Quote:
Originally posted by stocktrader23
All you people that keep saying 4 million would set you up for life like its a complete forturne need to grab a calculator and do some fucking math. Either that or you are 50 years old to start with.
True, if you plan to live in a $100,000 home, drive a $30,000 vehicle, and live on average money for the rest of your life you could be ok. I'm talking to the people that keep saying I'd buy my dream home, a few cars and alot of toys.
I'd like to ask you then how much money would you have to make a year to feel the same wealth you do from 4 million liquid?
This is in no way directed at Quiet or the people that put up a good argument about getting into other ventures that aren't adult. This is to the ones that keep saying they would retire and have a blast for the rest of their life. Quiet is obviously business minded enough to know he wouldn't want to completely retire and live on 4 million forever. Whether it be another business or investments he still wants an income. You silly people that say you would just retire and the money would last you forever seriously need a calculator. Either that or you would be happy with Burger King wages as is. 
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Are you on crack?
4M in wise investment will bring you 5% tax free incomes MINIMUM per year.
Do you really need more than a $200,000 / year? Remember you have no debts.
I would only need 1M in investment to stop working. $50,000 per year is enough for me, and I would re-invest about $15,000 each year and keep $35,000 to travel.