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Old 04-12-2007, 04:28 PM
Ludanto Ludanto is offline
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Join Date: Jan 2006
Posts: 148
Default How much $ is needed to never have to work again?

This is my first post in this forum. I hope I have chosen the right one for this topic. Also I have practically no knowledge about the art of accumulating money effectively.

Main Question: How much money would you need to never have to work again?

My assumptions:

1. "to never have to work again":
a) means NOT to never do anything again which is solely serving the purpoe of accumulating money (for example sealing a profitable deal per phone while relaxing at home is not "work")
b) means to never have to do something which is serving the purpose of accumulating money AND is raising your heart rate noticably above your normal heart rate. (for example almost any 9/5 job will raise your heart rate noticably at some point no matter if it is more physical or more mental work)
c) means that the things you do to accumulate money take up less than 5 hours/week no matter how slow and relaxed you are going about those things (the numbers are based on nothing; just made up to have a base for possible calculations; think of money accumulation as a recreational thing here)

2. You are living by yourself and need 2000$ every month to:
- have a place to live at
- have something to eat
- have a car
- pay any other expenses that there are in life (insurances etc.)

3. You want your money to gradually increase (even with taking 2000$ out every month) no matter how small the increase is.


Imagine Santa would knock on your door and tell you he'd give you as much money as is needed to satisfy all 3 assumptions. (Santa will know if you request more than you minimally need [to the best of your knowledge] and will not give you the money if you ask for too much.)

Q1: How much would you ask Santa for?
Q2: Which branches of investment (and to what extent each) would you choose to satisfy all 3 assumptions?
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