978
C.R.E.A.M. (lemmy.world)
submitted 3 weeks ago by to c/memes@lemmy.world
59 comments fedilink hide all child comments
 
you are viewing a single comment's thread
view the rest of the comments
[–] 13 points 3 weeks ago (5 children)

Absolutely, if I had 2 million dollars (which if you ask me isn't that crazy anymore) and put it all into simple things like CD's at 4% for 1 year i would make $150k a year which I could just live off. After all taxes I would still walk away with more than I currently make yearly.

Now how do I get my hands on that? Anyone know anyone?

  • permalink
  • fedilink
  • source
  • hideshow 5 child comments
    •
  • [–] 4 points 3 weeks ago (1 child)

    4% on 2 million is 80k.

    Also, if you’re like between 20-50 years old, there is a good chance just living off the interest generated from 2 million would not get you through your life when you factor in inflation.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 1 child comment
    •