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Just me. But my 4% APY savings account would net me 400,000/yr on $10M, so 4x what i make now; my hypothetical family would also be fine for 100 years
by queenkjuul 10mo ago
Just me. But my 4% APY savings account would net me 400,000/yr on $10M, so 4x what i make now; my hypothetical family would also be fine for 100 years
- aristofun 10mo agoIf you carefully read my message and all the conditions you’ll see that 400 will melt faster than you think. Also it will be closer to 200-300 because you spent part of the sum to buy a house.
- queenkjuul 10mo agoI could raise a kid in my apartment, plenty of room. My parents raised 4 kids on less than i make, even adjusted for inflation. My friends with kids are not making 400k/yr and doing just fine.
- aristofun 9mo agoThis is why my remarks about "where you live" and "ambition"