How Much Do You Need to Be Rich?


Father, techie, and money geek. Sometimes I write about personal finance.

6 Responses

  1. June 13, 2023

    […] key to being rich for most people is to be old. Whether you define being rich as $2.6M or $100M, most people reach their target as a result of compounding over long periods of time. That’s bad […]

  2. June 20, 2023

    […] I think it takes about $5M to be rich in most parts of the US. As you get closer and closer to that target, you experience more and more freedom and security. Freedom and security on their own won’t make you happy, but they make it a lot easier to achieve happiness. To be concrete, it’s hard to be happy if you’re terrified about an upcoming car payment. It’s comparatively easy to be happy if you can easily afford to buy a sports car you like.  […]

  3. June 27, 2023

    […] think you need around $5M in net worth to start feeling rich in the US. In high cost of living areas like San Francisco, that’s the bare […]

  4. July 18, 2023

    […] income taxes are high, a 529 plan could save you a boatload of money. You don’t even need to be rich to benefit, which is always […]

  5. September 5, 2023

    […] think it’s also worth noting that if you want to be rich, social security payments will be rounding error in your calculations. If you want to be rich and […]

  6. November 7, 2023

    […] emergency fund parked in a more advantageous account will double your emergency fund. That won’t make you rich, but it’s a very low effort […]

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