Re:Why Aren’t Rich People Happy With the Money They Have?
by ThrowawayR2 on Monday December 10, 2018 @12:57PM
(#18649745)
That passive income does have to carry you through bad economic times as well. What if the rate of return is only 1% or the value of your portfolio drops drastically because of a full-blown economic depression?
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Re:Why Aren’t Rich People Happy With the Money They Have?
by tejohnso on Monday December 10, 2018 @03:33PM
(#18650972)
The 3% is an average. Some years it'll be higher, and that extra income goes into your savings and offsets the bad years. Plus there's the cushion mentioned and that should also be accumulating a larger and larger safety net.