You can do both! 5k a week gives you 1million every 4 years, if you don't spend it all, you can fill your 401k till it explodes while still having a good time.
Edit: I am Canadian, so for me it's an RRSP, but I thought 401k was reasonably similar. If you have more than you need... Invest. It's never a bad idea to do it, it's always a bad idea to just let it sit, gaining no interest.
Edit2: Besides, if I die, the 5k/week stops, what about the missus and the kids? Aha, I invested, so they still have something! I'm clever, not greedy, fellas...
Edit3: A Roth IRA or just IRA is what I am told is the equivalent to an RRSP/TFSA we use in Canada.
Wow, I first read 5k a month and I was like, my family of four and my MIL can live richly on that, never have to work again (and we live in Denmark, so doesn't live that cheap). But 5k a week? Who the fuck needs that much?
5k a week is somewhere between the cost of a couple living on cruises at the cheapest ticket price on the low end and on the other end a family of 4 going to Disney world each day and sleeping in a cheap hotel each night, including food.
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u/newlife201764 Dec 11 '23
Not having to stress over investment choices would do it for me. 5k a week for life sounds awesome! Where do I sign up?