>>60692907Correct. Living on $1M in assets gets your enough to pay property taxes on a shitty house, a mediocre car every 7-10 years, a weekly trip to Longhorn steakhouse and a twice a year plane ticket to see your grandkids.
$5M gets you a decent house, a decent car, ability to fly (coach) and travel to basic 4/5 star destinations and eat at good restaurants, with regular maid cleanings.