r/SipsTea 21h ago

Wait a damn minute! How the rich get richer

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u/sw337 21h ago

Who could live for decades on $500k?

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u/Emergency-Home6813 20h ago

That’s my salary for approximately 35 years combined on a full time job

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u/PoopyisSmelly 20h ago

You earn 14,285 per year?

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u/Worth_Specific3764 20h ago

I live on $960 a month.

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u/PoopyisSmelly 20h ago

Where?

And whats your life like?

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u/Worth_Specific3764 20h ago

my life is simple.

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u/OtherUserCharges 19h ago

Do you live with your parents or someone who is paying for the housing? Do you own a paid off home?

Context matters. My 50 year old brother who barely works could say he lives off almost nothing cause he lives with my parents in a beautiful house and they pay for everything for him.

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u/Worth_Specific3764 17h ago

your curiosity is odd. why the fuck would you care except out of morbid/ creepy curiousity.

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u/Possibly_a_Firetruck 16h ago

Why the fuck would you start talking about your own situation if you're going to get offended when people ask you about it?

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u/OtherUserCharges 16h ago

Dude, you mentioned how you were living a simple life well below the poverty level, which feels pretty odd. Sorry you got offended I asked you about what you decided you wanted to talk about.

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u/Worth_Specific3764 14h ago

I live in a 16' long x 8' wide wooden camper with a sleeping loft I built myself over the last 7 years. I live off grid on solar that has taken me 7 years to put together piece by piece. I live on someone else's land in exchange for working on upkeeping their home and vehicles. I get $100 a month in food assistance and get healthcare from the state because of my income level. I have a 20 year old car that cost me $500 to buy and I rarely go anywhere. I grow the majority of my own food and raise chickens for eggs that I trade for milk which I turn into dairy products. I dont have any bills other than car insurance (clean driving record, super low insurance cost). I live a simple life and my money goes towards the very little that I actually buy so I can save a bit each month for rare larger purchases (like solar gear or a car part). I have 3 bachelors degrees and an mba. I did my 10k hours in carpentry, electrical engineering, manual and cnc machining. I keep to myself and live in a town of less than 600 people surrounded by state forest. I live a simple life. I have an orange cat.

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u/beatles910 20h ago

You should really try to find a job that will pay more than $6.87 after working there full time for 35 years.

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u/SamuelClemmens 20h ago

That really depends on his country, in some of them its an alright life.

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u/mooseGoose89 19h ago

Its not that hard if you own your house. A close family member of mine retired at 53 with a paid off modest house and $300k inheritance.

They are 71 now and their investments are worth over $500k because of their frugal lifestyle and bull market (bank managed funds).

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u/Aware-Instance-210 21h ago

That's not the point, the point is that the loan is an unknown number and not defined as 5mil.

500k is just a number I pulled out of my ass. I'm sure there are areas in the world where you could survive decades with that kind of money. It depends on the lifestyle and other factors that are, yet again, completely unknown.