If you were to invest in stocks, real estate, physical businesses (with limited time input), etc. how much money would you want to be making and value of assets that you would be content with and could stop and enjoy at any time if you chose to do so?
I’m mad young but I want to get to a spot in the future where I just never worry, what do those numbers look like for you?
For me, maybe, $25M value, with $250k in perpetuity
I'm in the camp of "it's never enough"
Don't forget about inflation, $250k might be a decent living today, but in 20-30 years, that could be the median income.
While the $250K is more than enough for me to live on.
I'm more concerned with yielding a 1 cap on $25M in assets. These better be high appreciating assets.
I bet he is doing 1% withdrawals on $25mm. Great way to ensure you get richer every year.
Just the S&P alone will yield 2% lol with no work, it’s terrible. You can probably switch to slightly higher yielding ~3% with a tad lower appreciation and still appreciate nicely
Yeah exactly, my point is if I took a small share for personal use and let my money continue to grow at what stage would I be happy and I feel like this is a decent start, and even with the 250k possibly being median income in 20-30 years maybe by then the assets invested would have a much larger value by then and produce more money
This has to be a joke, right? There is a 0.0001% chance you will ever have $25mm in liquid assets. I swear, some of you folks on this board are absolutely looney tunes / walking caricatures.
Agreed. Taking a 250k distribution from your nest egg, meaning you aren’t really planning on saving or investing any of that money, is an insane amount of passive income. Plus, by the time anyone has that stream coming in, their house + vacation house should be more than paid off, kids should be through college etc. I don’t think I could ever spend that much money in a year outside of big-time purchases. Most people have happy and fulfilling retirements with a fraction of $250k
My goal is to just get to a point to where my passive income covers all expenses(needs & wants) and I can quit my job and work part time for something I love and have a little extra. Plus, my entire portfolio/income generating assets would appreciate in value overtime.
Hmm, you think it’s enough until you have kids, inflation makes things more expensive, you want to send them to private school, take a vacation, taxes go up, etc and then you are left needing more money. Save and invest and find a job you like and the rest will figure itself out
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