neidu3@sh.itjust.works to Ask Lemmy@lemmy.worldEnglish · edit-216 hours agoWhat's your definition of a wealthy person? Sure, Bezos is rich, but where do you put the threshold?message-square89fedilinkarrow-up159file-text
arrow-up159message-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-216 hours agomessage-square89fedilinkfile-text
minus-squareComradeMiao@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·15 hours 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-squarebluGill@fedia.iolinkfedilinkarrow-up2·14 hours 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.