this post was submitted on 26 Aug 2024
70 points (96.1% liked)
Asklemmy
44189 readers
1123 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy π
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Nearly 30 years ago, I worked for a tiny li'l anti-virus software company that got acquired by one of the big boys, and everyone's performance-based options they were holding were suddenly worth a lot. Being hungry for career growth at the time, I'd left the company and forfeited those options. Less than 6 months later, they announced the sale of the company.
My options woulda been worth a few million at the time, maybe double that in today's money. Importantly, it would've set me up with a nice house, car, etc, without any debt, in my early 20s.
Not rich, but certainly comfortable.
I'm sorry but how is a couple million "not rich"
In my mind, rich means not having to work again. A couple million doesnβt even get close, sadly.
The word you're looking for is "wealthy."
I'd agree with this guy's definition of rich
What the hell is your lifestyle? The returns on an investment of 2 million dollars is like high 5 figures low 6 figures every year.
Here in Australia, it's costing our family of five about $100k a year to live, excluding our mortgage. 4% return ($80K) is conservatively realistic here (for low risk investment), and still isn't enough.
Like I said, while it would've set me up with a house and no debt, I'd still have to work to pay for the cost of living.
Please give me a couple millions.