Ask HN: I have $1M cash in my bank. How can I stretch it so I can retire?

Re:Ask HN: I have $1M cash in my bank. How can I stretch it ... by devchris10 on Sunday November 29, 2020 @12:25AM (#25243125)

Pay down all debt. Cut down on expenses. Sell most of your possessions. Invest in stocks/crypto. Take a few months rest without any digital obligations and reset your health. Good luck.

[ Parent | on HN ]

Re:Ask HN: I have $1M cash in my bank. How can I stretch it ... by 3327 on Sunday November 29, 2020 @01:02AM (#25243251)

Go join wsb. Yolo on options and make it 5x.

[ Parent | on HN ]

Re:Ask HN: I have $1M cash in my bank. How can I stretch it ... by unethical_ban on Sunday November 29, 2020 @01:19AM (#25243310)

When it comes to someone asking for life advice on HN, let's not play games.

WSB is a terrible idea for someone looking for financial security and next steps.

[ Parent | on HN ]

Re:Ask HN: I have $1M cash in my bank. How can I stretch it ... by giantg2 on Sunday November 29, 2020 @10:52AM (#25245831)

If OP is looking to retire as quickly as possible, this is a method that might work. It's just high risk.

This strategy is my only hope to retire early. At least OP is making so much money that he could retire in early even without investing. I'm also 8 years in and have less than a quarter of that (and I live frugally).

[ Parent | on HN ]