These rich financial advisors are out of touch with how normal people live.
Suze Orman thinks you need 20 million dollars to retire! Sure Suze.
Grant is also out of touch, unless you’re single and can live in a van, you have to have somewhere. You may need to move to a more affordable place to buy a home. (After saving rent by living in your van for 5 years...)
it was 10 million and she said that in reference to “retiring early” not just normal retirement.
So... yeah.. if you are 30 something and have a couple of million that is NOT going to be enough to last you the rest of your life without working or investment income.
You could easily live another 60 years ... every 20 your money is worth half of what it was. So if you have 20 million at 30... that is only worth 1 million at 60 and 500 thousand at 80 etc.
He point was to find a way to make money that you LOVE and do it as long as you possibly can, because unexpected things happen and that isn’t going to be enough to last you forever IF you are retiring early. If you are 70 now.. yeah 2 million is enough.