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0 pointsJabbles1y ago0 comments

Your choice of numbers is very odd - even though you mention that you can adjust them for your own circumstances, the starting point is unrealistic.

- Very few people earn $1.5M/year

- Saving 20% implies that you're spending ~$1M/year while working, so $150k/year in retirement would not be appealing

Did the LLM pick the numbers for you?

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3 comments · 1 top-level

oldandboring1y ago· 2 in thread

Whoosh. You missed the point completely.

Of course very few people earn $1.5M/year. That's my point -- the poster I was replying to was naively thinking they could just work hard for a tech company and save for 10 years and then live off the passive income of the saved investment, which is silly.

The rest of the numbers were conservative figures I chose. $5mm to retire, 20% saved while working, $150k/year passive income. The whole point is that what he's describing is pretty unrealistic.

poikniok1y ago

Whoosh. You missed the point completely.

How did you choose "20% saved while working" as a number? Why not 80%?

none4methx1y ago

You’re both utterly thoughtless since you’d consider withdrawing money rather than taking taking relatively low interest loans out against that equity, leaving the bulk of your millions to appreciate longer

I mean, you’d be terrorizing the economy, but that’s also what you do when you eat food grown and prepared by people with inadequate labor protections, so why not take the red pill and double down on being a true slave-supported neo-Athenian?

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