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hguhghuff

Put in in a range of safe investments and live a quiet life.

You’re not rich, your very well off, it’ll last till your death in great comfort if you are careful.

Don’t start giving it away or spending it.

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>You’re not rich, your very well off,

His 4% safe withdrawal rate is 10x my gross salary... to many of us he is in fact now quite rich.

I need 650-700k to retire,OP never ever ever ever ever ever has to work again.

#1 pet peeve of people with large personal wealth is their aversion to being called "rich". You're rich, embrace it, own it, even if you didn't earn it.

I was once hired to build a website that catered to people that I would call "rich". I remember the horror on their faces when I casually asked "do rich people do X?"

Having $8M isn't rich to you? That's a lot of money, you probably should give at least some of it away to charity.

It's "rich" in the sense that if you're smart and a bit frugal about it you'll never have to work again. It's not "rich" in the sense of never having to worry about money again. Really rich people will spend $8M adding a new garage to their summer house.

>It's "rich" in the sense that if you're smart and a bit frugal about it you'll never have to work again

If does nothing but spend money he can spend $150k every year until he dies. Not exactly frugal.

150k$ a year is rich in Vietnam maybe, but if you plan to stay in the west, you'd be upper middle class at most

$150k net for 50+ years is upper middle class at most in America? Jeez some people are in a bubble.

Reminder this is assuming he completely stops working and does basically nothing with the money except match inflation.

According to this : https://www.thebalance.com/definition-of-middle-class-income... 150k is just the limit between upper middle class and high income, and most politicians use 200ke as the definition of high income.

You might have a different definition of upper middle class, but mine has following

That's pre-tax.

I think it was the founder of Maxim (don't remember his name, and can't point you to a link) who categorized various levels of "rich". Below $20 million (assets, not income) he classified as "the well-to-do poor". Yeah, maybe his perspective is skewed. Still, there are people who seriously suggest that $8 million doesn't make you "rich".

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