A sobering thought
Sep 27, 2021 23:31:14 #
You might develop an investment portfolio producing a 5 percent annual return on your million dollars. This percentage would give you $50K extra income annually.
That return comes to about $1000 per week. All before taxes, of course.
That return comes to about $1000 per week. All before taxes, of course.
scallihan wrote:
I have a bit less than $1 M net worth, and only income is SS $2k/month. I do not live extravagantly (not in my genes), but I live comfortably - can't complain. Healthy (so far), no mortgage, no car payment, no debt. In Portland! Can't do that in Los Angeles or New York City.
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