Studies show that from an income of 75k USD net (now with inflation ~100-110k net) no more means being happy. I think that if the capital yields at least 100k € per person p.a., then that's enough for me.
In other words, 300k for my family at 4% p.a. return after tax = 7.5 - 9 million and I would say I don't need more.
In other words, 300k for my family at 4% p.a. return after tax = 7.5 - 9 million and I would say I don't need more.
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1Wk
@Papiertiger Good calculation! At least the only objective one so far. I like something like that. 👍
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@Papiertiger Good attitude! But shh! 🤫 If everyone thought like that, we would have a problem as investors. So let people believe that consumption will make them happy so that they get on the hamster wheel and allow themselves to be exploited. 😬
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@Papiertiger
I had a jump from 50K to 60K this year and can agree with that. (I also got a 26k bonus)
As of January I'm now on about 70K as I've been promoted and I'm not crying tears of joy.
I already take a lot of vacations every year, have all kinds of additional insurance and don't need a car in the city (girlfriend has one anyway 😃).
70% of my money goes into the stock market.
The thing is: I like working and do my job very well. Work 30% less than a few years ago. I think this combination with no money problems makes me the happiest and I think that's true for most people too!
I had a jump from 50K to 60K this year and can agree with that. (I also got a 26k bonus)
As of January I'm now on about 70K as I've been promoted and I'm not crying tears of joy.
I already take a lot of vacations every year, have all kinds of additional insurance and don't need a car in the city (girlfriend has one anyway 😃).
70% of my money goes into the stock market.
The thing is: I like working and do my job very well. Work 30% less than a few years ago. I think this combination with no money problems makes me the happiest and I think that's true for most people too!
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•1Wk
@Investment4Life Sounds ideal! Good job, good wife, good money. What more could you want?
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@Papiertiger The 75k study is nonsense. There are much more recent studies.
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