Re:Show HN: Simple monthly passive income calculator
by ryanSrich on Saturday February 17, 2018 @09:02PM
(#16404005)
And it's not even that "easy". Say you make $1mm from the sale of some stock in a startup. First off, this is incredibly rare. Second, your take home is roughly $600k in the U.S. after federal and state taxes. So even $1mm doesn't get you much. Good luck starting a business with only $600k.
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Re:Show HN: Simple monthly passive income calculator
by toomuchtodo on Saturday February 17, 2018 @09:35PM
(#16404109)
> Good luck starting a business with only $600k.
Some of the most popular, profitable YC startups (even just regular 'ol startups) were started on a fraction of $600k.
Re:Show HN: Simple monthly passive income calculator
by dekervin on Tuesday February 20, 2018 @04:54PM
(#16424577)
There is a school of thought that argues that too much money at the initial stage is actually harmful.
Re:Show HN: Simple monthly passive income calculator
by froindt on Sunday February 18, 2018 @01:02AM
(#16404709)
At 600k you could work a job that covers your expenses only while investing the money, and have ballpark 1.2M in a decade. Another decade could put you around 2.4M. Saving just 10k/year would massively inflate these numbers.
I encourage you to think in terms of percents. The Trinity Study says you'll need about 25x your expenses saved. If you can lower your expenses by 5k/year, you can not only invest that money, but your target also lowered by 125k. That double whammy allows diligent savers to do very well and retire on a much shorter timeline than those spending 95%+ of their paycheck.