2007-12-22 00:51:44 · 21 answers · asked by heathmm 4 in Entertainment & Music ➔ Polls & Surveys
I would be happy with a couple of million. I'm not greedy;)
2007-12-22 00:54:28 · answer #1 · answered by Not just a pretty face 3 · 0⤊ 1⤋
What you need is an income that is enough to live on and do what you would like to do without being over the top (takes longer to make over the top money).
So how much income do you really need? If you have no mortgage, no credit card outstandings, no car payment then you can live on about $20,000 a year (depends on what you want to do but for the average guy this is ok).
Property taxes, auto insc, utilities, food and such would take less than 10000/year so a 10000-12000/year spending money (minus taxes, but they are lower at this level).
It is all those extra expenses like a mortgage etc that make us have to have the larger income. Without those we can really live on a lot less and do more.
So work it out and work for that debt free and liveable income. Invest in stocks that pay you money and hold them, don't sell, let them pay you for the rest of your life and sell when you're really old. Only pay taxes when you sell and little on the rest as your income is not too great so your in a low income tax bracket.
2007-12-22 09:04:04 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends how you want to live. I retired at 51 and moved to Thailand with my English wife. We maintained a good standard of living until my wife died 2 years ago. Since then I have married a Thai woman and moved to the North East of Thailand. Although my income reduced dramatically as my wife's pension stopped I still maintain a good standard of living. I am told by my brother that the pension I receive would not be sufficient for any sort of life in England or I suppose, the rest of the Western world.
2007-12-22 09:11:26 · answer #3 · answered by Tony A 6 · 0⤊ 0⤋
One million & I could find a way to retire and make the money last.
2007-12-22 08:57:56 · answer #4 · answered by Jay (cynical) 7 · 0⤊ 0⤋
I was told that you need to still be bringing in at least 2/3 of what you are currently making and that is counting on your house and automobile being paid off by then.
2007-12-22 08:55:32 · answer #5 · answered by Harley Lady 7 · 0⤊ 0⤋
2 million Euro will be OK.
That would be 100 for each day if I live another 50 years. That should be more than OK.
2007-12-22 08:55:51 · answer #6 · answered by Anonymous · 0⤊ 1⤋
it depends on how long you live after you retire.1 year..? maybe 20 years ....think about it
2007-12-22 08:58:39 · answer #7 · answered by wingding 2 · 0⤊ 0⤋
$30,000 would eliminate our 2 biggest bills (not including mortgage) and make up for the slight decrease in paychecks.
2007-12-22 09:09:08 · answer #8 · answered by Anonymous · 0⤊ 0⤋
enough to pay your
taxes
gas/electic/water bills
getting around(bus, taxi, petrol, insurance etc)
basically - thousands.
this countries economics have gone so bad lately
money is really starting to ruin yet make the world..
2007-12-22 08:55:58 · answer #9 · answered by Anonymous · 0⤊ 1⤋
it is so bad that we can't live forever. if i did, i would have billions of dollars in my retirement.
2007-12-22 09:09:40 · answer #10 · answered by elaine.patton 5 · 0⤊ 0⤋