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by fragmede 24 days ago
Mitchell Hashimoto's got tres commas in his bank account and his own jet. He doesn't need to take commerical, or even first class. If we backsolve, say $10,000 is a once a month purchase, and $10,000 for a hotel and you stay a month. Say your other living expenses are $10,000/month, so we're shooting for spending $20,000/month. With the recommended shaving off 3% the nest egg, (20,000 * 12) / 3% gets us $8 million in the bank.

So at $8 million in the bank, you could take a $10,000 plane trip, stay for a month, spend $10,000 on a hotel, take a $10,000 flight back. Still upper end of net worth, but nowhere near Mitchell Hashimoto territory.