How Much Would You Need To Live Happily?

Рет қаралды 1,292,467

Kevin O'Leary

11 ай бұрын

It’s all about lifestyle. How much would you need to live happily?

Пікірлер: 525

@sebastiansaxon 10 ай бұрын

Wealth here is defined as owning your own time.

@Joenzinator 10 ай бұрын

Homeless people have all the time in the world.

@YashArya01 10 ай бұрын

@@Joenzinatornot if you stopped subsidizing their lifestyle

@Joenzinator 10 ай бұрын

@@YashArya01 The lifestyle of being homeless? lol.

@YashArya01 10 ай бұрын

@@Joenzinator yes, actually. I've seen interviews of people saying they choose to be homeless because it's convenient and the government encourages their behavior.

@abdirahmanidris290 9 ай бұрын

Excellent way of putting it. The freedom to have your own time permanently.

@hackerkiller2131 11 ай бұрын

But my brothers restaurant is going so well- he’s in a little debt but Gordon Ramsay is working with him

@karanamjeevan 11 ай бұрын

Was he on kitchen nightmares?

@danpang5404 11 ай бұрын

How can it be going well if he’s in debt? 😂 🤡 and that’s 🧢 he’s working with Gordon, he wouldn’t be in debt.

@bread1542 11 ай бұрын

Man… I gotta tell you… youd be better of investing in blockbuster

@SG-ho7xb 11 ай бұрын

@@danpang5404most companies have more debt than revenue. Especially if it’s just starting it’s very difficult not to have debt unless you already have enough starting capital

@aleistar8946 11 ай бұрын

@@danpang5404you are a goof 🤡🤡 If your debt costs you 1k a month and makes you 1.2k a month, its an investment. There is good debt and bad debt

@bobfeller604 6 ай бұрын

Living stress free and sleeping well at night is what counts for me.

@razyel6316 5 ай бұрын

Wow , I love that❤

@alfieroseburg8887 11 ай бұрын

I consider myself wealthy when i get to eat a can of spam with rice and having clean bottled water to drink.

@VX-cy4du 11 ай бұрын

Bro lives in the Sahara desert

@davidchambers-bn5ni 11 ай бұрын

Clean BOTTLED water? T

@davidchambers-bn5ni 11 ай бұрын

Tap water isn't available? Save your money.

@kinmyname 10 ай бұрын

@@davidchambers-bn5nitap water is unsafe

@diesel961 10 ай бұрын

Make me feel ungrateful. I drink around 12 water bottles daily.

@GlobalAdventurer 10 ай бұрын

Less is more when you want to have a peace of mind.

@babydooll84 10 ай бұрын

That sounds like an excuse to be lazy and never achieve anything but hey 🤷🏻‍♀️ do you

@sebastianconstantin5176 10 ай бұрын

yeah, i know a guy , he has 3 restaurant, and a fish import business, allready millionaire, still working on new projects. i dont understand that.

@arandomchannel56 10 ай бұрын

Well said. The less you chase, the richer you are

@evrenki1 8 ай бұрын

Oh yeah, money is worthless when you lose your mind or health

@jasonhaiflich8967 8 ай бұрын

@@sebastianconstantin5176ambition. Doing what they like

@RebeccaGorin 28 күн бұрын

*“How To Grow Money”*

@RebeccaGorin 28 күн бұрын

The first step to attaining wealth is figuring out your goaIs and risk toIerance - either on your own or with the heIp of a financiaI pIanner, and foIIowing through with an inteIIigent pIan, you wiII gain financiaI growth over the years and enjoy the benefits of managing your money.

@RebeccaGorin 28 күн бұрын

I am fortunate I made productive decisions that changed my finances (gathered over 1M in 2years) through my financiaI planner. Got my 2nd house in Feb, and hoping to retire soon. Give this a try and attain good-returns.

@RebeccaGorin 28 күн бұрын

Elizabeth Green Hunts

@Lyoson554 6 ай бұрын

🌹I’m 50 years old living in Canada Albert, I’m willing retired at 55 if things keep going the way I planned bought my first house last month and i can’t be more proud that I’m now I’m glad I made a very good productive decisions that has changed my financial status for forever

@JonnyDeep-vx1yn 6 ай бұрын

Hey sorry for late response , I apparently I used the FIRE movement to put my finances in shape, you can research more about it,then i invest in stock /forex with the help of investment pro Mrs Harry Brenda Ava

@Johnwhite46888 6 ай бұрын

Wow amazing to see here who trade with expert Mrs Ava, I thought I'm the only one trading with her I'm currently on 3rd trade with her and my portfolio has grown tremendously,she really an expert

@MichaelJordan-dy8xt 6 ай бұрын

You don't have to be supprice I make my first $100k investing in forex trading,As a beginner now I have time for my families and other things in life, thanks so much Mrs Ava you a life changer

@Fnyo455 6 ай бұрын

My first investment with her trading platform gave me a profit of over 25,000 ever since then they have been managing my portfolio so well.

