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TopicHow much money would it take for you to never work again?
archizzy
04/05/24 8:20:32 PM
#4:


A million. Because at a modest 5% return I could live on $50,000 a year easily. I currently live on about $1,400 a month for all my required monthly bills. That is everything. All household bills, food, gas, property taxes, house insurance, I mean literally everything.

I just hang out at home and watch tv/movies, game, read, listen to music. I could easily live off 50K a year when I'm currently spending far less and just investing all my extra money.

So I wouldn't need to touch the initial amount. Just live off the interest.

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