Submitted by Coronazonewearmask t3_10nwqds in Showerthoughts
BushyOreo t1_j6f2ywv wrote
Reply to comment by Wildjay7931 in One day, being a millionaire is not going to be considered rich. by Coronazonewearmask
Spending 60k/year is a lot. That's roughly 85k/year before tax job. The median income in america is 42k before tax so half that.
A million at 5% interest rate is 50k/year. You can earn more interest off of just 1 million than the average American makes working full time year round
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