@Early393 6 ай бұрын

Harry Brenda Ava's concept is key in beating all odds to excel in the form of online commodity,Her management team is quite impressive so far! With $5k I have made a profit of over $50k

@TonyGriffin-zd7sv 4 ай бұрын

Thank goodness you brought this up! Truly, investing has changed my perspective on how one can succeed in life; working multiple jobs isn't the optimal way to attain financial freedom and unfortunately, we discover this later in life. Currently earn as much as 10 grand weekly and this has improved my financial life. Great piece!

@ukdsg 4 ай бұрын

Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!

@user-mu2hr1by3g 4 ай бұрын

Do you mind sharing info on the adviser who assisted you? I'm 39 now and would love to grow my portfolio and plan my retirement

@TonyGriffin-zd7sv 4 ай бұрын

She's OLIVIA SULLIVAN FINANCIALS

@user-qf5hp8pc9t 4 ай бұрын

she's a known advisor. I actually did look her up curiously and went through her credentials on her webbsite... Top-notch! I wrote her an email, hopefully she's accepting new intakes.

@Jayden12934 4 ай бұрын

I'm definitely gonna check her out. Do yo have any idea if she manages family fund?

@Caldren_ 10 ай бұрын

A restaurant, bar, or bowling alley isn't an investment it is a career plan. It might be an entrepreneur type venture, but it is a job you are buying into, even if it is your dream job. It could be wildly successful or a nightmare that is inescapable.

@Thewateristhewave 8 ай бұрын

That’s not what he means. He means buying shares in that company In hopes you can get money back when their profits go up

@jumbothompson 7 ай бұрын

And it probably won't go up. There aren't too many restaurants that bring in profit. Do bowling alleys even make money or small cafes or anything similar?

@botboy0 6 ай бұрын

@@jumbothompson money laundering is a thing

@kariahpierre1679 5 ай бұрын

@Leontoners it will most likely be a terrible nightmare and you will loose your money.

@michellesnyder5157 10 ай бұрын

I wished I new where to start after 2 horrible divorces which killed my savings. I wasn’t one who got half like normal divorces or child support 😢

@mister4403 10 ай бұрын

Then get a better lawyer!!!

@paul-ye3ut 10 ай бұрын

are you a woman?

@chuckrennert5783 10 ай бұрын

You went into the love business and went broke! Love is a high risk business!

@shivendrasingh7929 6 ай бұрын

Learn be calm & handle emotions in Relations. You will do good. Think 4 times before entering into relationship

@Alon_Bar 10 ай бұрын

Robert Kiyosaki explained very well in his book (not his quote) Wealth - if you stopped working today - how long could u survive? The shark is also right if you're living like an ex wife of a famous celebrity you wouldn't last very long

@ryant2568 10 ай бұрын

Totally agree. If you are happy to live on the median income ($35K) then you would need around $650K invested in something safe like an S&P500 index fund and just live off the interest.

@martinlutherkingjr.5582 10 ай бұрын

S&P is too volatile to be pulling 5-6% out every year.

@ryant2568 10 ай бұрын

@@martinlutherkingjr.5582 The S&P has averaged around a 7% return over the last 30 years so after taxes, fees etc..... You should be able to take out around 5% annually.

@pawegorski515 6 ай бұрын

Inflation would eat your invested amount in long term.

@octoberfox3399 5 ай бұрын

I do agree but I think 35k might be to little. If anything medical happend to you or your family you'd want to have a little more just in case. But other then that I agree with you 100%.

@ryant2568 5 ай бұрын

@@octoberfox3399 the numbers are going to be different for everyone, the point is that it is possible.

@noflippingwayman 10 ай бұрын

He also said to invest in his pal, Sam at FTX

@swiftmovers3827 10 ай бұрын

Yes he did.

