakes. Now I think the number is 4-5M

Yeah i hear ya. The problem is its a moving target. For example in 3-5 years someone gets to there number then feels its no longer enuf due to inflation and things feeling more expensive than the stats say.

Waking up in the next 2-3 yrs at 5m liquid would be great to go PT or 7-8m to maybe start considering work optional status. Again moving targets and lets be honest we are going to have some type of correction sooner than later. I feel there is a window you need to maintain the liquid net worth for a few years. Dont wanna be the guy quiting to see the nw drop 25-30% the following 1-2 years at a youngish age.

 

[emergentmd]

People who brag about how much they have typically do not have nearly as much. Most ultra rich people I know (5M-10M+), never talk about money unless asked for advice.