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This comment is not really fair [1] but when he writes "I get the safety of knowing I won't be the target of a frivolous lawsuit, since I have very little net w
by utunga 13y ago
This comment is not really fair [1] but when he writes "I get the safety of knowing I won't be the target of a frivolous lawsuit, since I have very little net worth" I had to wonder. I did the math to see that translates to an annuity of over a million a year. I don't know about you but I tend to think that if one lives simply with just 'a good apartment, a good laptop, and a few other basics' then (even after taxes) one's net worth would probably be increasing fairly rapidly over time. Even on only a million a year! Guess I'm feeling very Mrs Bennett right now, though fortunately I have no daughters to thrust in his direction ;_)
More power to Mr Sivers who has made a great choice of new location in my humble, but biased, opinion.
[1] This is not really worthy of our hero D Sivers because as he notes 5% a year was apparently the minimum allowed.
- sivers 13y agoAgreed. It sounds ridiculous, but I was honestly upset about that 5% minimum payout. Instead I funnel it back into projects that are hopefully useful to others.