@songoku-jx3cb 10 ай бұрын

Warren buffet is the best investor in the world and even has made some terrible investments no one can predict everything or be right 100% of the time learn on the investment diversify into different assets and be consistent thats what it takes Clowning a guy for a few bad investments is pointless when he has several successful ones which made him a multi millionaire and he has a good work ethic sure he is a little arrogant but none of us are perfect either

@noflippingwayman 10 ай бұрын

@@songoku-jx3cb he's a snake 🐍

@songoku-jx3cb 10 ай бұрын

@@noflippingwayman how ?

@210david52 7 ай бұрын

Also, he has been wrong before about certain investments such as ring.

@buyerenogurlfwendo2106 7 ай бұрын

I have a friend I try to help out sometimes (never cash) who is homeless in a red county but blue state overall. They shut down homeless camps then people move over to the next. They try to make it a home adding stuff to their tent, repairing it whatever way possible (or just adding extra layers). Then you got to start over and try to move as much as you can. Because you don’t got a car and you been slowly adding to your “place” over weeks/months now. Local gov just tells you to kick rocks or go to jail when they want you gone. So you talk to your buddies with you in the camp and try to find the next spot to go.

@TrueWealthFinancial 5 ай бұрын

Great!

@nageshwagh2476 6 ай бұрын

Kevin was waiting for a google meet call and youtuber came directly to meet him. 😂

@jaxmontana6346 10 ай бұрын

Preach!

@colewhitehurst3734 10 ай бұрын

Homie said to live off 25k a year

@PepeNuclear 10 ай бұрын

How is 5 or 10 percent of $150k equal to $25k? lol

@colewhitehurst3734 10 ай бұрын

@@PepeNuclearbro did not watch the clip

@zackgalante4899 10 ай бұрын

Factz who the hell living on 25k a yr in usa 🇺🇸 this isn’t Yemen buddy .. I need at least 60,000 and mortgage paid Off

@Fstop313 10 ай бұрын

It’s actually possible if you are extremely creative. Most people wouldn’t have a clue how to do it though.

@user-df2uu3qp3y 10 ай бұрын

i dnt have a mortgage. my yearly expensive with hoa fees, property tax, and other bills comes out to around 5k. so 25k a year is A LOT for me

@cklife1 6 ай бұрын

All these things Kevin prescribed are investment portfolio, that has no tangible productivity to economy. All the restaurant, bars and crap moves society. Yes, they may make or break, but they are part of economy ecosystem.

@christiancat6276 6 ай бұрын

Freedom from the OPRESIVE = IRS😈+FED👿= GENERAL❤HAPPINESS❤OVER THE ENTIRE POPULATION!

@Freewall-e 11 ай бұрын

As someone who made 25k a year for a while, it’ll be hell to live off of. But since you won’t have to work at all you could spend time doing something you enjoy even if you don’t make a lot of money doing it and the combined income would be pretty comfortable

@dave3295 10 ай бұрын

The only way 25k works is if you have no debt. If you have a home to live in debt free, and 500k in the bank, you can live of 25k to pay for food, utilities and some discretionary spending. You won’t be living a life of luxury, but you could live say to day. If it’s coming from a tax free investment vehicle that’s a little over 2000 a month. If you have no rent, you’re paying 1,000 for food and bills, then 1000 to do whatever you want with. This also depends where you live, of course.

@derwinmitchell9947 10 ай бұрын

You can simply work part-time, and a less stressful job to cover some expenses and use that extra money for entertainment .

@meti333 10 ай бұрын

There are thousands of retirees in america living off that or less. You won’t be living large but you can get by for sure

@kennedynguyen2036 10 ай бұрын

The key difference is that you made $25k working a full time gig. But in this case, you would get $25k handed to you through your investments, saving you time, energy, and stress. All you need to do now is work 2-3 days a week, you can add to that and bring it up to $50k and you have 4-5 days off every week of your life.

@buddyrevell511 6 ай бұрын

@@dave3295Property taxes, bruh.

@slothymango 7 ай бұрын

I have a little more than 500,000k in the bank and no you cannot live off the interest.

@chrisfjansson4661 10 ай бұрын

WORTH AND WEALTH ARE 2 DIFFERENT THINGS

@kevinfilbin7688 11 ай бұрын

5% what? Quartly? Annually? How much of that is reinvested? True wealth is debt free ownership of assets, property, means of production and distribution. After that it's trust, family friends business partners. Money is not actually wealth it's just a means to an end

@owenswamp 11 ай бұрын

Interest rates are almost always annualized rate. 5% on 500k would pay 25k/yr. Any high interest savings, cd or money market account is going to pay interest monthly so $2,083/month. Most people can't live on that.

