How much money do you need?

[Morpheus]

I could do with $500,000 but that's AFTER taxes are taken out.

[Morpheus]

What's 5 % of 500,000 ?

25,000

You couldn't live on $25,000 / year ?

[InkyWretch]

No, I couldn't quit my job and live on $25k per year.

My in-laws own a business and are self-employed. They pay around $1,300 per month for health insurance. That's nearly $16,000 per year you'll be paying for health insurance.

[horne_dawg]

[ QUOTE ]
My in-laws own a business and are self-employed. They pay around $1,300 per month for health insurance. That's nearly $16,000 per year you'll be paying for health insurance.


[/ QUOTE ]
Quotes like that make me happy, that I live in Canada.

[homer001]

2 mil if you're frugal, 5 mil if you less frugal. I'd side to 5 mil. If i'm relaxing, kight as well do it comfortably.

[jcmack13]

$10 million, not a penny less, but I live in Manhattan. If I had $9,900,000, I'd keep working.

And that's after tax.

[fnurt]

[ QUOTE ]
$10 million, not a penny less, but I live in Manhattan. If I had $9,900,000, I'd keep working.

[/ QUOTE ]

$5 million to buy a decent apartment, the other $5 million for maintenance...

[jcmack13]

[ QUOTE ]
[ QUOTE ]
$10 million, not a penny less, but I live in Manhattan. If I had $9,900,000, I'd keep working.

[/ QUOTE ]

$5 million to buy a decent apartment, the other $5 million for maintenance...

[/ QUOTE ]

nh.

[goofball]

$5M

[Nick-Zack]

[ QUOTE ]

You couldn't live on $25,000 / year ?

[/ QUOTE ]

When I was 25 I made $25K and thought I was the richest person alive. Last year at 39 I made $110K and seemed to have less money then I did at 25 - ex-wives, kids and mortgages are alot more expensive than you would think.