I saw a Reddit post the other day that concerned me.
Thousands of users voted on how much they thought they needed to retire, and out of a category pool of 1M, 10M, 50M, and 100M, the majority selected 50 million dollars.
50 million dollars to retire comfortably.
The writer defined “retire” as “you never have to work a single day in your foreseeable life. You can, but you never have to. It’s more freedom to do whatever, whenever.”
People in the comments gave examples that emphasized the ever growing problem of inflation, and told tales of witnessing firsthand friends and loved ones setting aside 10M and it not being enough for their family’s expenses.
Life is expensive, and prices are on the rise. Hell, who knows what 1 million dollars will be worth in 50 years?
Of course, they say the first million dollars is the hardest to achieve, and after this one becomes less risk averse and is able to invest in stocks with much higher payouts.
But 50 MILLION DOLLARS?
How does one even achieve the gross sum of 50 million dollars? Is it even realistic?
Don’t worry. I did the research for us. Here are realistic ways of achieving the earning of 50 million U.S. dollars.
Sell 50 million things for $1 each.
Marry someone who has a $100 million. Then divorce them.
Start a company worth 50 million dollars then sell it.
Get a job that pays six figures and invest ~50k into the stock market every year for 50 years.
Make an AI chat bot that is more human-like than any other AI and sell the algorithm to Amazon.
Become a world class athlete.
Become a world-renowned entertainer.
Be born into a royal family that provides a large inheritance.
bonus Ask yourself what you need $50 million dollars for. Reconsider your life goals. If your life goals are health, contentment, and loving relationships, and you have those things, maybe you’re fine. Of course having money helps a bit, but is not a prerequisite to happiness.