What’s your definition of a wealthy person? Sure, Bezos is rich, but where do you put the threshold?

@neidu3@sh.itjust.works · edit-2 4M

What’s your definition of a wealthy person? Sure, Bezos is rich, but where do you put the threshold?

@sexy_peach@feddit.org · 4M

For everyone, right? Nobody works everyone just collects their 3k

bluGill · 4M

For most of us reading this it is an obtainable retirement income. On the world stage if you can read this you are probably rich. A little bit of savings can get you 3k inflation adjusted once you reach “old age”.

@ComradeMiao@lemmy.dbzer0.com · 4M

Of course on the world stage this varies per country but I agree that a big of savings can get you there by retirement, especially if done early.

In China a common goal is to save 140k USD then invest it and retire by one’s mid 30s living a simple life.

bluGill · 4M

That would be achievable in the US as well - 140k US saved and living a “simple life”. Those some people who try it go back to work in a few years because it turns out they value a more complex life. YMMV.

@sexy_peach@feddit.org · 4M

A little bit of savings? How much would you need to save per month?

@ComradeMiao@lemmy.dbzer0.com · 4M

Relax. If you max out your ROTH IRA every year until retirement that is possible (for the US).