08-25-2024, 03:44 PM
#31
Originally Posted By stevemckenna⏩
An additional 400k is still going to reduce your working timeline. Time is one of the most valuable things we have. I would say it’s life changing, unless you’re worth millions
I think the key word is "life changing." A lot of us are in our 30s or older so it's not all that surprising we have a net worth higher than 400K. Now, is 400K still a lot of money? Absolutely. Is it "life changing?" No, not really.
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08-25-2024, 03:46 PM
#32
Anything is better than $0
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08-25-2024, 03:50 PM
#33
lol no
08-25-2024, 03:53 PM
#34
Originally Posted By stevemckenna⏩
If you're net worth isn't a solid 4-5 million already than I'd wager you have no business calling 400k not life changing money.
I think the key word is "life changing." A lot of us are in our 30s or older so it's not all that surprising we have a net worth higher than 400K. Now, is 400K still a lot of money? Absolutely. Is it "life changing?" No, not really.
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08-25-2024, 03:53 PM
#35
Absolutely.
Even with 50k you can do a lot
As someone who has zero assets I can tell you first hand how much having 10k can be stretched
Even with 50k you can do a lot
As someone who has zero assets I can tell you first hand how much having 10k can be stretched
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08-25-2024, 03:55 PM
#36
Originally Posted By blazenbb⏩
With compound interest and savings rate for someone in their 40s, they can stack 400k in 2-3 years. So no, not life changing for people who invest and save.
An additional 400k is still going to reduce your working timeline. Time is one of the most valuable things we have. I would say it’s life changing, unless you’re worth millions
Plebs may think it's life changing, but it's really not if they don't have basic financial principles down. Most people would blow right through it. Look at most lottery winners; usually ruins their life. So perhaps it's life changing, but in a negative way.
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08-25-2024, 03:56 PM
#37
Originally Posted By BigGuyTruth⏩
I would rope if I were to wake up and be all the way down to $400k, so, in that sense, yes it would be life changing.
Let's say you wake up and there's 400k in your account, would this change your life? All taxes are paid for and stuff
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08-25-2024, 03:57 PM
#38
Originally Posted By r0gueking⏩
99.99999% of people are in debt, which means they don’t know how to manage money, which means they'll blow the $400K and end up right back in debt.
$400k is life changing for 99.999999% of people on the planet.
Reference: The majority of lottery winners.
08-25-2024, 03:57 PM
#39
Originally Posted By blueberryboy⏩
It's not 4-5 mil but I don't really need much in life. It would just go on a pile for rainy day purposes.
If you're net worth isn't a solid 4-5 million already than I'd wager you have no business calling 400k not life changing money.
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08-25-2024, 03:59 PM
#40
Originally Posted By stevemckenna⏩
Even if you have $3Mill right now. $400k would still be life changing.
I think the key word is "life changing." A lot of us are in our 30s or older so it's not all that surprising we have a net worth higher than 400K. Now, is 400K still a lot of money? Absolutely. Is it "life changing?" No, not really.
Are you trying to argue that fact or are you trying to impress people by implying you are that well off? Stop it man.
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08-25-2024, 04:06 PM
#41
Originally Posted By stevemckenna⏩
Is your house paid off? Do you have any debt?
It's not 4-5 mil but I don't really need much in life. It would just go on a pile for rainy day purposes.
I reckon it's life changing even with $4 million networth
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08-25-2024, 04:07 PM
#42
Originally Posted By r0gueking⏩
Dude, nobody is scoffing at 400k. I'd suck dick for 400k. All I'm saying is, nothing about how I live my life would change over 400k.
Even if you have $3Mill right now. $400k would still be life changing.
Are you trying to argue that fact or are you trying to impress people by implying you are that well off? Stop it man.
Are you trying to argue that fact or are you trying to impress people by implying you are that well off? Stop it man.
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08-25-2024, 04:09 PM
#43
probably ~97% of people have a net worth under $1-2M so don't let misc mogging fool you…$400k would alter the lives of the vast majority
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08-25-2024, 04:09 PM
#44
I'd throw it into Doge coin since I don't need it
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08-25-2024, 04:11 PM
#45
Yes. I could buy a house on some land in cash and live happily ever after with no debt. Will never need to play the jew usury game again.
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08-25-2024, 04:13 PM
#46
as long as you had income, it'd be life-changing
if you had no other money coming in, no it wouldn't
if you had no other money coming in, no it wouldn't
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08-25-2024, 04:17 PM
#47
It wouldn’t change a thing for me.
But it would for most people. If you can’t live a pretty comfy life with $400k in the bank, you have a spending problem.
