neidu3@sh.itjust.works to Ask Lemmy@lemmy.worldEnglish · edit-23 days agoWhat's your definition of a wealthy person? Sure, Bezos is rich, but where do you put the threshold?message-squaremessage-square112fedilinkarrow-up188arrow-down13file-text
arrow-up185arrow-down1message-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-23 days agomessage-square112fedilinkfile-text
minus-squareComradeMiao@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·2 days 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-up2·2 days 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.