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/biz/ - Business & Finance


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23393473 No.23393473 [Reply] [Original]

I've heard the statement that if you had 3mil cash you could live off the interest
How would you even do that?

>> No.23393503

Look into FIRE.

Buy the S&P500 index and live off of historically average (over the last 100 years) 8% yearly gains.

Ideally, you should live off of 4%.

>> No.23393539

>>23393503
This and you could also throw it into dividend stocks.

>> No.23393548

>>23393473
Fucking mongloid think about it. You dump it all in the SPY you get 2% divvies annually ($60k) on top of principal growth. You put it in SPYD you get 5% annually plus principal growth ($150k). You put it in AmEx high yield savings you get $60k annual but no principal changes. You put it into bonds you get that yield. Think for a second.

>> No.23393574

>>23393503
>>23393539
Thank you, I guess I should just talk to an accountant but I'll bring this up
>>23393548
It's not exactly common knowledge lol but thank you

>> No.23393578

$3 million would be easy as fuck. You could probably do it on a few hundred thousand if you're frugal in the beginning and take a little bit of risk.

>> No.23393587
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23393587

haircomb token