@NOAZ-Hotel-KUNGU_Kulambiro 6 ай бұрын

🎉

@yalee7996 8 ай бұрын

Prime example of a rich guy having no idea of the cost of living for a normal guy. Also, his idea destroys your money because of inflation and taxes.

@arthurschott399 7 ай бұрын

Been around the block a couple times,loyalty,honesty, kept me happy,alive,and have peace of mind,some people in the world live by markers,just ask the Gov. Of any country in the world,God bless,brother art😎

@xuereb2867 10 ай бұрын

When Kevin wears pants, things get serious!

@michaelnoah2700 10 ай бұрын

Fâçt... Life is about choices, it's your choice

@ronaldwescott3835 9 ай бұрын

Master wonderful longtime no see. I'm trying to be constructive in what I do. Thanks for the good advice that you share 4 the world. How can we do to unite the globe for humanity sake.

@johnny7121 11 ай бұрын

I would invest in my brother's restaurant, just for fun, like 1% of my investments...

@chingpop7497 10 ай бұрын

As long as I have food and I roof. I’ll never complain. Just go and make that shit happen if you want more

@tonyadams8812 10 ай бұрын

👍👍

@tonyadams8812 10 ай бұрын

And health.......don't forget your health.

@ogungbesanoluniyi3662 6 ай бұрын

Watching at the GOOD NEWS TELEVISION WORLDWIDE

@iamjimgroth 11 ай бұрын

I've calculated that I need around $1M to live comfortably for the rest of my life. That would preclude me from doing any of the big things I'd like to do though.

@wolfeater4949 10 ай бұрын

With family or without?

@iamjimgroth 10 ай бұрын

@@wolfeater4949 With my wife. Children not included.

@wolfeater4949 10 ай бұрын

@@iamjimgroth Yeah, that might work out. But you will still need to put an effort in time, cos there is an Inflation. So you might still need to maintain a good portfolio or a real estate.

@iamjimgroth 10 ай бұрын

@@wolfeater4949 I don't need a lot of money to be comfortable. I grew up dirt poor. At 7% gains I'll be able to both have a monthly "salary" and grow the funds for inflation compensation.

@gambit_toys6554 6 ай бұрын

You can up to 500k if you dont have to pay a mortgage or rent in 10-20 years. Rent is the killer.

@SurfersCornerMuiz 7 ай бұрын

Invest in your brother's business, just make sure it is tradable. Man much more

@ropblu3 7 ай бұрын

❤

@asktheetruscans9857 11 ай бұрын

After taxes, that's about $295 a week/$1200 a month/$15000 a year. Unless you're living at the mission, I don't think so.

@BaylessBoys 11 ай бұрын

Your math is wrong… sorry for ya

@customsolutions7167 10 ай бұрын

@@BaylessBoys yep way off lol...😂

@sat_lok_ 7 ай бұрын

25 g’s a year

@tonytran2023 10 ай бұрын

Enough is not enough

@fortuneltd3591 6 ай бұрын

I am at $750k liquid@30 age and think $1mn with 15% Annual Return off equity is good which is not difficult from emerging market like India. Good thing I don't have kid so all big spends go on travel and yes I dint give money to my brother in law- True story😂

@meibing4912 10 ай бұрын

The crap part is very accurate- stocks are your friend. Why go anywhere else. Even Buffet has said he had made more money (even more) if he had only invested in stocks…

@JohnCash001 5 ай бұрын

and I was feeling like my 4.2mil USD wasn't enough hahaha

@buddyrevell511 6 ай бұрын

Property tax, inflation, and never-ending car expenses walk into a bar...

@amsd1231 6 ай бұрын

You equity investments are inflation hedged. Property taxes and car expenses are lifestyle choices.

@simonramirez243 9 ай бұрын

I would life pretty comfortably from here on out if I figured out how to acquire 300 to 500k

@CaptainBenjamins 7 ай бұрын

Invest 15% of your income into Amazon stock

@kingstilletto 11 ай бұрын

He tells it like it is what do you want.

@arturosandoval 11 ай бұрын

Ftx ! King😂

@imrannassir3613 10 ай бұрын

I found myself wealthy when my earnings are without exposing the poor and needy from interest

@Jayjewelerofficial 10 ай бұрын

You need about 1.2 M to live off 50k a year after taxes

@ericliu2628 11 ай бұрын

I presume this includes paying off your mortgage already?

