4 ms·
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 no
by 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 agoWhy do you need five million dollars for that?
- rphlx 16y agoIt'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.