What age to be a millionaire?

[BigHornRam]

Liquidate all your stocks and bonds.... and then dump it into bitcoin. Sell in late 2025. Thank me later

Not even with @SAJ-99 and @Sexual Chocolate fiat money.

 

[jt13]

After considering all of the arguments I've now decided that it takes $2 million to consider a married person a "millionaire". Anyone who says any different is lying to themselves

 

[brymoore]

After considering all of the arguments I've now decided that it takes $2 million to consider a married person a "millionaire". Anyone who says any different is lying to themselves

 

[squirrel]

27pages and all I can think is Dave Ramsey says dont bother asking a poor guy how to become rich, cause he don't know... 27 pages of proof

 

[rogerthat]

27pages and all I can think is Dave Ramsey says dont bother asking a poor guy how to become rich, cause he don't know... 27 pages of proof

Chit squirrel, read the poll results, hunttalk is the high roller hunters talking. Ain’t many po boys here

 

[cgasner1]

27pages and all I can think is Dave Ramsey says dont bother asking a poor guy how to become rich, cause he don't know... 27 pages of proof

Idk i shoot a savage for a reason. That’s been to ak twice

 

[BuzzH]

These guys are all full of it. Want proof I’m not a millionaire and debating on setting up a side saving’s account the wife don’t know about to kill a white sheep. If we had so many millionaires among us you would see more dead sheep.

I wouldn't be so sure.

I can say, for me personally, the problem I have is that after years and years of having it hammered into your head that you need to save for retirement, etc. it's tough to start spending on items like sheep hunting.

It's difficult to come to the realization and change your mindset, that you really do deserve to do those things, that you've earned it, have made good financial decisions, and have the money to do it.

Probably sounds dumb to some people that can't keep 2 nickels in their pocket, but it really is tough to essentially do a 180 on how you approach money management and spending.

IMO/E, one of the only downsides to being fiscally responsible.

 

[grizzly_]

I wouldn't be so sure.

I can say, for me personally, the problem I have is that after years and years of having it hammered into your head that you need to save for retirement, etc. it's tough to start spending on items like sheep hunting.

It's difficult to come to the realization and change your mindset, that you really do deserve to do those things, that you've earned it, have made good financial decisions, and have the money to do it.

Probably sounds dumb to some people that can't keep 2 nickels in their pocket, but it really is tough to essentially do a 180 on how you approach money management and spending.

IMO/E, one of the only downsides to being fiscally responsible.

There's truth to this

I'm not sure where the line is that you transition from committing everything to your duty to provide for your family; and the point when you realize you have one life to live and you'll never get the time back.

We don't know at what age we'll punch out for the last time, so we try and plan to live to 100, but we could die tomorrow.

Which is the greater regret, splurging too young and relying on others later in life, or missing experiences in your life because you waited until everything was perfect, when it'll never be perfect?

 

[Wind Gypsy]

How you mfers having 1 mil networth in the 30s? Did you start your 401k at conception

Hypothetically, A person in their late 30's or early 40s now who started their 401k around the great recession and has been maxing contributions most years since with a nice company match is likely over $500k in their 401k. If said person has also been maximizing their IRA, that should be over $100k. Markets have moved a lot since the great recession. There was a real opportunity for people with the ability to invest back then.

I dont know if one is supposed to include home equity in this equation? but if the same person also purchased a house or real estate at a good price years ago, it's likely appreciation and equity in the said real estate could make up most of the balance to hit $1 mil.

 

[Gellar]

Idk i shoot a savage for a reason. That’s been to ak twice

I got a $20 coat from Wally World that’s getting ready for its 4th Alaska hunting trip!

 

[cgasner1]

I got a $20 coat from Wally World that’s getting ready for its 4th Alaska hunting trip!

Should of bought a kuiu one would have only had to go once

 

[noharleyyet]

Swear jar...and a hammer.

 

[Deleted member 28227]

View attachment 317506

Mr. Trump you must divide your net worth by 2 and you don’t get to count the towers or Mar a lago



@jt13 I get the logic but that’s just now how things work, kinda to neffa’s point about 2 working spouses having a huge advantage.

 

[Forkyfinder]

One thing ive noticed millionares expressly dont do - and i havent done - refinancing continously. Loan amortization makes a lot of money off people who dont get it.

 

[jt13]

Mr. Trump you must divide your net worth by 2 and you don’t get to count the towers or Mar a lago

I've made that my choices, I'm now worth half of what I was yesterday.

 

[BigHornRam]

One thing ive noticed millionares expressly dont do - and i havent done - refinancing continously. Loan amortization makes a lot of money off people who dont get it.

The bank of Paul has always given me the best term and rate.

 

[Forkyfinder]

The bank of Paul has always given me the best term and rate.

?

 

[BigHornRam]

?

I am Paul.

 

[Forkyfinder]

I am Paul.

more practical banking advice from a boomer

 

[RobG]

I wouldn't be so sure.

I can say, for me personally, the problem I have is that after years and years of having it hammered into your head that you need to save for retirement, etc. it's tough to start spending on items like sheep hunting.

It's difficult to come to the realization and change your mindset, that you really do deserve to do those things, that you've earned it, have made good financial decisions, and have the money to do it.

Probably sounds dumb to some people that can't keep 2 nickels in their pocket, but it really is tough to essentially do a 180 on how you approach money management and spending.

IMO/E, one of the only downsides to being fiscally responsible.

This is so true. I'm sick of work, but can't bear the thought of tearing down all I built.