03-30-2012, 09:06 PM
Part of the X factor for people that hasn't been discussed is age too. At 34 I've got a LOT of life (both my grandfather's lived in excess of 92 years!). And while I've started saving for retirement, even $100k would be a few multiples of what I've got currently stashed and no where near where I want to be 30/35 years from now.
Add to that I love my job, or at least the line of work I'm in, and it would take $10 Mil+ to get me to quit tomorrow. With $5 Mil I'd start to think about quitting after I started a business or two I've been dreaming up, but it would be almost 6 months before I truly weighed everything, talked to lawyers and financial planners and business mentors, and decided what the best options were. With nearly 60 years left on my life $5 Mil isn't going to get me to the end of that... mostly because I'm staring down 60 years of inflation!
~A
Add to that I love my job, or at least the line of work I'm in, and it would take $10 Mil+ to get me to quit tomorrow. With $5 Mil I'd start to think about quitting after I started a business or two I've been dreaming up, but it would be almost 6 months before I truly weighed everything, talked to lawyers and financial planners and business mentors, and decided what the best options were. With nearly 60 years left on my life $5 Mil isn't going to get me to the end of that... mostly because I'm staring down 60 years of inflation!
~A