I once told my boss that I could quit if I won a million dollars and lived off of 5% interest. He said no you couldn’t, think about car payments, house, all expenses, $50k a year wouldn’t cover that. Then I reminded him that $50k was more than I was currently making, by kind of a lot. He shut up very quickly lol.
I’m pretty sure house and car are two of the three most expensive expenses a person has. Pay them off immediately and you won’t need much else to survive.
I firmly believe I could live comfortably for the rest of my life if I had $2-3 million.
I once told my boss that I could quit if I won a million dollars and lived off of 5% interest. He said no you couldn’t, think about car payments, house, all expenses, $50k a year wouldn’t cover that. Then I reminded him that $50k was more than I was currently making, by kind of a lot. He shut up very quickly lol.
I’m pretty sure house and car are two of the three most expensive expenses a person has. Pay them off immediately and you won’t need much else to survive.