Quote:
Originally Posted by SeanPizzle
$1m just won't cut it anymore. This only will give you $40k per year. Even with a paid off house, $80k a year is really the minimum I see needed to live a comfortable, yet not extravagant, life. $2.5 to $3M is really a target for us
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How bout having no money coming in. How bout being wiped clean. Think it can't happen? You should have listened or talked to the people who lived through the depression or maybe Weimar Germany. Life can fundlementally change virtually on a dime. It has happened before it can happen again. The risk of it happening is high and is increasing by the year.
I listened to my parents about and lived with the scars that they bore from the Depression. The naive complacency on this Board and in America is astounding. You have all forgotten what is like to be hungry and to be with no hope nor means to change those circumstances. It was that fear that caused them to be prudent and save. You might say that is the reason I preach the gospel.
The fiscal and monetary system you all believe in and think is the rock of Gibraltar is in fact quick sand that is sucking you down. That is the message and continuing huge deficits is the proof. It is called the reality of it.