If you haven't yet, I'd recommend to check out the FIRE movement (Financial Independence, Retire Early). You probably need much less than 8-10 million to exist and pursue your interests indefinitely. I'd recommend the blog by Mr. Money Mustache as a good entry-point.
Re:Millennials who buy less are happier
by agentwiggles on Thursday February 16, 2023 @01:25PM
(#34823152)
Yeah, I'm a fan of the ethos, although pretty far behind on the implementation.
One article I really like from that blog is this one: https://www.mrmoneymustache.com/2015/08/19/urban-tribe/
It's more than a little bit counter to the idea of "fucking off from society to the woods", though. Still, a man can dream of total independence :)
Re:Millennials who buy less are happier
by agentwiggles on Thursday February 16, 2023 @04:29PM
(#34826571)
Also, re: the amount of money - you're absolutely right. 5m at the 4% safe withdrawal rate is 200k a year which would be way more than enough. I'll start the bidding at 2.5m for those aformementioned tech billionaires (what a steal! this deal won't last! act fast!)
Re:Millennials who buy less are happier
by wing-_-nuts on Thursday February 16, 2023 @03:40PM
(#34825702)
If I won powerball lotto money, I'd want a big plot of old growth timber with a decent sized creek running through it. I'd build a small cabin, run fiber internet to it, and I'd be good.
I'd bet that combination is rare. Especially old growth forest with fiber internet access, but with powerball money I'd bet I could find something.
In short, what I want out of life is largely not material things, but just a nice place to exist and pursue my interests.
I realize, of course, that nothing about this is particularly radical, I don't expect this comment to blow anyone's mind. By my estimate a cool 8-10 million would be more than sufficient for me to have basically everything I ever wanted - i.e. buy the aforementioned nice home and then live comfortably off the returns for the rest of my days.
If any recently minted tech billionaires reading this would like to donate to the cause of me fucking off from society to the woods, feel free to shoot me an email ;)