Posts tagged bankrupt
Enough, and Its Relation to Happiness

Make $1,000,000/yr, and live with a lifestyle cost of $950,000/yr? A 5% savings ratio. You will have to work 66 years till your investments will support your lifestyle.

Make $40,000/yr with a lifestyle cost of $15,000/yr? A 65% savings ratio. You only have 10 years of work ahead of you till you're financially free.

And yes, that $1,000,000/yr and 5% savings ratio situation? It actually happens. Mike Tyson had $400 million and went bankrupt, and so have other rich and famous people.

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