Mom's basement. WoW. Mountain Dew to the moon.

good analysis.

some people might play poker, shoot pool (billiards), sports etc at a friends place and split the tab on a 6 or 12 pack of beer/wine bottle. Some days drink water or tea or whatever instead. And only a couple times a week go 'out' w friends. The main issue with this working is living within ones means and budgeting and hopefully saving some every month.

So bottom line the lifestyle would be frugal but possible for someone who can learn how to budget and price shop and can pick up sports hobbies/low cost hobbies like tennis which is fairly low cost. My uncle played tennis into his late 60s.

I almost had to switch because I think the risk of going into debt if a chronic illnesss or major health problem came about would not make it work but again even with that it is possible if enough can still be saved monthly. it's all about living within the budget and moving to a cheaper city if need be to accomplish it. I think 1.5 mil ish would be more preferable though...

My veganism has nothing to do with health.

Other than being deleterious. Sure.

Yuk Yuks on Tuesday night is two shows for $3 and it is awesome. When i go I will spend $3 admission, maybe $12 on drinks ( with tip), and $8 bucks from food around the corner. That is $23. Since im a student I can get a deal to go on Fridays when the headliners perform for $7 for 2 people so it would be the same price.

Yesterday i went out to Failte's and I bought 3 drinks for $21 with tip. One of my friends ended up spending $40 but that's because he likes to drink.

Thread over

No, but things cost different amounts based on location.

3 beers for $20? Either you're drinking some expensive import or your beers are just plain expensive.

I drink beer very rarely but yeah that is the price of beer here. Typically a pint is $6 for domestic and and $6.50-7.50 for import at a normal average pub. Nicer places add a dollar or two and there are a few dive places where you can get pints for $3.50-4.25. When you factor in tip you are likely over $20 for three at a normal place.

Couple of mentions ITT of tipping when buying drinks. Don't want to derail but it doesn't quite seem to warrant its own thread -- is this standard in all drinking establishments in North America? Like if you went down to your local bar which doesn't have a dress code or a door charge or anything like that, do the majority of people tip when buying drinks? Would it be positively frowned on if you didn't?

I ask because I am in the UK and I have never tipped when buying a drink, nor have I ever seen anyone I know or even other people I don't know tip in this situation. Obv it is different with a meal and possibly in expensive clubs in London which I have not ever visited.

Yes obv. Not tipping is a quick way to limit yourself to one drink for the night.

Ha ha, yeah im from the UK as well. Ive read this whole thread and if I was on a tight budget there is no chance of any 'tips' from me.

It's one aspect of American life that has always somewhat intrigued me.

too bad that you have to withdraw more every year because of inflation.
ie 30000*1.02^y

i did a calc of this before. in swedish though:

basically, 5% interest 2% inflation
$1M -> $20k/year and die broke in 66 years.

I spent some time in London and I tipped. It wasn't until 2P2 that I learned tipping is not common in Europe and I have a vacation home there. No one ever said anything and my French cousins all tip. What I did notice though is that drinks in London were twice as much as they are in Canada. My understanding is that bar staff get paid better so tipping is not required but at the same everything costs more because of it. I also found the service at restaurants was often horrible and that is likely because they have no incentive to be attentive. In North America serving staff have a different minimum wage than other occupations and in some cases they don't even get paid an hourly wage. They basically make almost nothing so if they don't get tipped it is a big deal.

It is reasonably common to tip in restaurants, that and taxi cabs are the only ones I can think of. A good proportion still dont though. But of course it is now more common to get 10% service charge added to the bill, maybe because Brits are tight! Nobody tips in bars, casinos etc In fact I think until recently it was illegal for casino staff to accept tips.

Drinks in London clubs can cost silly money. Outside of London, a pint in a nice bar would be £2.50-£3.

Oh and waiters/barman are probably on about £6 an hour outside of London. Casino staff nearer £10.

The only way this would work here with what some people are argueing is if your a stoner who's dream is to sit home all day playing video games, has no interest in women and just wants to have his buddies over to smoke and play video games. I'm not even sure you could budget enough for weed though with this.
To me the larger point though is what is the point of being a millionaire on a shoe string budget? I'm quite frugal and even I would not consider that actual financial freedom.
"hey baby, yea I'm a millionaire but no we can't go to Applebee's tonight...that exeeds my daily entertainment budget."

No, you take 3% of the portfolio, no matter what. So if it grows steadily for 10 years, then goes down 40% like in 2008, your spending (on non-essentials, like entertainment) goes down.

It's amazing that the only free entertainment you can think of is video games.

This is possible for someone who has more imagination than you, I guess.

What is "free" entertainment? Things like TV, books, etc all cost money. There are some things that I like... The feel of new books, not worrying about library issues, never going to a public library, being indifferent to whether they're using the Library of Congress system or Dewey Decimal... etc etc

Even something like learning a language costs money.

I use the library. If you don't like it whatever, but it's free. I don't have a TV. I made a whole list of free or nearly free activities earlier in this thread.

Learning a language is $6 for a foreign newspaper, $9 for a foreign language-native language dictionary, and $0 for radio (listen at the computers at your (gasp) PUBLIC LIBRARY). learn every single word in the newspaper and google all the words that you don't understand on the radio.

Obviously it varies by municipality but the public library system here is a joke. Unless you are ok with reading stuff years after everyone else you need to buy books.

This is an extremely naive view of how to learn a language. I doubt you'd be comprehensible if you mastered your approach. Could you tell me where you'd go to find an extensive list of foreign language newspapers, or how you'd locate radio and/or learn to spell the words you don't understand?

Foreign newspapers are easy to find. Almost every city has 2-3 places that sell every newspaper but they are expensive and would blow the daily budget.

This is like suggesting you buy Rosetta Stone to learn a language. It is, again, an extremely narrow minded view at languages.

Oh I don't think you can learn a language that way but it just shows the folly of the reasoning because even if it was effective it would still cost more than someone could afford.