[murukesh_s]

I feel you are having this thought process because you are still a student where you can afford to live frugally. Once you get a job, your social status get raised and you would need 100k a year to live comfortably. So even $1MN is not going to take you far if you stop working, i would even suggest $10MN is also a risky bet, unless you invest it wisely as inflation can easily wipe out a large chunk of that value in few years.

[eertami]

>your social status get raised and you would need 100k a year to live comfortably

Haha come on. You know that is not true. I live a pretty good life where I get to move country every few months (in Europe), have expensive hobbies, ski 100+ days a year and after currency conversion make closer to 50k.

For what it's worth, I only work 2 days/week, if I "needed" 100k USD I could go to a full time position but I don't see why I would ever "need" that. Especially if I was choosing to live in 1 location and spend less time on hobbies.

[murukesh_s]

It also depends on the culture and country. I am in a country where there is no social security, and therefore I have to support both my parents, my spouse and my kids with my income. The society expects me to pay for my kids tuition fees, their future marriage expenses, my family medical expenses, other loans I have taken etc.

Also part of the 100k goes towards a retirement fund (investments in bank savings, real estates etc) and saving for any unforeseen circumstances. I can't imagine living in united states with less than 100k per year and paying for tuition fees for your kids, house loan/rent and have a decent savings. If the medical is free, and i have an option for retirement and not that much strings attached, 50k would suffice..

[ddorian43]

Medical isn't free, but ~1.5K/year/person (NL, DE etc)

[ddorian43]

Can you explain your costs please ? Like taxes & rent ?

[10122018]

> i would even suggest $10MN is also a risky bet

If you had to guess, what percentage of people outside HN, outside Silicon Valley, do you think would consider having $10M to be a risky bet? I'm sorry, but I believe that is very, very disconnected from the reality that most people live in.

[murukesh_s]

I was talking from the silicon valley perspective. You need to adjust it based on the country you live in.

I understand you, I have been a student and believe me I lived for few dollars a day (that too in a comfy way) including accommodation and food. When I started a job in 2004, making 200k USD was my dream retirement amount. Now I don't call it would be comfortable with even $10 mn and never having to work again. I would definitely keep working as long as I can even with $10 mn in my bank. It's not that I am greedy and have to constantly go for vacations or stay in 5* places. When you have a partner and kids, you really need to spend that much money to live in the social status that you ends up in your society. Home mortgage, kids school fees, dress, food, family outings and it could easily add up. You are talking about in the range of 10k-200k per year depending on the country/city you live in. In expensive cities where you need 100-200k to live comfortably, $1mn will last you only a few years even with good return on investments adjusted against inflation. It's very unfortunate but it's true. You too shall see that day when you grow up.

btw i just noticed and in case you need any emergency assistance, feel free to ping me, it's not that I am rich, but can help you out in anyway i can - murukesh @ <google's email service.com >

[10122018]

> I was talking from the silicon valley perspective. You need to adjust it based on the country you live in.

Yes, I can appreciate that.

And I appreciate your offer. It's honestly pretty nice just to know that somebody here understands, and cares. We have all struggled, and will continue to struggle, in our own ways. Kindness is everything.