Realistically speaking, how much do I need in liquid assets to

>>1544058
If you start with 8500 bucks and increase by 50% every month youll have a million dollars and some change by the end of the year.

>>1544077
nice meme

Can't you do this simple math?

I guess we need people to dig ditches too...

>>1544106
What math? I don't even know what you're talking about.

>>1544077
you live up to your trip

>>1544058

you can bank on 10% a year, could be more, could be less, but over time I would say that is a conservative estimate without being too pessimistic.

That means you need 10M in diversified investments to make 1M a year in passive income.

>>1544126
>you can bank on 10% a year
How?

>>1544058
X * stableReturn% = passive income

Most people would say 4% is a safe withdrawal rate. Now fill in passive income (1M) and solve for x.

x = 1M / .04 = 25M

>>1544126
>you can bank on 10% a year
4% - 6% ... 10% is way optimistic

I would calculate with 4%, thus I think a good nest egg for me would be $3mil or 10k a month.

>>1544500
I'd say 4% is optimistic.

>>1544077
So cryptocurrencies then

>>1544058
If you have to ask this question, I wouldn't count on ever achieving that goal.

>If a million dollars aren't realistic then what's the highest amount possible?

Literally, what is that even supposed to mean? Any amount may or may not be realistic, it depends how much assets you have.

>>1544117
I'm talking simple grade school percentages

>>1544077
kek