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He isn't exactly giving everything away; he'll be "surviving on $1,341 a month". Which is very wise; using money to buy things rarely leads to happiness, but us
by orangecat 17y ago
He isn't exactly giving everything away; he'll be "surviving on $1,341 a month". Which is very wise; using money to buy things rarely leads to happiness, but using it to provide financial security eliminates many potential sources of unhappiness.
- hugh3 17y agoIndeed, in order to make $1341 a month without working you'll need to invest about $321,000 at 5% interest. If you want to keep it inflation-adjusted then you probably wouldn't want to take more than 2% of the principal each year, so you'd need more like $700K in the bank.
- atk 17y agoRight. Money, like most things cannot keep you happy. You might be happy temporarily, but the happiness fades and then you focus on your next object of desire. I think that's the empty feeling this guy kept feeling - he was buying more and more possessions but nothing really fulfilled him.