In this episode of Uncommon Sense, Arya and Anuj discuss the topic of retirement and how much money is needed to retire rich. They explore the definition of being rich in retirement and the importance of financial independence and the ability to spend time as desired. They also discuss the concept of living a luxurious lifestyle and the varying levels of luxury that individuals may desire. The conversation covers various expenses such as housing, cars, insurance, and other miscellaneous costs. They also consider additional expenses such as home maintenance, shopping, and school-related costs for children. They talk through the monthly budget needed to live a luxurious lifestyle in a prime city like Los Angeles. They also discuss the choice of where to live and the importance of prioritizing personal happiness over financial optimization.
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