Posted on 02/17/2024 10:36:10 AM PST by grundle
The doofus needs to home school his kids for starters.
He’ll figure out something and write a book about it.
It looks like the Financial Samauri is trying to ‘join honorable ancestors’ with such spending.
Does this thread come with tissues?
“analyst”
three letters too many
He can vacation at home.
And his children can attend the free and wonderful public schools of the city.
I wish I had $150,000…..I would talk to a good financial advisor and invest the lion’s share.
Some analyst. And he has a stupid and extremely inflated idea of what living comfortably means.
With that level of passive income he and his family could live quite well almost everywhere.
“ But by selling his stocks and bonds, he lost about $150,000 a year in passive income. ”
Duuuddde.
You are a financial samurai and you didn’t know this basic info??!!
Save your money—collect your 5% interest and skip paying the financial advisor. They will rip you off on fees.
For future reference:
https://www.bogleheads.org/wiki/How_much_do_you_lose_to_annual_fees_after_many_years%3F
I don’t know why posters are giving this guy grief. He’s right, that only the super-elite will be able to aspire to the quality of life upper-middle class families have enjoyed for several generations. And it’s all due to the inflation of fixed costs created by government policies.
Jackass...
“Another, who says THEY’RE a 60-year-old teacher nearing retirement, wrote about the importance of living conservatively and avoiding greed...”
You’d think the media could demand at least SECOND GRADE level knowledge of pronouns.
Weird.
He bought a house and still has such housing costs?
I guess he bought something silly. His housing costs imply a $3 million house, and he’s getting dinged for property tax.
We were living high on the hog in San Francisco while putting the kids through UC, AND creating a retirement nest egg.
Suggestions for the silly fellow - parochial schools. Cheaper house. Leave California.
Probably property tax on a $3 million+ house. Add insurance and maintenance.
“due to my inability to beat back real estate FOMO (fear of missing out)” = GREED!
good ‘ol fashioned GREED did this guy in (and his family)
ya gotta know when to hold ‘em and when to fold ‘em ...
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