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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
Uma Venugopal
You can if you know how to make that money grow.
emmanuel Onuoha
@uma_venugopal yeah but you don’t have to work again.
Uma Venugopal
@emmanuelonuoha not exactly. If you know how to build a custom financial pipeline to put the money into it and make it grow, you can continue to work but the definition of that work will change. Maybe before you were working for a paycheck but now you have the financial freedom and you can work on projects close to your heart without the end result being monetary.
emmanuel Onuoha
@uma_venugopal this makes sense. And I agree with you now
Apostolos Toptsis
No you can’t. Making your money grow isn’t retiring you still have to put effort to invest it
emmanuel Onuoha
@apostolos_toptsis well you just don’t have to work again
Apostolos Toptsis
@emmanuelonuoha in todays economy a $1 million isn’t going to put you in a position of never needing to work again unfortunately
emmanuel Onuoha
@apostolos_toptsis I agree with that depending on the nation you are in
Not living in Singapore! No!
emmanuel Onuoha
@maxwellcdavis is it that expensive?
@emmanuelonuoha Usually in the top 3 of most expensive cities 😀
emmanuel Onuoha
@maxwellcdavis haha I believe
Aditya Narayan Rai
Not sure. Depending upon your life style you might or might not. But If you can make some really awesome investments you might. But its a bit of luck TBH
emmanuel Onuoha
@adityarai depending on the country too
Bobby Fisher
Depends on many factors such as location, lifestyle, family situation... In most cases, probably no, unless you can make some good investments with high compound interest...
emmanuel Onuoha
@create_snappy I totally agree with you
Anna Shults
No, it's boring not to work.
emmanuel Onuoha
@anna_shults a lot of people feel that way
Maria Loleyt
Absolutely no! I target to have much more to invest further in impact-driven projects, especially in the field of cultural heritage preservation.
emmanuel Onuoha
@maria_loleyt not a bad plan either
Abhinay kumar
Depends on the country that you are living in. In US, maybe No. But in India, definitely yes.
emmanuel Onuoha
@abhinay_kumar8 definitely not in the US
Abhinay kumar
@emmanuelonuoha we have launched our product today and would appreciate you trying it out and sharing your reviews if not done already. We are currently #1 on product page (SayData)
emmanuel Onuoha
@abhinay_kumar8 already done
Sakshi Gahlawat
NO. Also, whether $1 million is enough for retirement depends on factors like your lifestyle, expenses, investment strategy, and inflation.
emmanuel Onuoha
@sakshi_gahlawat Totally agree with your comment.
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