@FirstBornLeader 7 ай бұрын

📝 gat it .

@vitaluka 7 ай бұрын

Literally my goal for retirement is 500k. I can live a very comfortable lifestyle with that but of course I’d have a net worth of a lot more to also live for free, and not have to use the earnings on rent/mortgages or a car - it’s just food and lifestyle

@MikeHunt-eb4kr 10 ай бұрын

Land off grid and 20k, you can do anything

@onlythebest3311 11 ай бұрын

What about ftx? Should I invest or put money in ftx mr wonderful?

@octoberfox3399 5 ай бұрын

If we were talking about 500k USD, I could believe that at least enough for a single person, probably not a family. I do believe we are somewhere along the lines of a bear market. So it is a great time for buying up those stocks, which is why what Kevin states is so important.

@CaptainBenjamins 7 ай бұрын

2.5 million that is your goal folks

@Sonny2022 9 ай бұрын

Interesting Question I think for Someone to be Wealthy, I would say One Should have Greater Access to Currency Purchaseing Power 100 x Greater then Borrowing Currency Business loans Borrowing Power

@wandererbard8993 10 ай бұрын

0k is all I would need. Put it into dividend stocks and live off that. Approx 1200 per month. Stay at home and play video games or write a book for extra money.

@Doberman_Rockyy 6 ай бұрын

5% is 25K a year…you can’t even buy water for the entire year. You’ll die of thirst under a bridge

@user-sl3lz7ug1n 6 ай бұрын

Half a mill 5 percent a year is only 2k. After rent and food your done and depends where you live

@WilsonSilvaPT23 6 ай бұрын

Just put the 500k in the S&P 500 etfs and thats it, 10% 11% return a year

@markdavis2025 7 ай бұрын

Where is the full interview of this

@effyourjeweler4277 6 ай бұрын

D I A M O N D 💎 J E W E L E R support your boy DECENTRALIZED DIAMONDS

@fatstar111 10 ай бұрын

Between the cushy benefit system and cash in hand work, I make about £1k/week tax free and have only to pay for internet and food and energy. I work a total of 20 hours a week. The rest of my time and my momey is for leisure. I get a brand new car every 3 years and free insurance/repairs/tyres. I would say I'm very comfortable. Saving about £1200 a month which adds up so quick when you don't have bills. In Thailand right now. 5 week long holiday and I'll easily have £15k saved for next year, 90 days in Thailand

@DavidGonzalez-et2ce 6 ай бұрын

Repent and believe in the gospel of Jesus Christ ❤️✝️

@philipsmart3895 6 ай бұрын

I was with him until I saw the trousers. He spent money on those trousers. His wife didn't give them to him for his birthday. $$$ 😂

@kathyh.7709 7 ай бұрын

The less you can learn to need, the more happiness you will begin to find. Especially in the dark time ahead.

@cxa011500 6 ай бұрын

A million.

@TheFire1202 10 ай бұрын

Mr. Wonderful we are going to meet one day and shake hands. I promise you around that time you will know who I am. You give incredible advice. How do you feel about Laundromats in NYC, profitable?

@ginacardarella 10 ай бұрын

I've always wanted to own a laundry Mat near apartment building. Except a lot of the newer ones now have them higher end apts

@cryptoinvestoragency 10 ай бұрын

1 million and I will finally rest at ease please make my dreams come true kevin

@allshoulders9624 10 ай бұрын

Hahahahahahaha

@garyflores1044 6 ай бұрын

Best wishes Investors but please Don't forget to pay your taxes. This money is so important to inner-schools, social services, low income housing, and programs which uplift our youth. Seriously, when you don't pay it hurts our economy. "rinse & repeat."

@YT_Watchers 7 ай бұрын

5% of 500k is 25k - Kevin, no one is living on 25k/yr. At the very least should be 10%, but yes I agree. Depends on lifestyle and ambitions

@Steph1 4 ай бұрын

You might make 5% on that, but then you gotta pay tax on that so you make 3%. Then you gotta account for inflation and voila: you’re eating up the money and this idea doesn’t last very long

@Aleks25482 7 ай бұрын

I like this man more than any other mentor, he is very popular and clear

@marcoleti614 7 ай бұрын

And greedy

@MasterRichStocksOptions 7 ай бұрын

😎I put money in stock options to 2x while traveling around the world full time.

