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Seems like there are at least two main topics...

1) The thoughts of those who ALREADY have in excess of a million dollars net worth


2) Those who aspire to be in category 1.

I would venture that those already in category 1, especially those interviewed in Stanley's second book, the ones with typically 10 or more million, have significantly different outlooks on life, and spending habits, that those who are not in this category. For example, with a net worth of over 10million, (plus other income if they are still working), a 'safe' withdrawal rate of assets of 4% would give them over $400,000/yr. Obviously, very few aspiring to reach 1 million in net worth would ever get there, starting from essentially zero, if they spent $400,000 a year to imitate those in this category! (maybe a few medical doctors, a few super athletes and models, a few lawyers - not many!)

Then again, those with just a million net worth (the lurkers on the Retire EArly board?), at a 'safe withdrawal' rate of 4%, are going to living on $40,000/yr(plus any other income). If these are the retired folks, then that leaves those in between, who aren't retired, and who are trying to reach 'millionaire' status plus, to have a nice retirement when they chose to do so. I guess that makes in 3 categories then.

So, is this board the habits of the rich and famous (ie, 1>10M net worth) or those who haven't reached millionaire status, or just barely?

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