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Re:Ask HN: Why are we addicted to getting rich? by conwy on Thursday February 08, 2018 @08:03PM (#16337049)
Yep, I have the same goal. If/when I manage to get to $600k (~12k p/year assuming 2% yield) I'll take 3 months totally off work of any kind, just recuperating, then another 3 months to plan out the rest of my life.
Re:Ask HN: Why are we addicted to getting rich? by nickthemagicman on Thursday February 08, 2018 @08:07PM (#16337068)
Isn't inflation 3% a year?
Re:Ask HN: Why are we addicted to getting rich? by conwy on Thursday February 08, 2018 @08:17PM (#16337113)
Don't depress me please :(
Re:Ask HN: Why are we addicted to getting rich? by sl8r000 on Thursday February 08, 2018 @08:52PM (#16337272)
I still think 2% cash yield is reasonable. Say 5% gross, 2% to inflation, and 1% (1/3 of the remainder) to taxes. Leaves 2% to spend.
Re:Ask HN: Why are we addicted to getting rich? by lorenzq on Thursday February 08, 2018 @08:53PM (#16337273)
Why would you only have 2% yield?