This all started when you said you could live 10 lifetimes off 1 million and that triggered multiple peoples autism, who felt a powerful need to correct that, now here we are.
>What's your point? Lik...
> This all started when you said you could live 10 lifetimes off 1 million
And he was absolutely correct. He could.
He gets by on $15K/year. $1M invested in one single ETF that is readily available to everyone gives you $33.2K/year in income. Even after taxes, he's got a better than 50% safety margin that can go into savings to cover emergencies. Once an emergency fund is established, that safety margin plus the growth in dividends the fund pays should more than handle inflation.
You can earn better than a 3.32% yield fairly easily, but you take on more risk by doing so and there's no need in this case.
> that triggered multiple peoples autism
And they're wrong because they don't understand how investing works.
And he was absolutely correct. He could.
He gets by on $15K/year. $1M invested in one single ETF that is readily available to everyone gives you $33.2K/year in income. Even after taxes, he's got a better than 50% safety margin that can go into savings to cover emergencies. Once an emergency fund is established, that safety margin plus the growth in dividends the fund pays should more than handle inflation.
You can earn better than a 3.32% yield fairly easily, but you take on more risk by doing so and there's no need in this case.
> that triggered multiple peoples autism
And they're wrong because they don't understand how investing works.
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