A Million is Not Enough
I just read an article that says a million is not enough money in England. The article says that you need at least 5.8 million pounds to be part of the “comfortable rich.” Personally I think I would feel pretty comfortable with a mere 5.7 million pounds.
The report goes on to say that winning the lottery still would require careful planning to make it last. I commend the National Lottery for putting out such an article.
Here is the USA a million is worth even less due to years of inflation. With the following dollar in the United States, perhaps a million pounds could be considered enough. So maybe the plan should be to gather a million pounds in England and then move to the United States. While I don’t think it’s part of Plonkee Money’s plan, perhaps it’s something to think about.
[...] There’s also a generous child support included in this - around $70,000 per year. I haven’t raised a child, but I hope it doesn’t cost $70,000 a year. Oh and this does not include nanny and school fees which are in addition to the $70,000. I’m not looking for Ms. Mills and their son to be poor, but I don’t know if they should be given what is extreme wealth. She’ll get 4 times the amount necessary that this article says is wealthy. [...]
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