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  • How Much Principal Do I Need To Live Off Passive Income

    From Beaver Fever@21:1/5 to All on Mon Sep 4 09:04:08 2023
    anybody know

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  • From Dennis Kane@21:1/5 to Beaver Fever on Mon Sep 4 09:51:45 2023
    On 9/4/2023 9:04 AM, Beaver Fever wrote:
    anybody know

    Obviously, that all depends on your standard of living. So, without any
    other information from you, no.

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  • From Beaver Fever@21:1/5 to Dennis Kane on Mon Sep 4 17:09:30 2023
    On Monday, September 4, 2023 at 9:51:51 AM UTC-7, Dennis Kane wrote:
    On 9/4/2023 9:04 AM, Beaver Fever wrote:
    anybody know

    Obviously, that all depends on your standard of living. So, without any other information from you, no.


    As frugal as possible. Super low living expenses.

    But I also need to figure out a health care strategy. The odometer turns over in a few weeks and the perfect health, never gonna get sick attitude ain't gonna fly much longer. The I'm too poor to care for my health so better to spend money on self
    indulgence than health insurance didn't work out like I thought either (I was briefly high earner). Surprised I rode this far without even getting hurt.

    .

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  • From Lenona@21:1/5 to All on Tue Sep 5 13:19:30 2023
    That reminds me of this very old Peter Arno cartoon, from The New Yorker:

    https://attemptedbloggery.blogspot.com/2023/04/charles-addams-sam-cobean-and-syd-hoff.html

    To see it, scroll down halfway, just after the green plate and the blue plate.

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  • From Andrew T.@21:1/5 to Beaver Fever on Fri Sep 8 01:00:00 2023
    On 2023-09-04, Beaver Fever <Beaver_Fever@live.com> wrote:
    anybody know

    I would use 20 times the desired income as a starting figure.

    That would assume you could make at least a 5% annual return on
    investments, which is probably pretty conservative. I've seen CDs lately
    for 4.7% APR/APY. A higher ROI would mean less principal needed, but
    likely would come with greater risk.

    --Andrew

    --
    Andrew T., Short Tract, New York, USA (USDA Zone 5)
    ... wandering the streets of Usenet ...
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    "Do what you can with what you have where you are." -T Roosevelt

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  • From Beaver Fever@21:1/5 to Andrew T. on Mon Sep 11 16:57:25 2023
    On Thursday, September 7, 2023 at 6:00:06 PM UTC-7, Andrew T. wrote:
    On 2023-09-04, Beaver Fever <Beaver...@live.com> wrote:
    anybody know

    I would use 20 times the desired income as a starting figure.

    That would assume you could make at least a 5% annual return on
    investments, which is probably pretty conservative. I've seen CDs lately
    for 4.7% APR/APY. A higher ROI would mean less principal needed, but
    likely would come with greater risk.

    --Andrew

    --
    Andrew T., Short Tract, New York, USA (USDA Zone 5)
    ... wandering the streets of Usenet ...
    (Remove numbers and .invalid for email address)
    "Do what you can with what you have where you are." -T Roosevelt


    I have been just buying CD's because I cannot even comprehend any of this. I'll at least manage 25k in a year which is more than I could manage the last McJob.

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