Comment on Which option lads?
zalgotext@sh.itjust.works 7 months ago$150k per year for the rest of my life would be way more than enough for me and the lifestyle I want to live. I currently make less than that, but still have enough to invest and donate to charity, so this would be just a straight, guaranteed upgrade with zero changes to my current life.
I understand that I could make more with the steps option, but I’d be thinking about it. Any time I was off my feet, I’d be thinking to myself, “I’m missing out on money right now”, and I don’t want to have that nag for the rest of my life. Give me the no-work, no-change, fully automatic upgrade over the steps option every day of the week.
jdeath@lemm.ee 7 months ago
it’s funny how many armchair money managers we have here who want to give up huge passive income in order to… have more money to invest and eventually get passive income.
how much would an annuity that pays $150k/yr cost for somebody in their 20s or 30s? I can’t imagine it being less than $10 million. probably more like $50 million. so the logic is give up $10-$50 million in value, for the opportunity to maybe make it up in the long run, while hoping you never get injured or debilitated…
Cowbee@lemmy.ml 7 months ago
3.75 million dollars in a high yield savings account right now pays 150k per year, at a rate of 4% annually. Investing in the broad market pays 6%ish per year after adjusting to inflation.
You can make multiple millions of intentionally jogging per year, which pretty much debunks your point. Yes, breathing is more passive, but will lose to inflation compared to what you can gain comparatively immediately with steps.