If you inherit let's say $1 million, can't you basically

>>1839847
What bank is going to pay you 10%? You have to risk potentially losing your money to make 10%.
What if you invested your 1 million into stocks in 2007? Then you would've lost a significant portion of your starting capital. You could possibly be down to $500,000 or less and earning very minor dividends, maybe 5% if you're lucky.

You're also not accounting for taxes.

So yeah it's a nice way to go, but not foolproof. basing 100% of your income on $1 mil isn't great unless you have a lot saved up to get you through downturns.

>>1839847
you would be better off with 1mil in debt :^)

t. bobert kiyosuke

>>1839858
Alright then let's say it's more reasonably 2% or something, you still get practically a free $20,000 on top of your current salary every year. That's like, free groceries forever. Investing is awesome dude

>>1839847
10% interest from a bank account isn't realistic. You'd be lucky to find a place giving 2% interest.

And then you have depreciation, which basically makes the interest null as far as taking it for a salary goes.

>>1839871
this, fiat currency isn't an asset

>>1839869
>Have $1 million
>Keep it in a 2% annual interest savings account earning only $20k
>$20k a year
>$20k a year from $1 million
>Barely outpacing depreciation

If you can't use $1 million to outpace 2% annual interest through your own investments then there is no future for you.

>>1839869
>the current inflation rate is 1.5% for the previous 12 months
gotta be able to beat inflation by a more comfortable margin my dude. and again it's not a free $20,000, it's subject to income tax. so maybe you'll get like $14,000 which is less than inflation on $1 mil.

Take your 1 million and buy property, that's what everyone who doesn't give a shit about stocks do, and works fairly well assuming you're not retarded and buy a couple good properties, plus you beat depreciation and inflation because assuming you bought in a good area house prices are always on the rise, same with rent

>>1839858
The market always rebounds

cash flow options
-rental property
-REITs
-bonds
-bond ladders
-bond etfs
-munis (tax free)
-ETFs/Equities/Indexes
-TIAA CREF vehicles

FFS do your own hw you mong

>>1839847
>This seems too easy to be true.

It is easy, but How often do you inherit one million though?

I'd buy 5 apartments for 200k each and then rent them out and live on the rental money in Asia.

>>1839924

Tell that to the Japanese.