@MasterRichStocksOptions 7 ай бұрын

Early Retirement is fun.

@taxguybri 8 ай бұрын

What decade is he living in where 25k is a good amount to live comfortably on… I guess the key word there is survive…

@wetrock2766 10 ай бұрын

You have to realise that you can't take with you. The trick with money is to make enough to sustain yourself when you reach a point you can't work and spend to have just enough money left to bury you.

@tonyadams8812 10 ай бұрын

👍👍👍👍

@frankyu6984 7 ай бұрын

Underrated idea.

@lisandrob626 7 ай бұрын

This

@seangooley8696 7 ай бұрын

You didn't actually answer the question.

@arthurwoolsey7499 6 ай бұрын

You have the Midas touch O'Leary, I would love to give you my small amount of money to invest.

@vitkomusic6624 6 ай бұрын

You will definetelly won't loose money if you open a bar.

@anthonymonk2344 11 ай бұрын

Love Kevin but the bar biz has been good to me, in fact, my best investment yet. It’s a high risk play of course, but if you know what you’re doing it can make you money.

@jumbothompson 7 ай бұрын

If you know what you're doing is the key. Most people don't. Its a very high risk play. There's a new fancy bar that opened near my place. Its freaking empty while the dive bar a few blocks down is always packed.

@anthonymonk2344 7 ай бұрын

@@jumbothompson dive bars are the best

@yiyi-py3ew 9 ай бұрын

I recommend that investors carefully evaluate the company's financial position and competitive advantages before considering investing in this stock."

@jerryturner7123 7 ай бұрын

Being wealthy is being content

@bobdole7292 6 ай бұрын

How does this make sense ? 5% of 500k is 25k You can live off 25k? Maybe if you get some super cheap apartment and have very few bills while being extremely frugal and thrifty. If you have a family or kid definitely not

@YingDat 10 ай бұрын

Couldn’t do that shit in the U.K. lol

@QuestForGood 5 ай бұрын

True😢

@aceofinvesting 11 ай бұрын

80/20

@mr.worldfree3333 11 ай бұрын

If you are debt free and living in Belize or Brazil or retire in Vietnam then you might be ok.

@timcheou5649 10 ай бұрын

If you cook, drive 20 years old car use cheapest oil, have worse rent home, second hand clothe evryhting, yes 500k enough, no kid no gf and off grid. Yes

@fourgivedyakopu6840 7 ай бұрын

Good question from Young man born with diamond spoon

@jerrydegennaro273 7 ай бұрын

I need just enough to breathe I'm one of the foolish people who actually enjoys working having a purpose in life.👍👍

@samsaldate5828 6 ай бұрын

I want to retire, and buy a house, and still live off 60k a year. Probably take alot more than a half million dollars to get that.

@dashdg9551 8 ай бұрын

Or FTX

@kato13083 10 ай бұрын

10k a month after taxes assuming you're saving at least 3-4k a month of that and have reasonable mortgage car payment, with little or no other debt. That would be comfortable in today's econ, but also can't go buying designer everything and 5k vacay.

@coniferous4637 9 ай бұрын

Dang some people feel like they need 300k+ to be happy 🙄 it’s kinda frustrating TBH haha

@bucketrance 10 ай бұрын

5% is only 25k/yr

@iREZARECTEM 10 ай бұрын

It’s 32K/yr if spread over 30 years. It’s 50k/yr if spread over 14 years.

@networth00 9 ай бұрын

@@iREZARECTEM But you have to spend the 5% in order to live.

@iREZARECTEM 9 ай бұрын

@@networth00that’s true, but I’m talking about an annuity payment spread out over 30 years. I’m trying to explain that 5% is not simply 25k/yr, because it depends on the payout structure.

@antiquarian1773 7 ай бұрын

@@iREZARECTEM5% from interest aka High yields savings account. Not spending the 500k.

@CaptainBenjamins 7 ай бұрын

That’s forever though

@oguzoguz4686 10 ай бұрын

For me as long as you are mortage free or rent free. You are good to go.

@Zuko69420 10 ай бұрын

1 million tamagotchis in my vault

@alessandroferri3233 10 ай бұрын

You can't save 500k working for someone . Employers control what u make

@Africanama 9 ай бұрын

You can but don’t have kids for a while.

@niccolom 9 ай бұрын

Uh no... You can choose your employer too. But of course, that assumes you have skills that people would pay good money for. Plenty of people make 500k PER YEAR working for someone.