▲ 1280 ▼ According to Elon Musk’s own math, the company formerly known as Twitter has lost 90% of its value and could be worth just $4 billion (finance.yahoo.com) submitted 3 years ago by bernieecclestoned@sh.itjust.works to c/technology@lemmy.world 236 comments fedilink hide all child comments
[+] elbarto777@lemmy.world 3 points 3 years ago* (last edited 7 months ago) (5 children) [deleted] permalink fedilink source parent hideshow 5 child comments replies: [–] StinkyRedMan@lemmy.world 5 points 3 years ago (2 children) While one million is a pretty good amount of cash, you're delusional if you thinks it's a "never working again" amount of money. I had this talk pretty recently with a friend of mine, if he used it to finish paying his house (150k) at 24k a year it would not even last 40 years. permalink fedilink source parent hideshow 2 child comments replies: [+] elbarto777@lemmy.world 3 points 3 years ago* (last edited 7 months ago) [deleted] permalink fedilink source parent [–] mosiacmango@lemm.ee 2 points 3 years ago* At a 4% return, a million nets you around 4000k/month without affecting the principle. After taxes, youre likely walking away with 40k/yr. Plently of places in the US you can live for around 40k/yr. Not luxury, but if youre fine with rural to semi rural, you can do well on interest alone. permalink fedilink source parent [–] Gaspar@lemmy.dbzer0.com 3 points 3 years ago (1 child) Last time I looked into it, it was closer to 4 million to "never work again" if you were in your mid-30s. Nowadays, even that figure is probably not enough. Your point still stands, however. permalink fedilink source parent hideshow 1 child comment replies: [+] elbarto777@lemmy.world 5 points 3 years ago* (last edited 7 months ago) [deleted] permalink fedilink source parent
[–] StinkyRedMan@lemmy.world 5 points 3 years ago (2 children) While one million is a pretty good amount of cash, you're delusional if you thinks it's a "never working again" amount of money. I had this talk pretty recently with a friend of mine, if he used it to finish paying his house (150k) at 24k a year it would not even last 40 years. permalink fedilink source parent hideshow 2 child comments replies: [+] elbarto777@lemmy.world 3 points 3 years ago* (last edited 7 months ago) [deleted] permalink fedilink source parent [–] mosiacmango@lemm.ee 2 points 3 years ago* At a 4% return, a million nets you around 4000k/month without affecting the principle. After taxes, youre likely walking away with 40k/yr. Plently of places in the US you can live for around 40k/yr. Not luxury, but if youre fine with rural to semi rural, you can do well on interest alone. permalink fedilink source parent
[+] elbarto777@lemmy.world 3 points 3 years ago* (last edited 7 months ago) [deleted] permalink fedilink source parent
[–] mosiacmango@lemm.ee 2 points 3 years ago* At a 4% return, a million nets you around 4000k/month without affecting the principle. After taxes, youre likely walking away with 40k/yr. Plently of places in the US you can live for around 40k/yr. Not luxury, but if youre fine with rural to semi rural, you can do well on interest alone. permalink fedilink source parent
[–] Gaspar@lemmy.dbzer0.com 3 points 3 years ago (1 child) Last time I looked into it, it was closer to 4 million to "never work again" if you were in your mid-30s. Nowadays, even that figure is probably not enough. Your point still stands, however. permalink fedilink source parent hideshow 1 child comment replies: [+] elbarto777@lemmy.world 5 points 3 years ago* (last edited 7 months ago) [deleted] permalink fedilink source parent
[+] elbarto777@lemmy.world 5 points 3 years ago* (last edited 7 months ago) [deleted] permalink fedilink source parent