4 ms·
A very comfortable yearly income is $100K-$200K. Immediately put the necessary base in an interest bearing account (~5%) to earn your comfy yearly income off th
by ivankirigin 19y ago
A very comfortable yearly income is $100K-$200K. Immediately put the necessary base in an interest bearing account (~5%) to earn your comfy yearly income off the interest. $200K/0.05 = $4M.
Then you'd really never need to work again, and you can focus on making interesting things.
There is plenty of life automation that you can do. Laundry, grocery delivery, maid services, restaurants, financial planner.
You can easily spend $1M on travel for months, building a dream house, etc.
- some 19y agoYou have done those things?
- ivankirigin 19y agoHA! I don't have $4M to put in the bank. But I do have a comfortable income. My goal would be to work on interesting problems without needing a paycheck. Things like financial planners, grocery delivery, and cleaning services are all excellent value for the amount of time they save.
- rms 19y agoThat's not going to work in the USA because inflation is a lot more than 5%. I'd go for a foreign stock index fund.