/biz/ - Business & Finance

No if youre a consoomer

Yes if youre not a consoomer

>>51403511
indefinitely in latin america

You can bro, but you'll never have any bitches period. It's never too late until you suicide which is what this essentially is financially.

>>51403511
how would you expect someone else to know your own budget, commitments and finances better than you?

alright fine, i'll tell you. but you need to post a year worth of activity on your bank accounts.

>>51403568
This is not a concern. I look like picrel. Women are repulsed by my sight almost immediately.

>>51403511
There are relatively safe white areas with low taxes and expenses where you could live basically indefinitely off of that. $200-300k on house, the rest split between stocks and crypto.

u can live off dividends with that amount of money and work some shitty part time job or do doordash idk.

>>51403568
Why would you want women who only be around you if youre spending tons of money on them

>>51403511
There are plenty of ways in defi to extend that $700k indefinitely. Do some research sir.

>>51403511
you could live forever on 700k especially if you trade. you can live VERY comfortably on 35k a year. even if you're a retard who can't turn a profit holding btc, that gives you at least a decade of sitting on your ass

>>51403781
>you can live VERY comfortably on 35k a year
Where?

>>51403511
you could live off dividends taking in nearly $70k a year with that kinda of capital
don't be fucking dumb, /biz/ is a terrible barometer and warps your perception of money. I was gaslit you believe you need at least $2m to retire but you realistically only need like $500k max if you know what you're doing and live frugally

As a single male, who isn't a consoomer, you can live on fucking NEETbux.

People who think 700k would only last 10 years, youre implying OP has a normal life as a consoomer and gf/wife always pressuring him to spend.

Realistically if hes a single male, he could live on like 20k a year

>>51403822
I live pretty comfortably in Austin, TX on ~$25k/y expenses. but no kids no gf

>>51403826
Hahahaha you think you're going to get a 10% return on dividends?

>>51403870
Hes stuck in the 2010s

>>51403511
I'm 36 living off $400k. I'm constantly traveling to 3rd world countries and I only spend like $10k a year so I can do this indefinitely.
I'm starting to feel like that weird old guy at hostels though.

If you have 700k sitting around & can't plan/invest/move that money to make it work for you, you're stupid

>>51403870
this. the only turbo high dividends that can maybe be trusted is covered call etfs like QQQX or QYLD.. But a 10% company dividend? is likely a trap, or destined to get cut.. maybe ENB, or WBA, INTC, MO.. not 10% but they're not likely to get smoked ( unless intel continues to be a shitco ) but spead amoung these he could average a 6%

>>51403750
>good holes don't always cost money

>>51403610
Well just don't get addicted to hookers like most rich/ugly men. You have plenty of money especially if you already have a home. I think it would be wise to get a support structure though, not having someone to look after you means you die an embarrassing death later on in your life.

>>51403511

If you want to be realistic, make some realistic estimate, then multiply by two, because of unexpected expenses.

In Mexico 500 a month is realistic (most people make around 300 a month). So assume you'll be spending about 1000 on average. That's only 12k/year. So you're set for life.

Of course you need to edge against inflation, otherwise it's not going to be even close to working out for you.

>>51403822
If you own your home

Property tax - 5k
Income tax - 2.5k
Food - 2.5k
Utilities - 2.5k
Assorted repairs/replacements - 5k if you're unlucky

That's 17.5k/yr in flex cash/play money

>>51404088
>Food - 2.5k
huh? double that at least..

>>51404105
>double that
Ok, 15k/yr to spare. But
>8lbs chicken breast - $45
>3lbs bacon - $25
>5 gallons milk - $15
>6lbs apples - $15
>36 eggs - $10
>48 tortillas - $8
>3.5lbs oatmeal - $6
>3lbs spinach - $6
>1lb extra virgin olive oil - $6
>1lb butter - $6
>26oz mashed potatoes - $3
That's $1.7k/yr with plenty of protein.

>>51403826

no one is going to get consistent 10% returns on dividends, moron.

at a reasonable, safe (considering THIS IS YOUR ONLY SOURCE OF INCOME), level you might expect 5%. that means the question is can you live off 35k a year. the answer is likely yes. i'd say learn spanish and move to mexico. you can easily live off of 1-2k a month in many nice places there BUT you need to realize you're gonna be paying a level of gringo tax and you NEED to learn spanish. southeast asia is another option that's POTENTIALLY as cheap/cheaper but it's less "safe" (no longer in NA, further away from your family/support nework/flights if you had to go back to the US)

>>51404207

fresh spinach goes bad really fast. you can't really buy that shit in bulk unless you eat a lot of it in a day. unless you're talking about like... canned? i know because i like to eat spinach quite a bit and it always fucking goes bad before i can finish it

>>51404207
Yeah, i live in canada
>>51404269
Switch to Napa cabbage, shit lasts forever

>>51404290
im spending under 200/month on food in toronto

>>51403511
Just buy a house? Rent and work part time while you are managing your property , you are almost full time landlord

>>51404269
I buy frozen, but fair enough. I don't think taking four extra trips for fresh spinach alone will cost another $800/mo
>>51404290
>Yeah, i live in canada
My condolences