Andre1969
Thinks s/he gets paid by the post
I watched the video this morning, but was multi-tasking, so I might have missed a few things. They were talking an awful lot about real estate holdings and such...so was that ~$2M in total net worth (including real estate), or just in investable assets?
Anyway, according to this: Net Worth by Age Percentile Rank Calculator [USA] - Shnugi , a net worth of $2M puts you in the top 5% for the 18-100 age group, which is pretty broad reaching. Narrowing it down to the 60-70 bracket, it still puts you in the top 10%.
So, while $2M might not buy what it used to, if you've reached that level, you're still doing pretty well for yourself, and are far, far ahead of most people in this country. And yet, I'm sure many people buy far more expensive motorhomes, with much less of a net worth.
Like someone else said, if they were in their 30's, it might be a somewhat risky move, but probably still doable. But, in their mid-60's, go for it!
Anyway, according to this: Net Worth by Age Percentile Rank Calculator [USA] - Shnugi , a net worth of $2M puts you in the top 5% for the 18-100 age group, which is pretty broad reaching. Narrowing it down to the 60-70 bracket, it still puts you in the top 10%.
So, while $2M might not buy what it used to, if you've reached that level, you're still doing pretty well for yourself, and are far, far ahead of most people in this country. And yet, I'm sure many people buy far more expensive motorhomes, with much less of a net worth.
Like someone else said, if they were in their 30's, it might be a somewhat risky move, but probably still doable. But, in their mid-60's, go for it!