Thread 60904190

1 million is a lot of money

Maybe 30 years ago. You need $10M to semi-retire these days.

>>60904190 (OP)
1 million is chump change, anon.
You're not going to make it thinking like that. Stack vaulta and aim for 100 million.

>>60904190 (OP)
Thats 850000€. Laughable and pathetic.

>>60904202
I retired with 500k. Im about to kill myself

>>60904190 (OP)
It's true. It's not enough to live a glamorous lifestyle but it's enough to live on for many years.

Median income is 45k a year in USA, so thats around 20 years of average income.

Jobs are overrated, I quit my job in 2023 and for a whole year and I only spent around 15k on rent and groceries with all my time free to do what I wanted.

Not to mention you can also turn 1 million into consistent income, a decent dividend portfolio with 1 million can net you 80k a year.

It's enough to be safe. If you have a million in index funds it should be growing by about 80-100k a year.

If you're still working a real job and saving additional money you pretty much made it. But it's also enough where if you lose your job you can get a mcwage anywhere and just live off the income and health benefits while your savings continues to grow. So imo it's not enough to retire and live comfortably but it's enough to never have to worry about money and even be considered well off assuming you're willing to put in a medium amount of effort.

>>60904352
This. It's enough to be quite comfortable but not to completely quit your job. By my calculations you need at least 1.5M in high yield producing assets to do so at the moment, so not "much" more but inflation keeps rising so...

>>60904729
How shitty is your country, that you cannot find low six figure places with cheap housing/rent, that arent nigger or meth head landfills.

$3M is the new $1M

>>60904202
kek more like a 100 million in my part of the country

No it isn’t. Twenty years ago, sure. $1m gets you a shoebox in any major city or surrounding area. You can’t retire on $1m unless it’s from a Roth and you own property. Or you evade taxes.

Unreported inflation has completely rotted the dollar and is turning it into the next peso. Real cumulative inflation since 2010 has been 250 percent instead of 40 percent as they tell you on the Bureau of Labor Statistics website. The government calculates and cooks its bullshit CPI (a basket of what an average American buys) in order to keep benefit amounts lower.

A McDouble from McDonald’s has went from $1 to $3.59 in 15 years but the government and its little scabby faggot defenders will tell you to your face that cumulative inflation since 2010 has been 48 percent. Everything has at least doubled in price even in this short period but they’ll fix their thick glasses before “correcting” you.

>>60904202
This is also wrong. You can withdraw $75k (2.5 percent) from $3m indefinitely even if you’re in bonds, the safest asset.

>>60904190 (OP)
This

>>60904202
>$10M to semi-retire
At 45 maybe. At 25 $10 million will be $10k 20 years later if not a dime was spent.
Is no one paying attention to the looming hyperinflation?
>inb4 conspiracy theory
The Federal Reserve isn't part of the federal government and only gold and silver are real money.
I denounce the talmud and israel should be nuked.

>>60904737
I live in Cuckifornia. I'd say 1.5M is the bare minimum for being comfy here and that's not controversial at all.

>>60904793
>muh heckin McDonald’s is so expensive, the gubbermints lying!
How quaintly American

>>60905946
it's a good benchmark because McDonald's supply chains and costs are measured and optimized at the granularity of a fraction of a penny to maintain viable margins at scale

>>60906809
And what the does that have to do with inflation, McDonald’s is optimized to generate profits not to ensure a perfectly inflation resistant hamburger option. Like I said, it’s quaintly American to think your ability to stuff your face with cheap burgers is the only measure of quality of life.

>>60907210
>McDonald’s is optimized to generate profits not to ensure a perfectly inflation resistant hamburger option
The majority of McDonald's profit comes from real estate revenue and franchise licensing fees, not selling McDoubles. McDonalds corporate sets the price for each menu item. It literally is optimized to ensure a menu that correctly adjusts for rise in supply chain and labor costs (inflation), otherwise their entire business model breaks down. Pretty hilarious that you thought McDonalds makes their profits from selling McDoubles though.

>measure of quality of life
We're measuring inflation, not quality of life. Are purposively being dishonest, or are you just stupid?

A rise in the price of food is one of the most obvious impacts of inflation to the consumer.

>>60904190 (OP)
reddit says 30 million is the new millionaire

>>60907309
>Pretty hilarious that you thought McDonalds makes their profits from selling McDoubles though.
I never said this, maybe re-read the post?

>McDonalds corporate sets the price for each menu item. It literally is optimized to ensure a menu that correctly adjusts for rise in supply chain and labor costs (inflation), otherwise their entire business model breaks down.
The price isn’t set based on a perfect inflation adjustment, hence the concept of a profit margin and loss leaders, where prices reflect costs that aren’t just inflation, in both directions. It’s pretty hilarious you thought McDonald’s prices their burgers only with regards to inflation though.

>>60904202
I don't even try anymore. If I use my love on sol it's to live a little better, but I know I'll never be able to retire
My only hope for that is that society collapses in about 30 years

>>60905946
You sound like a govt. shill.

You take a legitimate argument based on firsthand evidence then:
-Ignore it
-Strawman it
-Act intentionally obtuse
-Insult OP & the intelligence of anyone who goes along with it; implicitly threatening them with social status decline
All in a short easily digestible manner

I believe you are paid by the govt. to stifle dissent.

>>60908398
>anyone that denies the price of muh cheeseburger is LITERALLY the economy is a gubbermint shill
Sure dude. Slava US

>>60908402
do you realize you replied from the wrong VPN?

>>60908413
I don’t think I did, I think I’ve been very clear I think your burger based economics are retarded

Just go live to south america or east asia and BAM you can easily retire with 500k.

Unless you all have a wife and kids, which would be extremely uncomfortable for me

Let’s do some quick burgernomics.

>inflation since 2010: 47%
>increase in McDonald’s net profit margin since 2010 (20.6 to 32): 55%

Now, as the burgernomics aficionado‘s amongst you know the McDouble is no longer on the “value”/BOGO menu, so we must use the Double Cheeseburger (DC) pricing instead.

>price per DC with BOGO: 2.59
>price of DC in 2010: 1.19
>1.19*1.47*1.55=2.71
>total expected margin and inflation adjusted cost of DC in 2025: 2.71

I think it’s clear now fellow burger lovers, the thing keeping us from stopping consuming more cheeseburgers per capita than our ancestors is none other than the McDonald’s profit margins, not inflation.

>>60908524
And of course, to point out the inevitable from anon, the “fanatic” burgernomics enjoyer as one might call him:

>Total MCD’s net profit margin can act as a surrogate for cheezeburger profit margins given that MCD’s could open more corporate stores to sell sweet sweet burgers if the margin would be higher than real estate significantly, so we can assume a reasonable surrogate profit margin for those delectable grilled delights

>>60904190 (OP)
It's enough for me to start a business and then regret it because I didn't spend it all in a week, that's what I feel will happen when I'm done with my dogs or my NPC, no amount of money is enough now