Members banned from this thread: moon, domer76, Nomad, floridafan, katzgar, Bourbon, Guno צְבִי, Trumpet and Concart |
Maybe folks should be asking that question.
https://www.wealthypersons.com/ilhan...rth-2020-2021/
Sounds legit. So there is no evidence of any ill gotten gains. Thanks Plus 2.5 million isn't rich. It's basically comfortable upper middle class.
You certainly still have to work. You can't just follow your money for a living with that. To me, that defines rich, when your assets are sufficient
to place the liquid in bonds and never have to work. What would a rich disposable income be, maybe 30K per month? You can prob do next to nothing
just investing and get ave 5% money. So the math is simple. 2.5 million in a stock index that yeilds year over year 5% will only get you $10K per month gross.
You need about min 10 million invested to quit your job to just "be rich" under my 5% year over year safe investment assumption.
Last edited by Micawber; 07-10-2020 at 05:21 PM.
Yeah,.... all sounds legit to me!
If it was Trump, they'd think he's a stable genius.
Bookmarks