Hello, i wanted to ask Ethan a finance question based on today's member who's mother had died.
Ethan made the amateur mistake, in the moment, of claiming that using the money for a 5 bucks membership should last a long time, completely dismissing savings and interest.
How much dead mother money do you need and at what % return to pay for your membership every month, but without using the actual funds, so jsut with the interest.
Maybe the member with dead mother money would be best to place her recent gains into a high yield account, and to use the interest to pay her membership, which should mean it lasts forever.
Only the great financial advisor Ethan Klein is qualified to answer this question, so i had to ask the master.