QuoteOriginally posted by: farmerQuoteOriginally posted by: prasenjit0211After 500k it becomes a question of intrinsic versus extrinsic motivation as 500k is enough to lead a luxurious lifestyle even in NY.If you are 21 and grew up in a shack, maybe. I wouldn't call it luxury, but suppose you lived in a $10,000 a month apartment. Totally single and no kids. Let's suppose you have $180,000 a year left after rent and tax. $15,000 a month to blow. To live in luxury, you need to have a toy dog. You will need a part-time helper of some kind to walk the dog and pick up after it at 3:00 AM. $20,000 a year there, so down to $160,000. $6,000 a year for grooming and vet bills. $154,000 left. Taking cabs is not luxurious, it is disgusting. I assume parking a car is $1000 a month conveniently for you, so $142,000 left. $1500 in tips to door man and valet, $140,500. If you have one luxury meal a week, that will be another $25,000, $115,500. Luxury cable and Internet, including pay-per-view, will be minimum $250 a month, so down to $112,500. Electric and gas at least that much, so $109,500. Luxury means at the very least one luxury clothing item every two months, $100,500 left. Another 300 good meals at $100, $70,500. Laundry valet $65,500. Body work can cleaning to keep your luxury car shiny in Manhattan streets $60,500. Nice Christmas tree and decorated $59,500. Newest type of television installed $54,500. Four luxury weekend driving trips $50,000. Air travel to one wedding or funeral, $48,000. But one luxury furniture item a year, $43,000. Basic supplies from the pharmacy, $33,000. Occasional books or movies, $32,000. One actual luxury trip, $22,000. Home maintenance $20,500. Lawyer for some small matter, $19,000. Car payments and insurance, -$5000. Opera and crap like that, -$10,000. Political/club/charity participation -$12,000. Random crap -$27,000.So you are already at least $27,000 short to live in luxury, driving yourself, with no girlfriend, children, or savings.How much do you need to be luxurious 1000k.
Last edited by prasenjit0211
on October 10th, 2010, 10:00 pm, edited 1 time in total.