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Jan 29, 2025
8:04:47pm
CougieMcCougFace All-American
It’s very dependent on age. Most multimillionaires I know are old.
They built their wealth doing everything they are supposed to do, lived below their means, saved, invested they may have a pension (for current retirees) they may have a paid off house.

If they have $2,000,000 in other assets, utilize the 4% rule and max social security that’s about $140k/year.That’s enough for a great life in retirement. It’s just not boat money.

That’s why they’re finding all these millionaires driving Camrys in the studies. It’s a bunch of old people who have to fund retirement from their assets.

That’s a far cry from someone who still has kids in school and can afford boats. (Lots of the guys with boats are actually broke though)
CougieMcCougFace
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RedlandsCoug
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CougieMcCougFace
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Feb 16, 2025
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Zach Morris #NeverNavy
Jan 29, 7:12pm
Jan 29, 7:23pm

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