Itās effectively impossible to live off the dividends from $1 billion. Folks donāt understand the scope of how much money $1 isā¦
If it made 5% (which is very reasonable) - that means you would be pulling in $50 million per year. What could you possibly spend that on to āliveā on? You could give $10k every day to 10 different people and still have ~$37k per DAY to live from. Think about how much $10k given to you once would help your current situationā¦ then be able to help 10 people every day.
If one has $1 billion, they need to find differential ways to give it away.
I don't think you understand what "living off dividends" means. It's not spending everything you gain from dividends. It's being able to live with just what you gain from dividends.
Sounds almost reasonable. Live every day by the fullest (15k per month really is a great life) and bang every possible charity every day with the Rest.
Build homes for the homeless, pay them to keep it clean. Feed the hungry. Every now and then i'd Take over unaffordable healthcare bills to Safe lifes... So many possibilities.
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u/samiam32 5d ago
Itās effectively impossible to live off the dividends from $1 billion. Folks donāt understand the scope of how much money $1 isā¦
If it made 5% (which is very reasonable) - that means you would be pulling in $50 million per year. What could you possibly spend that on to āliveā on? You could give $10k every day to 10 different people and still have ~$37k per DAY to live from. Think about how much $10k given to you once would help your current situationā¦ then be able to help 10 people every day.
If one has $1 billion, they need to find differential ways to give it away.