/biz/ - Business & Finance

Well, with $20M you could easily make $1M / year just from passive income. Think of what you could do with that and there you go.

>>658014
How? What kind of "passive" income is that?

>>658567
Bonds and stock dividends.

>>658567

8% yield of $20mill is $1.6 million per year

>>658652
Isn't 8% over-optimistic, especially if you want your money to match inflation?

>>658701

8% is about the average return you'd get in a diversified portfolio. ETFs and index funds all the way.

>>658701
Well 1% of $20,000,000.00 is still $200,000.00 and you can live damn nice on that, especially when it is essentially 'free' money and you don't have to stress about work or anything.

Where do you learn all of this? It's seems really interesting but from where can you learn about all of this if you basically have zero concept and knowledge of how the system works at all?

>>658706
It's not gonna be easy, but if you stick to it you will learn all you need to know from this awesome book: Rich Dad, Poor Dad.
Everything /biz/ knows comes from this book.
That's how we know how to make passive income.

>>658701
I'd do at least half in real estate for the cashflow

>>658702

With a conservative 3% inflation rate that looks a lot more like 5% ROI. And of course this is with risky investments that aren't guaranteed to have positive returns every year.

>>658721
Fuck off my teacher always kept bringing that book up every lesson.

>>658730
>asks for help
>receives valuable help
>tells people to fuck off with their valueable help
Maybe you should try making a brand new thread that goes something like this: "Hi, how do I become rich?"

>>658725
>conservative 3% inflation
That's not conservative, and 8% isn't a risky return.

My damn checking account yields 2%.

>>658735
lol meant it as a joke like "fuck off haha" but putting "haha" in here would just sound retarded and daft so i guessed you'd just get it you know. But you didn't so yeah sorry if you didn't like i really am you know how you try to troll you friend and he gets it right after what you said that's how i meant it. I talked to you like as if you were my friend. But it seems we're not so sorry.

>>658725
What poverty striken state are you from?

>>658741
Are you awkward in real life too or just on /biz/?

>>658741
Also, I can sum up Rich dad, Poor dad very quickly to save you the trouble.

Poor people stay poor because they work just enough to spend money on items that depreciate in value, and they get stuck in a cycle.
Rich people stay rich because you make their money work for more money via 'passive income'.

Everything else in that book is useless fluff. Also, isn't the author bankrupt?

>>658702
>>658725
>>659188
Bullshit. Original anon is right.

Average inflation since the 1950's has been 3.5% per year. Average long-term return on index funds and average returns on mutual funds is about 8% per year. So that's 4.5% ROI every year.

You motherfuckers always forget to account for inflation. Sp anon with the 2% checking account, you're actually losing 1.5% of the money you have in there every year.

Inflation is such a scam. Not only do you lose value, you get taxed when you take steps to prevent that loss in value.

>>658721
Nice book "reco" m8 :^)

with a 20 million dollars i would be looking on how to keep it safe instead of for a lifestyle change. thats 20 million dollars you can put 500k on a money market account and transfer 30k to your credit card, the rest of the money i would invest for the long term. i would go with a 25/75 portfolio allocation for the next 10 years and see what happens. i would also buy 3 to 6 homes an run a small rental business to keep myself busy.

>>659220
He's filed for bankruptcy several times.

>>659247
The alternative is worse. There are also multiple ways to reduce / eliminate taxes (e.g. retirement accounts and federal / municipal bonds).

>>659226
I hate this argument
>Having money in savings accounts miens you are LOOSING money with inflation
Okay well its better then putting it under a mattress and earning no interest.

>>660617
Don't be an idiot. The alternative isn't "put it under your mattress". The alternative is to invest it in better places in accordance with your risk profile.

>>658737
What checking account yields 2%? "High-yield" savings accounts yield around 1% tops.

>>658702
>8% is about the average return you'd get in a diversified portfolio.
Yes, before taxes and inflation.

>>659226
>So that's 4.5% ROI every year.
>You motherfuckers always forget to account for inflation.
And you forgot to account for taxes.

>>658010
Earn that sweet interest at 3% or something shit and you're set for life.

>>660905
Thank you.

I can always tell when its high-school kids debating on /biz/ because they harp on inflation, but seem to forget that taxes exist.

>>660621
It's called Kassasa or something to that effect. I need to make 12(?) transactions a month using my debit card and have paperless statements. Only applies to amounts under $10,000 though.