Home Forums Hunting & Shooting Hunter's Campfire Millionaire.

Everyone loves to talk about how others spend their money or credit.

Depends how long you live from that point

If you're living off interest and SS as I posted before, how long you live is irrelevant.

Depends when you start, how you can cover healthcare and how you want to "live"

And interest rates (that until recently were close negative) and the solvency of the SS fund.

Agreed.

Buncha high maintenance dudes on this thread.


You janers might only be able to afford a couple Luis Vitton bags a year.

Work, drink, sleep, repeat.

Most especially if you have an expensive wife…. Spend all your money till you are left with a penny.

Yeah....that seems pretty lame.

Except the drinking part.


I get drunk in the morning...get stoned in the afternoon....

Money can't buy love.

You haven't been shopping for a long time, have you?

I recently completed a post-retired budget on a spreadsheet. Listed everything I could think of, then started guesstimating how much we’d spend on each item per month. Summed it, annualized it, subtracted SS, then multiplied the remainder by 1.3 to account for taxes. Then I divided the result by 0.05 to see how much I needed to generate the result in interest at 5%.

When we tip over the kids get the principal.

Looks like I’ll need to keep saving for awhile.


Edit to add, love was a line item, but I called it “gas.”




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Agreed...

But being an Iowa brokedick...

Buys absolutely NOTHING.

HERCULES AND PLUTUS

When Hercules was received among the gods and was entertained at a banquet by Jupiter, he responded courteously to the greetings of all with the exception of Plutus, the god of wealth. When Plutus approached him, he cast his eyes upon the ground, and turned away and pretended not to see him. Jupiter was surprised at this conduct on his part, and asked why, after having been so cordial with all the other gods, he had behaved like that to Plutus. "Sire," said Hercules, "I do not like Plutus, and I will tell you why. When we were on earth together I always noticed that he was to be found in the company of scoundrels."

Not really. We have been doing retirement planning. We owe 0 to anyone. Our bills total $3k/mo. We want $6k/mo after taxes. We will die with more money than we have now.

I turn 61 in a few months. Social Security in 14 months, and in 2 yrs. I get $750 month from a pension. That should be about $2,800 month.. We dont owe anything and out house is 15 yrs old so no major repairs. As of now, we have a fair amount per yr. in dividends from our home made retirement account. Some is old 401K's though. That will bring us to about $60K a year, and $75K yr. after the wife gets her S.S. ( fingers crossedwith S.S though).. We will be fine, only cause I live so cheap . All those millionaires you all talk about, I could make them blush. Snicker. But I like it that way. Millionaires straightening out nails? You mean some people throw out crooked nails? I hang my clothes on the line 12 months a yr. and I live in Wis. They do dry in winter fairly well. Heat with wood . My electric bill was $67 and gas was $19. last month.. I don't always work on my cars anymore though.. I hunt 5 miles from home , fishing hole is 26 mi. A person can live pretty good with quite little. My son works at a " wealth managment firm. He sais " dad, the ones that have money live poor and are the happiest. The trust fund people are seldom happy, always have to complain about something and got their money for free. He sees 1,200 accounts , including his bosses. Monday God gave me a wakeup call. Many times I complain that I cant retire yet. That day , I tore my rotator cuff again . The pain is just unbearable sometimes. I worked 4 hrs. Monday and by Thursday the pain lessened to soreness and was bearable when sanding the oak floor. I was so happy to be back at work and said I would gladly work late into life than live in pain all the time. It was a blessing to be back at work.

There is a TV show by that name. Interesting how quick, easy money changed people's lives.

That's based on fake inflation numbers. To live like a 1970s millionaire today would take ten million dollars or more.

Depends on how a millionaire lives, I guess.




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