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/biz/ - Business & Finance

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21817190 No.21817190 [Reply] [Original]

For someone who is married and planning on having 4 kids.

>> No.21817221

>>21817190
20 mil

>> No.21817227
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21817227

>>21817190
4 kids?

>refer to pic

>> No.21817243

>>21817190
Probably $5M. Bare minimum to quit job and do something else for income (real estate etc) is $2m

>> No.21817266

>>21817243
This

>> No.21817284

>>21817243

Not nearly enough.

>> No.21817452

>>21817284
Wrong, $5M is enough to buy a $1M house and still have $4M left over for passive gains.

You earn 4% of your principal per year in passive interest, meaning you would have $160K of passive income per year, more than enough to live very comfortably in any part of the country and support your wife and 4 kids.

>> No.21817463

30.

>> No.21817644

>>21817190
$1M, then LEAVE the USA and go hang on the beach in SEA for $1k / mo and never work again.

>> No.21817669

>>21817190
>Plans to have family
>Make it

Pick one.

>> No.21817692

About $100M

>> No.21818260

>>21817190
$1mil

>> No.21818372

roughly 4 Million for the kids if you dont plan on sending them to college and not throw them out at 15. And for you, 5 Million. So to be save 15 Million

>> No.21818391

>>21817452
Does that include setting aside money to beat inflation? Real inflation is probably close to 6%, so to withdraw 4%for living expenses you need to be making 10%/year.

>> No.21818395

>>21817644
How the fuck is he going to live in the sea if he has 4 kids? It's hard even for one person to sail long term

>> No.21818429

>>21818395
when he said SEA he meant south east asia, i think.

>> No.21818471

>>21818429
Of course that's what he meant, you're replying to either a troll or a newfag.

>> No.21818483

>>21817644
>4 kids
>in Pattaya or Quezon
No

>> No.21818501

>>21818391
Doable

>> No.21818646

>>21818391
>Real inflation is probably close to 6%
That's fucked if it's actually the case. Source?

>> No.21818675

>>21817452
160k of passive income is not enough, for a family of 4

>> No.21818746

>>21818675
160k in a state like MS would put you in the very top of the middle class. That's plenty of money for a large family.

>> No.21819002

>>21817452
you know that you have to pay 30-35% to tax guy too. right?

>> No.21819019

>>21818646
I'll give you a true anecdote that may or may not convince you. My parents bought a house in NYC in 1995 for $250k. 25 years later that house is worth over a million dollars (we don't own it anymore sadly). $250,000*(1.06^25) = $1,073,000.
You can't base inflation off of the prices of staples foods because those are kept artificially low by farm subsidies and stores selling them as loss leaders. Look at real estate prices and health/car insurance premiums. Prices for those have been rising way faster than official inflation figures, at least here in New York. I can't speak for every town. People would be rioting in the streets if they knew how hard they were getting kkiked. I mean they are rioting now but for far more retarded reasons. Occupy Wall Street was intentionally derailed by all this identity politics garbage.

>> No.21819077

>>21819019
plebs call that inflation, patricians call it asset appreciation