> it can reflect a level of anxiety about the cost of living
I think a lot of people (especially young) just haven't done the actual math. Or have lifestyle desires beyond basic not-working.
You can FIRE living in SF for $4M. This gives you $160,000/year basically in perpetuity. If you do it right, there's little to no income tax on that money so 160k should be plenty enough for a 1-person income. 4-person families survive (in SF) on less household income than that.
But yeah a 4M exit is definitely not classic ferrari or even flashy lambo levels of wealth.
> it can reflect a level of anxiety about the cost of living
I think a lot of people (especially young) just haven't done the actual math. Or have lifestyle desires beyond basic not-working.
You can FIRE living in SF for $4M. This gives you $160,000/year basically in perpetuity. If you do it right, there's little to no income tax on that money so 160k should be plenty enough for a 1-person income. 4-person families survive (in SF) on less household income than that.
But yeah a 4M exit is definitely not classic ferrari or even flashy lambo levels of wealth.