But if you already have enough to never need to work again, you should be fine in almost any liberal and politically stable country, and there's something to be said about moving to a lower CoL place where you can afford a nicer home, etc.
You can become financially independent in most parts of the US. You definitely do not need $10M. $1.5M is enough. If you want a lavish lifestyle or you want to have complete control over where you live, of course that will require more, but financial independence means only that you have enough to cover the bills and live a modest but comfortable lifestyle.
From here we can then move to a lower CoL place or stay put, whatever makes sense for our families.
There’s no way you’re really this dumb.
It’s much easier to afford good schools, safe neighborhood, luxuries and travel in most of Western Europe than it is in the US. Because the first two are basically free, travel is cheap, so you have plenty left over for luxuries (unless you want like race cars or something)
Americans have worse health outcomes (including lifespan), travel far less and have less time off, and retire later. That said, you do get much more space, nicer housing stock, (arguably) better access to education, and generally more 'stuff', so it's a tradeoff.
It's a hard life in Europe. My friend owns 11 bars that are packed 24/7 on a Mediterranean shoreline. He is what anyone would call successful. But he lives in a little apartment and drives a beat up old Mercedes, not because he's modest but because that's what "rich" looks like in Europe. If you ask him, he'll tell you that taxes ensure that you can never be rich in Europe.
My friend in middle America owns one bar, multiple houses, multiple cars, kids in private school. And what's mind blowing is that no one in America would consider him "rich." That's just middle class America.
I'd love to visit wherever you're going to point to as a counter example. Let me know where I'm headed this summer.
Btw I checked about health outcomes. It's actually only true if you look at America as an average. Middle America has much better health outcomes. Look at Utah for example. Again, point was that middle America isn't like the coasts.
Compared to where? What is that based on? The strong public sentiment, determining elections, is that the US is unaffordable. People work multiple jobs and can't afford health care, housing, education, or even food.
But you can look at random places like Tel Aviv, or London, or Milan. CoL is high in big cities around the world.
How about South Dakota vs the UK.
>The strong public sentiment
That's everywhere in the world. Of course, politicians are catering to what everyone complains about. But objectively, healthcare is better than it ever has been in the history of the world in every country in the world, including the US.
Right?
So you're right, it determines elections. But it shouldn't. That's really what I'm trying to say.
In fact, I pay their private health care costs myself because I don't want to wait a year for them to get shoulder surgery in the "free" health care system that's clearly not free.
If you value a big house and are content to drive for all your errands most of the US is set up for that.
In Russia $1M gives you financial independence for life
A great war means both our countries will be thoroughly nuked.
