Doesn’t diminish the underlying asset, by stop I mean stop w/regular “day-job”

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Jan 11, 2021
3:10:38pm

BYUfan92 All-American

Doesn’t diminish the underlying asset, by stop I mean stop w/regular “day-job”

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BYUfan92

Previous username: BlueMan
Bio page: BYUfan92
Joined: Jul 17, 2002
Last login: May 4, 2024
Total posts: 35,267 (410 FO)

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Messages

Author

Time

How much passive monthly cash flow would it take for you to stop working?

BYUfan92

1/11/21 3:02pm

define "stop working" no cash flow is truly passive that won't take effort

molodyets

1/11/21 3:03pm

Sure there is, stick your money in the right equities/bonds mix for your age and

OnEMoReTrY

1/11/21 3:09pm

Doesn’t diminish the underlying asset, by stop I mean stop w/regular “day-job”

BYUfan92

1/11/21 3:10pm

The underlying asset doesn't diminish, average market returns are 8-9%. If the

OnEMoReTrY

1/11/21 3:12pm

Exactly

BYUfan92

1/11/21 3:13pm

How safe is it? Assuming for life?

TarCoug

1/11/21 3:03pm

7500 after tax

JohnnyC

1/11/21 3:04pm

Is it something that will continue for most of your life, or is it just a few

cougaman

1/11/21 3:04pm

Continuing

BYUfan92

1/11/21 3:12pm

Probably 12-15 K right now then. I can live off , less than that but with

cougaman

1/11/21 3:40pm

5 K if the wife keeps working. 7-8 K if she gets to quit too.

Ycrazy

1/11/21 3:07pm

Absolutely. That would be the dream. TNT doesn't work and the wife does

TNT

1/11/21 3:07pm

It is the dream. Imagine all your days free of "help" deciding what you want

Ycrazy

1/11/21 3:13pm

I don’t think I ever want to stop working. I guess I enjoy what I do

hansel

1/11/21 3:09pm

$30-40K/mo. If I'm going to stop working at my age, I'll need a lot of cash to have things to keep me busy

byujag

1/11/21 3:14pm

What would you spend $1k+ per day on?

silent_t

1/11/21 3:24pm

travel, toys, cars, golf, kids/grandkids, vacation homes, etc. that money would go too fast

byujag

1/11/21 3:27pm

Mods won't let me say.

1/11/21 3:42pm

$20,000 per month after tax

Lakerone

1/11/21 3:19pm

$30k since i like what I am doing, but that would drop to $10k if I hated it

rotorhead

1/11/21 3:20pm

Seems like this should be a poll, but my answer is $20k

Gente_Boa

1/11/21 3:27pm

Id always keep at least a part time gig

South_A

1/11/21 3:28pm

$35-45k annually so $3-4k monthly

BYUFootballisBack

1/11/21 4:32pm

Is this in addition to what I already have or total passive cash flow?

BYUFootballisBack

1/11/21 4:34pm

We currently live on about $50k annually, so $4k per month would do it

RUNBYU1

1/11/21 5:08pm

RE: How much passive monthly cash flow would it take for you to stop working?

85fan

1/11/21 7:05pm

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