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interests / misc.consumers.frugal-living / Re: How Much Principal Do I Need To Live Off Passive Income

How Much Principal Do I Need To Live Off Passive Income

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Subject: How Much Principal Do I Need To Live Off Passive Income
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by: Beaver Fever - Mon, 4 Sep 2023 16:04 UTC

Re: How Much Principal Do I Need To Live Off Passive Income

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From: dka...@mail.com (Dennis Kane)
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Subject: Re: How Much Principal Do I Need To Live Off Passive Income
Date: Mon, 4 Sep 2023 09:51:45 -0700
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by: Dennis Kane - Mon, 4 Sep 2023 16:51 UTC

Re: How Much Principal Do I Need To Live Off Passive Income

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Subject: Re: How Much Principal Do I Need To Live Off Passive Income
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by: Beaver Fever - Tue, 5 Sep 2023 00:09 UTC

On Monday, September 4, 2023 at 9:51:51 AM UTC-7, Dennis Kane wrote:
> On 9/4/2023 9:04 AM, Beaver Fever wrote:
> > anybody know
>
> Obviously, that all depends on your standard of living. So, without any
> other information from you, no.

As frugal as possible. Super low living expenses.

But I also need to figure out a health care strategy. The odometer turns over in a few weeks and the perfect health, never gonna get sick attitude ain't gonna fly much longer. The I'm too poor to care for my health so better to spend money on self indulgence than health insurance didn't work out like I thought either (I was briefly high earner). Surprised I rode this far without even getting hurt.

Re: How Much Principal Do I Need To Live Off Passive Income

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Subject: Re: How Much Principal Do I Need To Live Off Passive Income
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by: Lenona - Tue, 5 Sep 2023 20:19 UTC

That reminds me of this very old Peter Arno cartoon, from The New Yorker:

https://attemptedbloggery.blogspot.com/2023/04/charles-addams-sam-cobean-and-syd-hoff.html

To see it, scroll down halfway, just after the green plate and the blue plate.

Re: How Much Principal Do I Need To Live Off Passive Income

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From: and...@turnquist.name.invalid (Andrew T.)
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Subject: Re: How Much Principal Do I Need To Live Off Passive Income
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by: Andrew T. - Fri, 8 Sep 2023 01:00 UTC

On 2023-09-04, Beaver Fever <Beaver_Fever@live.com> wrote:
> anybody know

I would use 20 times the desired income as a starting figure.

That would assume you could make at least a 5% annual return on
investments, which is probably pretty conservative. I've seen CDs lately
for 4.7% APR/APY. A higher ROI would mean less principal needed, but
likely would come with greater risk.

--Andrew

--
Andrew T., Short Tract, New York, USA (USDA Zone 5)
.... wandering the streets of Usenet ...
(Remove numbers and .invalid for email address)
"Do what you can with what you have where you are." -T Roosevelt

Re: How Much Principal Do I Need To Live Off Passive Income

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by: Beaver Fever - Mon, 11 Sep 2023 23:57 UTC

On Thursday, September 7, 2023 at 6:00:06 PM UTC-7, Andrew T. wrote:
> On 2023-09-04, Beaver Fever <Beaver...@live.com> wrote:
> > anybody know
>
> I would use 20 times the desired income as a starting figure.
>
> That would assume you could make at least a 5% annual return on
> investments, which is probably pretty conservative. I've seen CDs lately
> for 4.7% APR/APY. A higher ROI would mean less principal needed, but
> likely would come with greater risk.
>
> --Andrew
>
> --
> Andrew T., Short Tract, New York, USA (USDA Zone 5)
> ... wandering the streets of Usenet ...
> (Remove numbers and .invalid for email address)
> "Do what you can with what you have where you are." -T Roosevelt

I have been just buying CD's because I cannot even comprehend any of this. I'll at least manage 25k in a year which is more than I could manage the last McJob.

Subject	Author
How Much Principal Do I Need To Live Off Passive Income	Beaver Fever
Re: How Much Principal Do I Need To Live Off Passive Income	Dennis Kane
Re: How Much Principal Do I Need To Live Off Passive Income	Beaver Fever
Re: How Much Principal Do I Need To Live Off Passive Income	Lenona
Re: How Much Principal Do I Need To Live Off Passive Income	Andrew T.
Re: How Much Principal Do I Need To Live Off Passive Income	Beaver Fever