emmanuel Onuoha

Could you retire on $1 Million?

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Rok Bozic
If you get 3%-5% anually on that 1 million you could actually live okay-ish in most of the world. But, this is not counting housing. Even in Slovenia, a small country in Europe where I live $1m won't get you much unless you want to live in some village. Bottom line, yes but I would rather keep working till $5m+ then I can think about retiring, if I want to do it or not.
emmanuel Onuoha
@bzcrk I get that
Kevin Li
Of course not.. Only if I can buy an AI to make money for me with $1 million.
emmanuel Onuoha
@lidongsjtu easily doable
Cillian Burns
100% - One nice house with some land in the countryside anywhere in Europe to live in (500k) 2 small flats in mid-sized cities in Europe - live off the rent
emmanuel Onuoha
@cillian_burns totally agreed
Cillian Burns
@emmanuelonuoha it's all down to plan & location. A Milli is also easily squandered in a few years if you live recklessly in any major city. Could probs squander it in 2 years in NY haha
Alec Nguyen
depending on where you are
emmanuel Onuoha
Tatiana Tompkins
I would say yes as long as I made the right moves with it!
emmanuel Onuoha
Simon Peter Damian
Absolutely. Giving it's $1m without tax, that's lot.
emmanuel Onuoha
@theterminalguy that’s what I am saying. It’s a whole lot
Nope, I've got two kids to put through university and help buy their first home *nervous laugh*
emmanuel Onuoha
@privy_reviews it’ll all pan out. Wishing you all the best
Christopher Nguyen
I thought I could but $1M is too little now, giving all the inflation is happening everywhere 😅
emmanuel Onuoha
@semigrownkid 😁 it’s still a lot of money in a couple of countries
Christopher Nguyen
@emmanuelonuoha You are right! Could I ask a small favour? My product, the Junior Design Bundle, is officially launched! Your support would mean the world to me! 🙏🥺 Thanks in advance!
emmanuel Onuoha
@semigrownkid no worries Christopher I’ll upvote 🤝
Christopher Nguyen
@emmanuelonuoha Thanks a lot Emmanuel 🙏
Lukas
When living rural and on low cost, than yes.
emmanuel Onuoha
@lukas_nedo I agree too
I won't. While monetary benefits are just one way of seeing work, I just love working. And I don't think I'll be happy without doing what I love. So retirement isn't my cup of coffee. :)
emmanuel Onuoha
@senthil99nathan interesting take