If I were Filthy Rich
By Crafty-Bunch-2675+50 How much would it take to quit your career/ How would you invest your winnings ?
Aa the title says. Whether to work in a supermarket, an oil rig, as a professional, or still in university studying...
How much would it take in lottery winnings to make you feel secure in leaving your career behind ?
Also...what would you consider the smartest way to invest lottery winnings so that it doesn't run out, once you quit your day job ?
Recent responses
+50 @celiacsunshine $5 million cash value after taxes for both my husband and I to retire. One of us could retire with a $2 million win. We would invest the winnings in a diversified portfolio of index funds. The above numbers assume a conservative 4% annual draw.
+28 @zamboniman46 $10M invested (so after taxes, charity, family, buying a house, some spending and traveling), I would stop working. I'd go 30% VTI, 30% VOO, 30% BND, 10% individual stocks and other sector/growth ETFS
+19 @dropkickninja 6 million. I'd buy a Treasury bond and live off the 40k a month
+16 @Sustainablebabygirl I don't know how to invest so I'd get a financial advisor to help me get a return. Even 1 million at 4% interest would give us enough to stop working and still have more than enough to live very comfortably. I'm not in the USA so prices are different, but I'd consider myself well-off with 2k per month in returns. Just paying off my mortgage would chip off enough of our monthly budget for us to live on my husband's income alone. So 2 million would be enough to pay off the mortgage, buy a few things we need and be well off.
+16 @StrongAsMeat A mill. I only have about 10-15 years left, that's over 25 years of my salary (after taxes).