06-09-2020, 02:14 PM
Racer X wrote:
[quote=Acer]
And, $1 million is not enough to set you up for life by a long shot. Living of its investment income at a long-haul 4% it's barely enough to keep you at lower middle class levels. You'll still want your day job.
If you don't have a mortgage payment because your house or condo is paid off, 4K a month is a lot to work with.
4K a month would have me living pretty high on the hog even with my mortgage not paid off. i live on a little less than half of that and i'm feeling pretty comfortable. guess it depends on what one needs to get your creature comforts met.