Recent content by doctalaughs

Depends on your definition of beat out inflation. Yes my net worth has gone up 30% or more. And yes I “beat” inflation as I don’t care that Costco and gas costs are 30% more than 2019. Maybe that also means I should feel comfortable spending $1500/night now on a hotel I used to spend...

I still don’t think you get my post. An American barely getting by is annoyed at gas and eggs. Maybe eating beans instead. A middle class American is annoyed at gas and eating out at Applebees. A rich American is annoyed their luxury vacations are now twice as expensive. Maybe the...

You missed the point of my post. Obviously I know these are rich people problems. Still doesn’t change the fact that I am annoyed that things I used to do in 2019 are 80% more expensive.

I will point out that inflation for “luxury” goods such as higher end travel is up 70-85% since 2019. My salary certainly isn’t up 80% since then. I could care less about the cost of eggs and milk - but when I used to be able to ski slopeside at a 4 star hotel and now it’s $1500/night, that...

Exactly this - I also know people that were on paper net worth 25M + in 2004/5/6 and literally had to declare bankruptcy, back to zero — and never recovered after that. I doubt that type of housing crash will happen anytime soon - but for those holding 50+% of their net worth in ANY sector...

He can retire right now assuming dad/mom aren’t giving it all to charity. That inherited money if invested correctly could be passively generating 10 anesthesiologist salaries in aggressive savings yearly— all at once.

Yeah that’s reality. One of those properties is probably worth what any of us could earn over a career now, because the truly wealthy (the ones that don’t actually “work” for an income) can buy these things, so the price has become astronomical. That’s how the rich can get richer with ease...

Just for fun I just checked Zillow for 2 bedroom plus condos and apartments within a 3 miles of vail. 2-7 million minimum, not slopeside and not houses (those are all 20 mill+). I agree with your overall point that you don’t need 10 million to retire and it’s plenty of money, which you can...

I’m pretty sure having 10M dollars in net worth doesn’t put you in the “buying ski chalets AND beach front condos while piling on trust funds for the grandkids” crowd…. Sure it’s a lot of money - and yeah you might buy a small 2 BR ski condo 3 miles from a ski area as your “vacation home” and...