10-19-2018, 08:31 PM
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StraightBro
Industry Role:
Join Date: Aug 2003
Location: Monarch Beach, CA USA
Posts: 56,229
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Quote:
Originally Posted by MFCT
So that leaves you with $495 mil. You could put that into 12 month CDs. At the current interest rates, you'd be earning about $1.2 million per year out of thin air from interest, or roughly $100k per month.
I don't know about you, but I could live quite comfortably on that. Keep doing that year after year, and you'd never need to touch that $495 mil.
Let's say you just can't manage to spend $100k per month. Fine. Add whatever leftover cash to your $495 mil in CDs and watch the total compound and your yearly interest earnings increase.
I don't know how well this would actually work in the real world. But it seems good on paper.
Good luck to y'all.
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