Originally Posted by -p.tiddy-
After that it can buy you retirement aka freedom from work if you wish. The saftey net of knowing you don't have to work if don't want to.
I've heard the 70k thing as well but I find it hard to believe there isnt another level after that consisting of those who are set up for life.
I agree for the most part. There are always exceptions. I have a few trust fund friends that have never had to worry about money their entire lives and they aren't happy at all. Also people who are obsessed with money to the point that all other things in life come second are often unhappy and unfulfilled.