Quote: (04-12-2018 11:28 PM)Tail Gunner Wrote:
You missed the entire point of my post. First, determine how much it costs to live like a baller in a city with which you are familiar. For example, say it takes $200k to live a baller lifestyle in NYC. Then use one of those cost of living comparison sites to compare the cost of living in NYC to the cost of living in your target city. If the cost of living in the target city is 50% of NYC, then it takes $100k to live like a baller in your target city (as a rough estimate).
IMO, the cost of living in a particular place is just an irrelevant percentage in a "baller" (or better say someone who is very wealthy and prodigal with his money) lifestyle. For example, the cost for a 50K € Loro Piana vicuna and mink coat, of a 120K € Hublot tourbillon watch or of a 20K € diamond ring for one of your favorites (in brief, the kind of things that a "baller" buys -or can afford to buy- on a regular basis) is the same whether you live in NYC or Kiev (in fact this is not entirely true, luxury brands are most often more expensive in EE than in Western Europe/US). Same for vacations -your monthly trip or extended weekend at the Four Seasons Maldives, Mandarin Oriental BKK or Ritz Paris with a chick or two on board will cost you the same. Same for many other things ..... when you're wealthy and prodigal, the fact that you spend for "everyday life" 300K in NYC or 150K in (xxxx) is absolutely no relevant in your yearly budget. Or we don't have the same idea of what a "baller" lifestyle means. Now if we talk of what one needs for just a "comfortable lifestyle" (which is different), of course the cost of living in one place v.s another is important.