5 ms·

200k actually, I think you made a mistake? Anyway, in some parts of the world, yes, that is "set for life".

cambalache 6y ago
200k for 2 partners, 100k each. Tell me this magical place where I am set for life with 100k, i will fly as soon as travel is available. 100k assuming a 4% annual retirement rate, gives you 333 USD/month. Assuming a family of 2 and you need to pay rent, insurance,food,car or transportation, etc I dont see this feasible at all, at the very very least you need 5X times that.
- deleted 6y ago
  [deleted]
- badideaprojects 6y ago
  Lots of parts of the world where people with families live for less than 1.5k USD a month.
  - cambalache 6y ago
    Yes! But even for 1500 USD/month you need 500k on your portfolio. And another thing , just because you live in a developing nation does not mean you dont aspire to nice things. You still need a laptop, a modern car, a cell phone, etc etc.
- kvetching 6y ago
  Wow you're head is so far in the sand it's insane. You literally have no idea how far USD can go in third world countries.
  - cambalache 6y ago
    I live in a "third world" country, I have lived all my life in third world countries (6 of them), in how many have you lived?
- chrisfosterelli 6y ago
  > I dont see this feasible at all, at the very very least you need 5X times that. I agree with you that $333USD/mo is not a ton but 5X that is more than lots of people live on in north america.
  - cambalache 6y ago
    And how are they living. For 1500 bucks a month for a family of 3, no other income, unless you depend heavily on external assistance you are going to suffer a lot. Will you stop working if I guarantee you 1500 USD/month. No other income, no house, no car, no stocks,no college fund, no health insurance, all of this will have to come from the 1500 USD. Remember the original point of this discussion for which I have been downvoted to hell here: You need a non-trivial amount of money (in my estimation at least 1MM) to be "set for life".1 MM will give you 3k/month with moderate risk assuming historical returns. You can live with it surely but nothing crazy.

200k for 2 partners, 100k each. Tell me this magical place where I am set for life with 100k, i will fly as soon as travel is available. 100k assuming a 4% annual retirement rate, gives you 333 USD/month. Assuming a family of 2 and you need to pay rent, insurance,food,car or transportation, etc I dont see this feasible at all, at the very very least you need 5X times that.

deleted 6y ago
[deleted]
badideaprojects 6y ago
Lots of parts of the world where people with families live for less than 1.5k USD a month.
- cambalache 6y ago
  Yes! But even for 1500 USD/month you need 500k on your portfolio. And another thing , just because you live in a developing nation does not mean you dont aspire to nice things. You still need a laptop, a modern car, a cell phone, etc etc.
kvetching 6y ago
Wow you're head is so far in the sand it's insane. You literally have no idea how far USD can go in third world countries.
- cambalache 6y ago
  I live in a "third world" country, I have lived all my life in third world countries (6 of them), in how many have you lived?
chrisfosterelli 6y ago
> I dont see this feasible at all, at the very very least you need 5X times that. I agree with you that $333USD/mo is not a ton but 5X that is more than lots of people live on in north america.
- cambalache 6y ago
  And how are they living. For 1500 bucks a month for a family of 3, no other income, unless you depend heavily on external assistance you are going to suffer a lot. Will you stop working if I guarantee you 1500 USD/month. No other income, no house, no car, no stocks,no college fund, no health insurance, all of this will have to come from the 1500 USD. Remember the original point of this discussion for which I have been downvoted to hell here: You need a non-trivial amount of money (in my estimation at least 1MM) to be "set for life".1 MM will give you 3k/month with moderate risk assuming historical returns. You can live with it surely but nothing crazy.