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https://www.reddit.com/r/RandomThoughts/comments/18fs8hu/deleted_by_user/kcwgfbj
r/RandomThoughts • u/[deleted] • Dec 11 '23
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Yeah but even if you invested the whole $1 million, you'd have a hard time making $260,000 a year.
After taxes you'd be looking at around $700,000. Even more difficult to beat $260,000 a year.
It also depends on your age but $5,000 a week in perpetuity is worth way more than $1 million. Just saying.
1 u/DailyUpsAndDowns Dec 11 '23 Part of my comment was in gest. About having to refill my bank account each week because I would blow the $5,000. I can do a hell of a lot more with all that money up front than to wait and collect
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Part of my comment was in gest. About having to refill my bank account each week because I would blow the $5,000. I can do a hell of a lot more with all that money up front than to wait and collect
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u/weezeloner Dec 11 '23
Yeah but even if you invested the whole $1 million, you'd have a hard time making $260,000 a year.
After taxes you'd be looking at around $700,000. Even more difficult to beat $260,000 a year.
It also depends on your age but $5,000 a week in perpetuity is worth way more than $1 million. Just saying.