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Originally Posted by TeenGodFather
What drugs are you on?
1 000 000 in the bank.
Without investing in anything..
intrest rate, probably around 2% for that sum.
1666/month intrest only.. If you live a 'normal' life, the money SHOULD last a lifetime. I probably don't even spend 1600/month on personal stuff...
but then again, I don't think anyone can have any kind of self-restraint if they suddenly get 1M in the bank.  |
You're forgetting tax, and more importantly, inflation... a 2% interest rate will probably not be enough to keep the value of your capital consistent over time.
Less of a concern if you don't plan to die with the equivalent of $1m in the bank though...