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Originally Posted by pornguy
10k per month??? Maybe not quite that high, but at least 5k, and that is a nice living for most people. Especially when you dont have to do anything.
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Depends on your circumstances. $5k/month is a good general number for 'maintenance'. If you're on your own or just you and the missus in a house that's been paid for and you're just chillaxin' and enjoying, 5k/month would easily cover daily expenses and provide plenty of extra capital for additional investment, hobbies, trips and whatnot.
If you're supporting a wife and 2 kids in a house with a $1500/mo loan payment, you're not going to go anywhere fast on $5k a month. Additional descretionary spending would be nonexistant, and any sort of emergency would require you to dip into your investments. Of course, someone with a mil or so invested pulling a solid 6% as dividend is probably not going to be in an unpaid house, but you get the idea.
I'd say $10k/mo would do most anyone for all the basics and then some unless you have like 20 kids, 3 ex-wives and a fat mortgage. Anything beyond that is just conspicuous consumption.
... and fuck, isn't conspicuous consumption what this industry is all about?
