a thoughtful web.
Good ideas and conversation. No ads, no tracking.   Login or Take a Tour!
comment
thenewgreen  ·  1810 days ago  ·  link  ·    ·  parent  ·  post: Hubski, what is your ideal for personal wealth?

After tax, $1m turns in to $700k. Let’s say you can get 8% a year returns from it. That’s $56k a year. So, if you don’t want to diminish your wealth, you have to live on $56k a year. Not shabby if you’re a single person, but also not terribly lavish.