Quote: (01-12-2016 10:17 AM)offthereservation Wrote:
Quote: (01-12-2016 02:16 AM)The_CEO Wrote:
Quote: (01-11-2016 08:58 PM)offthereservation Wrote:
false dichotomy
Perhaps the way I posed the question, yes.
For me it's something I'm actively debating.
Let me explain. If the amount of income locks you down its not high income.
Only LOW income locks you down.
Most 7 figure bankers and lawyers are still key employees and need to be available to the higher ups and clients. That typically requires long hours and staying in town. Even if you travel, you have a digital dog collar.
Sometimes the top sales team guy is mobile, but they often hate life on the road.
So if you're making a 7 figure salary, do you get off the treadmill and downsize? I could live on the interest from a 3-4 million, but that's at 1/10th (probably 3/4%) my previous lifestyle and margin of comfort.
Luxury tasted once often becomes a necessity.
And the high dollar business owners typically have employees. Managers that need to be managed...
As the Bard once said, Mo Money, Mo Problems
WIA