- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What minimum amount of money would you accept to never earn income again?
Posted on 10/16/16 at 6:33 am to Tarik One
Posted on 10/16/16 at 6:33 am to Tarik One
If interest income counts as income in this scenario then it would have to be in the range of 25-30 million.
If we are allowed to earn interest as part of this, I think 5-8 million is the number.
If we are allowed to earn interest as part of this, I think 5-8 million is the number.
1
Posted on 10/16/16 at 7:47 am to Tarik One
I would at least put it in the bank, so I would accrue interest income.
To never earn wages or compensation for labor/services?
15 million
To never earn wages or compensation for labor/services?
15 million
This post was edited on 10/16/16 at 7:54 am
Posted on 10/16/16 at 7:57 am to Tarik One
5 million
Posted on 10/16/16 at 8:00 am to DawgGONIT
quote:
But oh yeah, the biggest problem is property tax, as no one really owns their land. Thank you Bush! .
Bush?
Posted on 10/16/16 at 8:41 am to Ripley
quote:5% gets you $50k a year, before taxes come out.
1 mil easily with the right investment decisions made
Posted on 10/16/16 at 8:50 am to Tarik One
20 million and I'd quit my job today. Gotta remember your self funded medical coverage would skyrocket due to Obama care.
Posted on 10/16/16 at 8:53 am to LSU-MNCBABY
quote:
If interest income counts as income in this scenario then it would have to be in the range of 25-30 million.
That's a yuuuuuge distinction. If you have to live off the principal the amount is much, much higher.
Posted on 10/16/16 at 8:57 am to Tarik One
This before or after tax? I'd want 8 figures post tax to never earn another dime
Posted on 10/16/16 at 9:21 am to Tarik One
50 million
Posted on 10/16/16 at 9:43 am to Tarik One
If I were guaranteed to keep the same life style I have now for the rest of my life, I could part ways with work for about $5 million after tax minimum.
Adjust that for whatever the future value of the dollar is 35 years down the road.
Adjust that for whatever the future value of the dollar is 35 years down the road.
This post was edited on 10/16/16 at 9:45 am
Posted on 10/16/16 at 11:19 am to Tarik One
Somewhere between 3 and 5 million. That way I could put it in a security and live off the interest.
Posted on 10/16/16 at 11:26 am to Bestbank Tiger
quote:
That's a yuuuuuge distinction. If you have to live off the principal the amount is much, much higher.
10 million drawn out at 200K per year would last 50 years, the average person starting to work today will not realize that income level in their lifetime.
Posted on 10/16/16 at 11:30 am to Tarik One
After doing some rough calculations, the ballpark number I've come up with is:
$8,247,392.01.
$8,247,392.01.
Posted on 10/16/16 at 11:51 am to Tarik One
No interest earned?
If so $6,000,000
If so $6,000,000
Posted on 10/16/16 at 11:53 am to Tarik One
It's around $3-5M. With that you can earn a return along with a small amount of principle spent each year. I would target having the whole lump spent before I die at 75. If I make 70 then may need to add five years to the plan. Screw leaving any inheritance
Posted on 10/16/16 at 1:13 pm to 75503Tiger
None, I love working, a life of leisure is a boring and unfulfilling one.
Posted on 10/16/16 at 2:02 pm to Tarik One
1 million
I get to invest and gamble on sure things.
I get to invest and gamble on sure things.
Posted on 10/16/16 at 2:09 pm to Y.A. Tittle
quote:Yeah people like to blame shite on presidents, and why not put the blame on him.
Bush?
Posted on 10/16/16 at 2:39 pm to barry
quote:
None, I love working, a life of leisure is a boring and unfulfilling one.
When I quit working everyone told me that one day I would miss working, 6 years later I am still waiting for that day, my biggest issue is that even with out a job I still don't have enough time.
Posted on 10/16/16 at 2:49 pm to Tarik One
2 million would do it easily. I have 10 years until retirement
Page 2 of 3
Popular
Back to top
Follow TigerDroppings for LSU Football News