Why Surviving the Future Costs $10 Million
Download MP3🔍 In this episode, we break down what it really takes to live a financially stable, upper-middle-class life. Is $10 million an exaggeration—or is it your real target? Let's do the math together.
🧮 Key Highlights:
- đź’° Why $10 Million?
- Exploring the logic behind aiming for a $10M lifetime income.
- Tax breakdown: 25–30% tax leaves you with about $7.2M.
- 📆 How Long Will $7.2 Million Last?
- Spreading it over 40 years = $180,000 per year.
- Monthly budget: $15,000.
- 🏠Living Expenses Breakdown:
- Mortgage on a $650K home: $5,500/month.
- Car payments: ~$1,000/month.
- Utilities, internet, HOA: ~$1,100/month.
- Food for a family of 4: ~$800/month.
- Insurance (health, auto, home): ~$1,400/month.
- Dining out: ~$900/month.
- Gifts and holidays: ~$400/month.
- Vacations (2x/year): ~$500/month.
- Retirement/savings/college fund: ~$800/month.
- Home maintenance and furniture: ~$700/month.
- đź‘— Other Lifestyle Costs:
- Clothing, school activities, property taxes, social obligations (birthdays, events).
- Many hidden or irregular expenses not even covered.
- 📉 Reality Check:
- After all expenses, you’re left with $1,000–$2,000/month.
- Inflation will shrink that further in the future.
đź’ˇ Final Thoughts:
- $10M may seem massive, but it’s a realistic target over 40 years for a comfortable, not extravagant life.
- Options to get there: increase income, build a business, invest smart, start early.
- Is this too much? Too little? Let's discuss. Share your thoughts!
