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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This may be true for California, but in Ohio, the cost of living, and taxes are MUCH lower. Living on a paid off farm allows me a big garden, chickens, and a sense of well being amounst the tornado of B.S that surrounds me. We don't incur many of the "needed" expenses that so many others would never think about living without, and are happy being realtive home bodies. We do travel, but not extravegantly, we wear box store clothes, and drive used cars, don't need those cigs, drugs, morning starbux, or daily energy drinks, eat well, but not 5 star, and don't go to clubs.
Should it ever happen that SHTF, we won't be out there searching/scrounging/dying like most most of those in urban areas.