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by milkshakeyeah 1050 days ago
If you are rich you are the Nomad, if you are broke you are a hobo.
2 comments

The Nomad can quit at any time, the Hobo can't.
Which is he? He looks broke/hobo. But some pics seem like there is apartment, and that he travels some. So does he have some money and is nomad? (some nest egg? he doesn't look like millionaire).
He worked for Nokia until 1990, theoretically if he held onto some stock for 10 years it could have been quite the windfall.
What does a millionaire look like?
A million dollars ain't what it used to be.

There are lots of millionaires which are not stereotypical rich people.

I would say most, most of the millionaires I've met are in this bucket
A 4% return (which is pretty easy to get, even after tax) on $1 million nets you $40k per year.

It's not a lot of money, but you could live off it if you were frugal.

Especially if you own your home and things like vehicles.

(Reminder that the median income in the US is $44k a year). So lots and lots of people make that work...

I think you have no idea what it costs to live in most parts of the world.
I don't know, that is why I was asking.

The parent post was making distinction between rich/poor and nomad/hobo. I can't tell which this guy is and was asking for more background.