4 ms·

$10k/mo passive income

• rphlx 16y ago
  Same. Running a business is not easy, but it's the easiest way to get there IMO. It takes like 5-10M in capital to make 10k/mo "safely" on a long term basis now, which rules out an investment-only strategy for almost everybody.
  • lovskogen 16y ago
    Why do you need five million dollars for that?
    • rphlx 16y ago
      It's hard to live off passive investment income b/c world governments are intent on shafting savers to bail out the debtor majority. "High yield" FDIC-insured savings accounts pay like 1.2% now in nominal terms but their return will surely be negative in real terms.