this post was submitted on 04 Feb 2024
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A Boring Dystopia
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Being a millionaire isn't even enough anymore. You have to be at least a multimillionaire to live off of it.
Yeah, because they know that they are the next 'middle class' that will be targeted for extraction.
No joke I used to do consulting work for fast food franchise owner with 4 locations, the guy netted 800k a year with investments added.
Caught him several times literally sweating in fear that he wasn't going to be able to afford his kids private school and that he'd have to sell a franchise to stay above water.
Would be nice to get some class solidarity with them, but they've spent generations spitting on us so I really don't think they'll ever join the cause.
Hell, most of them blame US for the inflation that has made their money worth less.
Uhh no. I could do just fine with the rest of my life and a million dollars.
If you keep working and investing etc etc, sure. That's not what I said.
I said to live off of it, which is generally the implied point of the "millionaire" goal. Retirement and whatnot. The generally accepted number is you can safely pull down (depending on the year and performance etc etc) ~30k, MAYBE 40k per mil you have invested. Fine if you're still in the workforce and all that but it's not paying the bills on its own if you have a single M.
Nope. 1 million.