How Much Money is Enough... What's your Number?
keanemachine: A great resource for working out the (monthly) income to do what you want with your life is at Tim Ferriss' blog (author of the Four Hour Work Week).http://www.fourhourworkweek.com/blog/lifestyle-costing/I've read the book and I dont't agree with everything he says, but I found this particular part really interesting. Tim advocates writing down all the things you want to do (cars, holidays, house(s), travel, etc),working out how much all these will cost per month; then mulltiplying that figure by 1.3 to give yourself a nice 'cushion'. According to him, there's no point in 'a million' or 'two million' or any other arbitary figure in the bank, most people don't actually want to be millionaires per se, it's the 5-star lifestyle that is attractive to them.The monthly expense calculator is at:http://www.fourhourworkweek.com/blog/expense-calculator/Obviously you need to work out what you want from your life fist, more info on that if you read the first link. Hopefully this will help you make a more informaed decision.p.s. I'm not affiliated to Mr. Ferriss in any way, I've just finished his book and there's some great advice in there, you may wish to consider getting a copy.