@neidu3@sh.itjust.works to Ask Lemmy@lemmy.worldEnglish • edit-21 day agoWhat's your definition of a wealthy person? Sure, Bezos is rich, but where do you put the threshold?message-square93fedilinkarrow-up174file-text
arrow-up174message-squareWhat's your definition of a wealthy person? Sure, Bezos is rich, but where do you put the threshold?@neidu3@sh.itjust.works to Ask Lemmy@lemmy.worldEnglish • edit-21 day agomessage-square93fedilinkfile-text
minus-square@ComradeMiao@lemmy.dbzer0.comlinkfedilinkEnglish2•1 day agoOf course on the world stage this varies per country but I agree that a big of savings can get you there by retirement, especially if done early. In China a common goal is to save 140k USD then invest it and retire by one’s mid 30s living a simple life.
minus-squarebluGilllinkfedilink2•1 day agoThat would be achievable in the US as well - 140k US saved and living a “simple life”. Those some people who try it go back to work in a few years because it turns out they value a more complex life. YMMV.
Of course on the world stage this varies per country but I agree that a big of savings can get you there by retirement, especially if done early.
In China a common goal is to save 140k USD then invest it and retire by one’s mid 30s living a simple life.
That would be achievable in the US as well - 140k US saved and living a “simple life”. Those some people who try it go back to work in a few years because it turns out they value a more complex life. YMMV.