@rabidtalker
15 Years5,000+ Posts
Once you hit the 1-2 million dollar mark, the amount your money grows would be difficult to spend unless you have a terrible case if life style creep. Average growth rate of a diversified portfolio is 5-8% per year. 2 million dollars would give anyone a passive income of 100-160k. A person who has saved that much tend to be good with money and can easily live on that.
Aww, that was sweet of him, although I bet his brothers are upset lol.
I guess he WAS living his life.
I think many of us are just paranoid of being poor or in financial situations where we have to ask for help. It's not necessarily about living some fancy life or "enjoying" money, because everything gets old and boring, and once you've done and seen it all you are broke, which then becomes depressing lol.
It seems he was doing what little he loved.
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http://www.npr.org/sections/thetwo-way/2016/09/15/494134464/-1-million-of-frugal-librarians-bequest-to-n-h-school-goes-to-football-scoreboar
then the school spends $ 1million of it on a scoreboard!
Moral of the story is to enjoy your money and life?