= 27d567bc2d48d9f40e9ccc20ea370b15)
jswan comments on Which College Major? - Less Wrong
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (40)
Just out of curiosity, what kind of lifestyle and investment strategy are you planning to support a long-term life of the mind on $1M USD? Or is millionaire more of a figure of speech representing "a whole lotta money"?
If you make 5% a year on that and live a very frugal lifestyle in a low-cost area, you could do OK, but medical expenses, children, inflation, etc could hurt your capital considerably. I think you'd need a good bit more than $1M to have a large safety margin.
The exact figure I'm aiming for is $5 M USD or above. I'd quit trying to make money as soon as I hit $5 M basically.
If you're planning to take venture capital as part of your plan for making $5M, you'd better hope that the VCs never read that comment.