Comment by JumpCrisscross
6 hours ago
> wish I had fuck-you money and could spend my day engrossed in whatever I find interesting
A good mental exercise is to calculate how much you'd need to survive indefinitely in a pocket of rural America or the third world. No international travel. No bells and whistles. Limited cuisine. But survival and leisure unlimited.
When I've run the numbers for a comforable living, they've come to $300k (Vietnam, $12k/y) to $500k (West Virginia or Portugal $18k/y). But one could halve (or more) those figures by accepting standards of living our grandparents would have found adequate.
Then you make a choice. That world. Or the one you have. (Or something in between.)
Two-fifths of American households have a net worth over $300,000; more than half over $150,000 [1]. That means somewhere between a lot of and potentially most Americans have, on a global scale, fuck-you money. Just not fuck-you money to retain their status at the centre of the first world.
Coll idea. One thing: This numbers exclude healthcare costs as you get older this gets more expensive.
For countries with free healthcare, it is usually limited to people working there or citizens and ( in the German case ) recognised refugees.
> One thing: This numbers exclude healthcare costs as you get older this gets more expensive
For the U.S., yes, I'm assuming Medicare/Medicaid. For overseas: Vietnam and Portugal have affordable systems you can pay into, with private insurance options above that at $1,200 and $5,000 a year.
My health insurance (self employed, high CoL area USA, healthy/not old) is 6k$/yr. Kind of blows up that $18k/yr idea. I don't think it gets that much better if you live in a low CoL area.
For Portugal the "free" healthcare is extremely generous to anyone staying there, regardless if citizens or not. It does lose money, but then again Germany always pays the bill.
American software engineers maybe. But I heard somewhere that most Americans live paycheck to paycheck or at most have a few thousand dollars in savings.
> I heard somewhere that most Americans live paycheck to paycheck or at most have a few thousand dollars in savings
Wealth versus liquidity. I'm saying you sell everything you own, pay off your debts, and then take what's left to retire on. Someone with $10mm in home equity may still be strapped for cash on account of the mortgage.
WV is probably heavily underrated. Such a beautiful part of the US.