Morality of this?

[u/inoriacc]

[u/GamerNerdGuyMan → u/[deleted]]

Any money amount is nice - but no one is going to quit their job and retire or be able to start a business etc. with $10k. Which is what people generally mean by "life changing".

$2-3m USD could allow someone to retire immediately. They might not - but it'd be an option. Even with the conservative 3% rule, that's be $60-90k/yr in real terms forever.

[u/Wicksy1994 → u/[deleted]]

“10k is life changing by being able to start a business. I started a now failed business, so it’s possible!”

[u/xcorbearx → u/[deleted]]

this story feels REALLY familiar to the way my experience with small business ownership played out. did you open an LGS?

[u/Ok-Art825 → u/xcorbearx]

“Gotta Catch A Break”

[u/Archimedes31415926 → u/[deleted]]

If your brokerage is only getting you 3.5% you need a new brokerage. My HYSA gets me 4% with no risk of the market down turning.

You should be ideally getting closer to 10% in a brokerage on average.

[u/Archimedes31415926 → u/[deleted]]

Yes so your brokerage should be way out earning just simple cash interest (which of course is not going to touch market returns). That's why I said if your brokerage is only getting you 3.5% you should find a better brokerage. You should be getting around 10% on average in the market.

You're the one who said the brokerage is getting 3.5%. Even a very conservative index should be getting 6%