What can you do with money?

Re:What can you do with money? by ivankirigin on Saturday July 28, 2007 @10:58AM (#37288)

A very comfortable yearly income is $100K-$200K. Immediately put the necessary base in an interest bearing account (~5%) to earn your comfy yearly income off the interest. $200K/0.05 = $4M.

Then you'd really never need to work again, and you can focus on making interesting things.

There is plenty of life automation that you can do. Laundry, grocery delivery, maid services, restaurants, financial planner.

You can easily spend $1M on travel for months, building a dream house, etc.

[ Parent | on HN ]

Re:What can you do with money? by rms on Monday July 30, 2007 @12:52AM (#37571)

That's not going to work in the USA because inflation is a lot more than 5%.

I'd go for a foreign stock index fund.

[ Parent | on HN ]

Re:What can you do with money? by some on Saturday July 28, 2007 @01:56PM (#37316)

You have done those things?

[ Parent | on HN ]

Re:What can you do with money? by ivankirigin on Saturday July 28, 2007 @05:33PM (#37339)

HA!

I don't have $4M to put in the bank. But I do have a comfortable income. My goal would be to work on interesting problems without needing a paycheck.

Things like financial planners, grocery delivery, and cleaning services are all excellent value for the amount of time they save.

[ Parent | on HN ]