3 ms·

Can he give me a few million then?

andrewstuart 17d ago
And me please. 2 mill.
ozim 17d ago
Few million? I would be set for the rest of my life if I got half a mill falling from sky today, I guess I could even make it work with 250k. Currently I am pondering how absurd amount of money a billion of dollars is. When loads of people can only -earn and eat through/spend not save- $1 million; working their asses off for something like 20 years.
- david-gpu 17d ago
  For what it is worth, if you want your withdrawals to last for decades, then you are limited to around a yearly inflation-adjusted cap of around 3% of the original principal per year, gross of taxes, if you invest in low-cost passive index funds. That is a budget of $30K/year for every million you have invested in the market. If you are interested, the /r/fire and /r/financialindependence subreddits are useful.
- quickthrowman 17d ago
  > I would be set for the rest of my life if I got half a mill falling from sky today, I guess I could even make it work with 250k. Maybe you only have a few years left to live? If not, I’m not sure where one can live on $10,000 to $15,000 a year and pay for shelter, food, clothing, and healthcare. It costs more than that per year for health insurance for one adult over 40 in the US. That is what $500k grants you, chop those in half for $250k.
  - mrlonglong 16d ago
    This is the biggest argument for socialism, you pay the taxes, get free health care and free education, every one gets the same irrespective of their status. Why do Americans get scared every time they hear "socialism"? Is it because billionaires have told them it's like "communism"? Are they so brainwashed they can't vote for policies to enable this sort of thing? No wonder the life expectancy in the US is lower than in Europe.
- stockresearcher 16d ago
  > pondering how absurd amount of money… You may enjoy reading Brewster’s Millions, or watching one of the many movie adaptations made over the years. https://en.wikipedia.org/wiki/Brewster's_Millions https://en.wikipedia.org/wiki/Brewster's_Millions

And me please. 2 mill.

ozim 17d ago

Few million? I would be set for the rest of my life if I got half a mill falling from sky today, I guess I could even make it work with 250k. Currently I am pondering how absurd amount of money a billion of dollars is. When loads of people can only -earn and eat through/spend not save- $1 million; working their asses off for something like 20 years.

david-gpu 17d ago
For what it is worth, if you want your withdrawals to last for decades, then you are limited to around a yearly inflation-adjusted cap of around 3% of the original principal per year, gross of taxes, if you invest in low-cost passive index funds. That is a budget of $30K/year for every million you have invested in the market. If you are interested, the /r/fire and /r/financialindependence subreddits are useful.
quickthrowman 17d ago
> I would be set for the rest of my life if I got half a mill falling from sky today, I guess I could even make it work with 250k. Maybe you only have a few years left to live? If not, I’m not sure where one can live on $10,000 to $15,000 a year and pay for shelter, food, clothing, and healthcare. It costs more than that per year for health insurance for one adult over 40 in the US. That is what $500k grants you, chop those in half for $250k.
- mrlonglong 16d ago
  This is the biggest argument for socialism, you pay the taxes, get free health care and free education, every one gets the same irrespective of their status. Why do Americans get scared every time they hear "socialism"? Is it because billionaires have told them it's like "communism"? Are they so brainwashed they can't vote for policies to enable this sort of thing? No wonder the life expectancy in the US is lower than in Europe.
stockresearcher 16d ago
> pondering how absurd amount of money… You may enjoy reading Brewster’s Millions, or watching one of the many movie adaptations made over the years. https://en.wikipedia.org/wiki/Brewster's_Millions https://en.wikipedia.org/wiki/Brewster's_Millions