11–20 of 89 posts
500,000 invested intelligently would give you a yield where you could expect a decent income to live upon, so if you are clever enough that should be enough. Plus it would give you the freedom you wish for, plus a little incentive to do "something" as its not a crazy amount of money....
Incidentally, that's the number George Soros had in mind when he decided to go into finance to support his dream of being a philosopher. He ended up making a little more than that, however.
£1m-£2m: The comfortable poor
£2m-£5m: The comfortably off
£5m-£15m: The comfortably wealthy
£15m-£40m: The lesser rich
£40m-£75m: The comfortably rich
£75m-£100m: The rich
£100m-£200m: The seriously rich
£200m-£400m: The truly rich
£400m-£999m: The filthy rich
More than £999m: The super rich
500,000 invested intelligently would give you a yield where you could expect a decent income to live upon, so if you are clever enough that should be enough. Plus it would give you the freedom you wish for, plus a little incentive to do "something" as its not a crazy amount of money....
Incidentally, that's the number George Soros had in mind when he decided to go into finance to support his dream of being a philosopher. He ended up making a little more than that, however.
500,000 invested intelligently would give you a yield where you could expect a decent income to live upon, so if you are clever enough that should be enough. Plus it would give you the freedom you wish for, plus a little incentive to do "something" as its not a crazy amount of money....
Incidentally, that's the number George Soros had in mind when he decided to go into finance to support his dream of being a philosopher. He ended up making a little more than that, however.
For me, it is 10M USD considering where I live, what I do and what my interests are.
Wow, may I ask what expensive interest / neighbourhood you have? Just curious ...
Note that I did not mention anything about investing/markets etc. because those are not guaranteed.
Earlier quoted context omitted.
500k is the smallest number I've seen for this calculation. What kind of investment are you thinking?
500k at 7% per year (common number used for the growth of the market as a whole, and thus the average growth of index funds) means $35k/year, not an unreasonable salary to live on.
And, if I then decided to do another startup at some point, I'd have a little bit of seed capital already handy.
Earlier quoted context omitted.
500k is the smallest number I've seen for this calculation. What kind of investment are you thinking?
500k at 7% per year (common number used for the growth of the market as a whole, and thus the average growth of index funds) means $35k/year, not an unreasonable salary to live on.
Earlier quoted context omitted.
500k is the smallest number I've seen for this calculation. What kind of investment are you thinking?
500k at 7% per year (common number used for the growth of the market as a whole, and thus the average growth of index funds) means $35k/year, not an unreasonable salary to live on.