1374
Dont get it twisted.
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 22 Jan 2024
1374 points (97.8% liked)
Microblog Memes
5402 readers
2815 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
- !whitepeopletwitter@sh.itjust.works
- !best_of_mastodon@sh.itjust.works
- !curatedtwitter@sh.itjust.works
- !curatedtumblr@sh.itjust.works
founded 1 year ago
MODERATORS
It's generally considered safe to withdraw 4% of your nest egg each year. Someone with 2 million can support an 80k/year retirement.
The average multimillionaire is literally just any person with a six figure salary who has been saving for retirement and is nearing retirement. You basically can't retire without at least being a millionaire.
Yeah the big difference is now much it takes to amass that money. If we have a capitalist system, there's nothing wrong with workers saving money to retire with a few million.