Omar Zenhom says most people overestimate what their dream life costs. Sit down for an hour, list every asset and experience you want, do the math. Most discover the real number is around $300,000 to $400,000 a year, not a million.
A lot of people don't realize $1 million is a lot of money, especially if you're trying to spend it in a year. Some people never actually sit down and do the math and calculate their dream life. I really highly recommend you do this exercise where you just sit down and you write down everything you want, whether it's like 2 homes and all the cars and the investments and the vacations, and you write everything down. And it's actually quite hard to do because you never actually had to dream like that. In one sitting, but do it right. It's going to take you about an hour or so and then run the numbers, calculate roughly how much is this going to cost you? And a lot of people are surprised. It's not even close to $1 million. A lot of people, it's like closer to like $300,000, $400,000.
