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Jun 16, 2021
2:56
:09
pm
mvtoro
Scrub
You have no other investments? Yeah, you probably shouldn’t start trying to invest now. If you think you could do
reasonably well, take the money.
Especially with the likelihood for increased inflation.
Actually, considering inflation, take the lump sum and figure investments out.
This message has been modified
Originally posted on Jun 16, 2021 at 2:56:09pm
Message modified by mvtoro on Jun 16, 2021 at 3:05:14pm
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mvtoro
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mvtoro
Joined
Nov 28, 2006
Last login
Jun 16, 2024
Total posts
11,872 (765 FO)
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Messages
Author
Time
Stop and take in the amazing financial advice from “Side Hustle King”
cheezedawg
medium
6/16/21 10:08am
Has to be a joke right?
RalphWiggam
6/16/21 10:12am
Nope.
No touching
6/16/21 10:14am
He claims further down it was a typo. But then he never clarifies how much he
BYUHawk
6/16/21 10:14am
It would have to be $5000 a month I guess, cause $500 wouldn't be enough
BYUFootballisBack
6/16/21 10:26am
And I wonder if he even considered NPV
Nat Gas Man
6/16/21 11:00am
Based on the tweet I'm not sure he knows what that is.
TailgateU
6/17/21 8:13am
I’m, I wouldn’t take that bet and I have several sources of passive income
Nat Gas Man
6/16/21 10:15am
RE: Stop and take in the amazing financial advice from “Side Hustle
ReyOso
6/16/21 10:16am
Starts making sense at about $5,000 a month
Heath Squashwell
6/16/21 10:22am
But, that is only 6% return. I'll take the $1MM
hitechcpa
6/16/21 10:32am
But but its passive income, stop thinking small, big picture!
BYUFootballisBack
6/16/21 10:36am
Risk-free 6% worth your consideration
Heath Squashwell
6/16/21 11:14am
But you’re also down the $1 million in principle. Lump sum is principle PLUS interest going forward.
mvtoro
6/16/21 2:07pm
How does ~50%+ to tithing and taxes right off the bat effect that though?
BYUFootballisBack
6/16/21 2:11pm
Well I can assume top bracket 37% for the $1million. But taxes and tithing will apply to your $5000 too. What is your
mvtoro
6/16/21 2:42pm
If I have $5000/month for the rest of my life guaranteed, I'm retiring no other
BYUFootballisBack
6/16/21 2:50pm
You have no other investments? Yeah, you probably shouldn’t start trying to invest now. If you think you could do
mvtoro
6/16/21 2:56pm
I just meant I wouldn't have a job with income, my other investments wouldn't
BYUFootballisBack
6/16/21 3:27pm
And I dont know how old you are, but with potential inflation, $50,000/year is not going to cut it in the future even if
mvtoro
6/16/21 3:02pm
Tithing yes, but I'll hide from tax
hitechcpa
6/16/21 6:14pm
I mean, a “side hustle”, by definition, isn’t passive income. So I guess we shouldn’t expect side hustle king to know
mvtoro
6/16/21 12:40pm
I love the math geniuses who double down on his typo.
Sandstone Cougar
6/17/21 12:10pm
Second guy was 100% trolling, he's pretty successful startup founder/investor
BYUFootballisBack
6/17/21 12:26pm
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