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Jan 11, 2021
3:27
:07
pm
byujag
All-American
travel, toys, cars, golf, kids/grandkids, vacation homes, etc. that money would go too fast
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byujag
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byujag
Joined
Jun 20, 2005
Last login
May 3, 2024
Total posts
23,556 (665 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.
All-American
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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