Stratusfear21
Stratusfear21 t1_j177onf wrote
Reply to comment by sighthoundman in [Image] “My goal is to build a life I don't need a vacation from." by Butterflies_Books
With a million you could invest in most things I'm sure. I don't know how much Walmart or Raytheon stock is but still a lot of those things are still gambles if you're counting on them for the rest of your life. Walmart is a power house but anything could happen in the coming decades to crash even them. The military industrial complex is less likely for sure but even then you never know. Of course that 5% is all profit and if you need to sell you can get everything back say in 30 years and have more money than if you took my advice most likely. But you also won't own a house or any assets. I just think there are other ways to turn the million into more money per year. Or just buy a house and live comfortably for the rest of your life. Really either option isn't a bad decision. Blowing all of it is a bad decision.
Stratusfear21 t1_j16hr80 wrote
Reply to comment by sighthoundman in [Image] “My goal is to build a life I don't need a vacation from." by Butterflies_Books
I mean what do you mean by generates that amount: Is it in a savings account and you're talking dividends? Are you doing 50k for 20 years? Let's say the average person has 30k student debt, and let's go ahead and say a full car note for 30k. I'm going a little on the high end of course. You could pay that all in full and buy another good car when this one is trashed. So 90k off. Let's buy a house. In my area the average is 250-300k. With 300k now you're -390k and have 610k left over. If you spent it only on utilities, gas, and groceries you'd be fine for decades. Get a part time job and work like 15 hours a week or something and you are completely set. It's not generational money by any means but you can make a million last a lot longer than you think and live comfortably.
Stratusfear21 t1_j1krebw wrote
Reply to comment by EmbarrassedFriend693 in If big bounce happens, are we living same lives again and again? by EmbarrassedFriend693
No. With an infinite process each rendition would be something new ad infinitum. It takes extraordinarily very little to have extremely massive changes. Considering we'd have a different scenario every time; the chances of earth being a thing much less very broadly close to what it is now (and I don't think you fathom what I mean by broadly) would be such a small percentage that we can say it's not possible. It's not possible. You're only giving it a percentage because that's how math works. Truthfully though nobody has any clue on how any of this stuff works and they are all outlandish hypotheticals. We are still dumb apes poking at fire with sticks. We know very little about the nature of our reality. We know a little bit but very little in the grand scheme of things. And we don't even know the grand scheme of things.