@@jrg_lmnop a 20 year old would need to invest $3k a month, every month, for 50 years in order for this to happen by age 70. No 20 year old has an extra $3k lying around to throw into investments
Having multiple income streams that take care of your expenses, is one of the fastest ways to reach financial freedom. I view investing as a cushion for retirement, but I’m trying to work on it not being the only thing I do.
@@jrg_lmnop her video is about how to make Fuck you money, and the title literally says to "not work for a living". You'd have to put away $3k a month for 50 years to save $1.75 mil. If you started at 20, you'd be 70 years old. Thats not "FU" money. Thats called your retirement.
@@Andrew54123 $500 for 41 years. Less if you have an employer match. Learn about compound interest before it’s too late. If you don’t open up your mind, you’ll be closed off to learning.
My number is between 2.5 to 5 mil. 5 mil is the goal. But 2.5 is comfortable. That's 100,000k a year. Which is what my family of 4 is living on right now. We are on track to hit 2.5 in about 20 yrs if we do nothing. We will be 50. But we plan on doing alot to raise that number. So 5 mil is kind of achievable for us by 55-60 with our plan.
$2,625,000 yeahhhhhhhhh not even close to have that. I would need to have $3,720 annual expenses for my current “FU money” to work. I’d rather live in a van down by the river than work to to get that much in investments.
It’s the 4% retirement rule. If I wanted to live off of the salary I currently make (80k) in retirement, then I divide 80,000 by 0.04 to receive $2,000,000. This $2M means I need to have that amount saved to retire as comfortably as I desire. As long as I only use 4% or less of the 2M invested, then the rest will continue to grow and help replenish the funds I live off of. Of course, it’s gonna take a lot of discipline or genius to save $2M for the average person. So this 4% rule is scalable to a moderate income like 30-40k or a luxurious retirement of 100K+
for a $70k annual return you'd need to have $1.75mil INVESTED. Thats not realistic for 99% of people..
No. It’s not. Start investing early. The problem is having the will, not the means.
@@jrg_lmnop a 20 year old would need to invest $3k a month, every month, for 50 years in order for this to happen by age 70. No 20 year old has an extra $3k lying around to throw into investments
Having multiple income streams that take care of your expenses, is one of the fastest ways to reach financial freedom. I view investing as a cushion for retirement, but I’m trying to work on it not being the only thing I do.
@@jrg_lmnop her video is about how to make Fuck you money, and the title literally says to "not work for a living". You'd have to put away $3k a month for 50 years to save $1.75 mil. If you started at 20, you'd be 70 years old. Thats not "FU" money. Thats called your retirement.
@@Andrew54123 $500 for 41 years. Less if you have an employer match. Learn about compound interest before it’s too late. If you don’t open up your mind, you’ll be closed off to learning.
okay but how much would it cost to become the princess of genovia
The stress tho! ☺️👑
More helpful info. Thanks Vivian 🙌🏾
My number is between 2.5 to 5 mil. 5 mil is the goal. But 2.5 is comfortable. That's 100,000k a year. Which is what my family of 4 is living on right now. We are on track to hit 2.5 in about 20 yrs if we do nothing. We will be 50. But we plan on doing alot to raise that number. So 5 mil is kind of achievable for us by 55-60 with our plan.
Same number for me!
You could multiply by 25.insteadnof dividing by .04
Amazing book, should be taught in school!
Thanks you so much BFF
Perfect year: sleep in bed doomscrolling
😅😅😅
😂
100K = $2.5M if y’all are wondering. Yes, move out of California and start a goose farm.
I don't judge him. That would be me.
If your calculation is unreasonable compared to your earnings/income, you final number will BE unattainable.
$2,625,000 yeahhhhhhhhh not even close to have that. I would need to have $3,720 annual expenses for my current “FU money” to work. I’d rather live in a van down by the river than work to to get that much in investments.
Even after being Asian how do you look so beautiful 😉😄
Mine is 410000000
Next question is how do we get that kind of money? I’m 34… and don’t make enough to invest 250,000 a year for 30 years.
You are dreaming big turn into too much BS.
Wait, this doesnt make sense. Live off of 4% of one year's expenses for the rest of your life?
It’s the 4% retirement rule. If I wanted to live off of the salary I currently make (80k) in retirement, then I divide 80,000 by 0.04 to receive $2,000,000.
This $2M means I need to have that amount saved to retire as comfortably as I desire. As long as I only use 4% or less of the 2M invested, then the rest will continue to grow and help replenish the funds I live off of.
Of course, it’s gonna take a lot of discipline or genius to save $2M for the average person. So this 4% rule is scalable to a moderate income like 30-40k or a luxurious retirement of 100K+
I want to move to Cambodia and spend $5 on callgirls.
🤍🤍🤍