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Comment on According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion

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StinkyRedMan@lemmy.world ⁨1⁩ ⁨year⁩ ago

While one million is a pretty good amount of cash, you’re delusional if you thinks it’s a “never working again” amount of money. I had this talk pretty recently with a friend of mine, if he used it to finish paying his house (150k) at 24k a year it would not even last 40 years.

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mosiacmango@lemm.ee ⁨1⁩ ⁨year⁩ ago
At a 4% return, a million nets you 4000/month without affecting the principle. 48k/yr. Even post taxes, that’s around 40k.

Plently of places in the US you can live for 40k/yr. Not luxury, but if youre fine with rural to semi rural, you can do well on interest alone.

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elbarto777@lemmy.world ⁨1⁩ ⁨year⁩ ago
You’re assuming that everyone living today will live for more than 40 years. Ageist much? (I’m kidding.)

No, I’m not delusional. I’m not saying “never work again and live in luxury.” I’ll gladly live in a studio apartment for a few years while I put some of that money work for me (instead of me working.) It’s doable.

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