But it would for most people. If you can’t live a pretty comfy life with $400k in the bank, you have a spending problem.
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08-25-2024, 04:17 PM
#48
You could get 6.7 mil hbar
BST 32k dividends/year
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IEP 96k div/year
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08-25-2024, 04:31 PM
#49
Originally Posted By stevemckenna⏩
This.
It won't change much I'd feel more financially secured.
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08-25-2024, 05:11 PM
#50
Yes, because we could retire sooner, but it wouldn't change anything in the next 10-15 years.
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08-25-2024, 05:28 PM
#51
Originally Posted By _zman⏩
Even for people who do well. I’d say 2-3 years of additional time you get in your 40/50s is life changing. I’d much rather not work for 3 extra years
With compound interest and savings rate for someone in their 40s, they can stack 400k in 2-3 years. So no, not life changing for people who invest and save.
Plebs may think it's life changing, but it's really not if they don't have basic financial principles down. Most people would blow right through it. Look at most lottery winners; usually ruins their life. So perhaps it's life changing, but in a negative way.
Plebs may think it's life changing, but it's really not if they don't have basic financial principles down. Most people would blow right through it. Look at most lottery winners; usually ruins their life. So perhaps it's life changing, but in a negative way.
08-25-2024, 05:31 PM
#52
Originally Posted By _zman⏩
Lmao at thinking it's just some trivial thing for the average 40 year old to just stack 400k In 2-3 years
With compound interest and savings rate for someone in their 40s, they can stack 400k in 2-3 years. So no, not life changing for people who invest and save.
Plebs may think it's life changing, but it's really not if they don't have basic financial principles down. Most people would blow right through it. Look at most lottery winners; usually ruins their life. So perhaps it's life changing, but in a negative way.
Plebs may think it's life changing, but it's really not if they don't have basic financial principles down. Most people would blow right through it. Look at most lottery winners; usually ruins their life. So perhaps it's life changing, but in a negative way.
The % of Americans who could even come close that would be extremely small
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08-25-2024, 06:08 PM
#53
Originally Posted By blueberryboy⏩
where does that guy live?
Lmao at thinking it's just some trivial thing for the average 40 year old to just stack 400k In 2-3 years
The % of Americans who could even come close that would be extremely small
The % of Americans who could even come close that would be extremely small
i remember a few years ago (when i looked it up) australia's lowest of the low make like 80k.
just looked it up… minimum wage is ~50k lol
the MEDIAN in the u.s. is like 35k
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08-25-2024, 06:47 PM
#54
Originally Posted By propreffered7⏩
$50k Au is like $30k American.
where does that guy live?
i remember a few years ago (when i looked it up) australia's lowest of the low make like 80k.
just looked it up… minimum wage is ~50k lol
the MEDIAN in the u.s. is like 35k
i remember a few years ago (when i looked it up) australia's lowest of the low make like 80k.
just looked it up… minimum wage is ~50k lol
the MEDIAN in the u.s. is like 35k
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08-25-2024, 07:07 PM
#55
I’ve never owned a Lambo before so it would change my life in that way
08-25-2024, 07:19 PM
#56
I worked so hard to get to where I’m at. I’m not going to disrespect that sacrifice by dreaming about some hypothetical. I used to have those dreams a lot in the past and there’s always a hangover after when you look around at less.
I am honestly grateful for my circumstances.
I am honestly grateful for my circumstances.
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08-25-2024, 07:24 PM
#57
It would be for me because I know what type of investments I would make and side hustles that I would be able to start with it.
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08-25-2024, 07:49 PM
#58
Originally Posted By Briangumble⏩
This.
It would be for me because I know what type of investments I would make and side hustles that I would be able to start with it.
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08-25-2024, 07:51 PM
#59
90% of it would go right into investments
i think it would help longterm but because of how i'd allocate the funds i dont think i'd consider it life changing
i think it would help longterm but because of how i'd allocate the funds i dont think i'd consider it life changing
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08-25-2024, 07:53 PM
#60
Originally Posted By blueberryboy⏩
The average 40 year old isn't doing it, but a person who works in sales can do it pretty easily with any type of discipline. When you're in your 20s and early 30s it's harder to earn $250-300k and actually save it, because it's much easier to piss it away partying and on cars and such. But near age 40, you should have most of the really frivolous chit out of your system and can probably live on a rather small budget
Lmao at thinking it's just some trivial thing for the average 40 year old to just stack 400k In 2-3 years
The % of Americans who could even come close that would be extremely small
The % of Americans who could even come close that would be extremely small
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