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At your current rate of spending, for how long could you survive without income? (feddit.uk)
submitted 1 year ago by to c/asklemmy@lemmy.world
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If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.

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[–] 2 points 1 year ago

Buy into a broad market tracking ETF (something that tracks s&P 500 or 1000 or similar). That way you're not betting on individual companies, your betting on the collective largest companies in the world doing well. Over a long period of time, which for over a century has averaged ~7% inflation adjusted return yearly.

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