$1,000,000 post-tax is a 400-500K home paid off in cash + an annual return of ~$30K/yr on an average 7% return from the S&P500.
Pop that in a savings account at 4.5% interest and you're collecting an extra 2K/yr from that just sitting there, or put it in the stock market for potential additional gains @ an average 8% return, plus the residual value of your home appreciating.
Also, before we jump to the "where da frick is a home 400K" (average US home, homosexual), you use that as your primary home for 5-10yrs as it appreciates in value and interest rates on mortgages decline, meaning your house gains additional value.
Then in 5-10yrs you've netted an additional 150-350K in S&P500 residuals, you sell the house, put the gains into a nicer house if that's your goal, and either use residual income $ to not have a mortgage or get a mortgage and only use some residuals to bring down the monthly payment while reinvesting the rest, while continuing to net 30K/yr or more in free money
I need $6m and if I take a wife then it's $12m. I think about this whole scam-ass bullshit market all the time. Maybe I could take $25-50k and run off to some country with a low cost of living and frick around until I die. Frick I hate this planet
$1 million will provide a $90k yearly income when invested in a BDC stock like ARCC. BDCs have paid out consistent dividends for years even in bad times.
not having 1 million dollars is literally less than nothing
So give me your fricking million you rich frick, you dont lose nothing and i get nothing, so we both dont lose, which is a win, homosexual
sad but true
it is if you live a blockchain lifestyle
1BTC = 1BTC
its getting sad
100 acres.
$1,000,000 = $1,000,000
$1,000,000 post-tax is a 400-500K home paid off in cash + an annual return of ~$30K/yr on an average 7% return from the S&P500.
Pop that in a savings account at 4.5% interest and you're collecting an extra 2K/yr from that just sitting there, or put it in the stock market for potential additional gains @ an average 8% return, plus the residual value of your home appreciating.
Also, before we jump to the "where da frick is a home 400K" (average US home, homosexual), you use that as your primary home for 5-10yrs as it appreciates in value and interest rates on mortgages decline, meaning your house gains additional value.
Then in 5-10yrs you've netted an additional 150-350K in S&P500 residuals, you sell the house, put the gains into a nicer house if that's your goal, and either use residual income $ to not have a mortgage or get a mortgage and only use some residuals to bring down the monthly payment while reinvesting the rest, while continuing to net 30K/yr or more in free money
>put the gains into a nicer house
by then the nicer house also costs more, you genius
if you spend more than 3% yearly from your sp500 bag you risk consooming the capital
interest rates will go down confirming a market crash recession
>home paid off
don't forget to pay your property tax every year indefinitely, goy.
bot thread
$1m in 2024 dollars is $224k in 2000 dollars, objectively not nothing but not a lot.
I know what you're trying to do
I need $6m and if I take a wife then it's $12m. I think about this whole scam-ass bullshit market all the time. Maybe I could take $25-50k and run off to some country with a low cost of living and frick around until I die. Frick I hate this planet
>I need $6m and if I take a wife then it's $12m.
Cant tell if bait or legit moronic
$1 million will provide a $90k yearly income when invested in a BDC stock like ARCC. BDCs have paid out consistent dividends for years even in bad times.
what are these acronyms?
BDC = Business Development Company. They loan money to businesses at higher interest rates than the big banks. ARCC is one of the most prominent BDCs.
Until they have a bad year and you lose your investment
soon 1 trillion will be literally nothing
No, not literally. You mean figuratively worth nothing, which it isn't, not to you nor to any human being you know
Then give me a million dollars gayet
not having 1 million dollars is literally less than nothing
So give me your fricking million you rich frick, you dont lose nothing and i get nothing, so we both dont lose, which is a win, homosexual
even 2 million might last me 3 years if buying a house
>Noooo I want to buy mansion in new york!!!!
I have $2.4m in stocks, is it over?
are you me?
how much did you make in dividends last year fren?
that's not what literally means
it is if you don't do shit with it
even with only 3k you can start taking advantage of any shitcoin like israelitePETER, dogshit, etc
just move on
1 million dollars is a lot of money.
real
fact
Frick off frogposter
opportunities begin at 7 figures
wealth begins at 8 figures
power begins at 9 figures
one million dollars is literally something