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Couldn't you already do that right now? If you put your wealth into S&P 500 you should be able to live from roughly 170K USD per year.
by paulluuk 5y ago
Couldn't you already do that right now? If you put your wealth into S&P 500 you should be able to live from roughly 170K USD per year.
- xwdv 5y agoAh yes, a world where taxes don’t exist and the S&P always returns 10%-20% a year and everything you really want in life is dirt cheap. Nah, I want cars, some homes, a yacht and a hot ass babe to pleasure me and raise nice children as we travel the world and dress fancy.
- yholio 5y ago> hot ass babe to pleasure me and raise nice children Boy, are you in for a nasty surprise. But don't come crying to us, old men who warned you that what you really should want is a nice cabin near a lake with plenty of fish and an absolutely plain ass woman.
- paulluuk 5y agoYou think you need more than 170k per year to own a yacht, travel the world and dress fancy? I'm guessing you haven't actually done any of these things before, then. Outside of silicon valley, 170k per year is a huge amount of money. Especially if you're going to travel outside of North America and Europe.
- randomhodler84 5y agoWhich might not actually be that much in some parts of the world. For real. A few million is nice but that doesn’t even get you a house in nice places. The 4% rule is fairy tales, especially post pandemic economy. we will be working more for less as time goes on.
- paulluuk 5y agoThen couldn't you just move somewhere else? I live in the Netherlands, near amsterdam. It's one of the most developed places on Earth (more so than most of the US) and my yearly salary is only 100k USD, which puts me in the top 1% on my country.
- deleted 5y ago[deleted]