this post was submitted on 25 Mar 2024
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A Boring Dystopia
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why would you need more than a couple million?
7% of $2mill is $140,000 dollars a year, and anything you don't spend just makes you more money.
Idunno, just didn’t do the math. I’ve definitely done it before and knew that at typical safe interest rates you can live comfortably off of the interest of…. Something in the realm of 1-10 million.
you can live comfortably off of $50k USD/yr, which at a shitty 3% interest is $1.7million.
But that's my point. You don't need more than $2million. The $3mil-$10mil in your range is crazy.
This is why we shouldn't just eat people with over 1000 million dollars, but even 50 million is an insane amount to need.
It was a vague statement, based off a vague memory, about some shit that doesn’t matter. Calm down.