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I agree with Matt.
My minimum would be $8M.
If I didn’t work boredom would cause spending to increase.
I was able to pay off the house a couple years ago. But taxes and insurance are like a mortgage. More than my first or second house payments. Then there is the constant maintenance on a home. Owning doesn’t stop the bills like you think it will. It does relieve some stress.
Bottom line is I’d get bored. Probably start some other business just to pass the time. I’ll be working until I’m 70.
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Derrick
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