What? To live off the nut you can't ever take anything but interest out of the earnings. Furthermore, you must add to the nut to compensate for inflation. What's left over is yours to spend....Do the math with real numbers. When I was your age I used to think the same thing. 1 million would generate 50 grand a year (yes that was a long time ago) when I was earning half that as an engineer. 5% safe interest is very hard to find anymore. Add in that inflation has made 50 grand a year chump change by comparison and there you have it.
Guy Martin is loaded. His dad owns the truck shop, I think he does it because the wants to not because he needs to. John McGuiness ain't bad off either. He has a motorcycle collection that rivals most museums.
I was thinking the same thing. Shit that’s awesome. I could stop wasting my time playing on Robinhood.
Those top roads racers get paid a pretty decent amount. Even when they are riding in the Classic TT they're not doing it for free.
He certainly didn't buy that Aston and custom made Koenigsegg/vintage Volvo on a mechanic's salary. He's got nice sponsorship deals (incl. Dainese) and a few tv shows that must be bringing the coin.
Im not quite sure how to take that. So I’ll just throw one of these out just in case it’s warranted...
Oh it's warranted.. I just picture you watching TV and seeing a commercial with a animal on it and saying, imma buy 1000 shares of that stock now.
The average return on a savings bond over the past 50 years is 5.50% - yes you have to lock in your money and ignore it for a little while but the return is guaranteed by the federal govt and is risk free. Current rates are lower than that for obvious (Covid) reasons. The longer you lock in the better the rate, and vice versa. Would you like the name/number of my investment manager? She's much better than myself if you're looking to give someone your savings.
Those things will f@ck you up 7 ways to sunday. Stomp you into the dirt, piss on what's left and wander off for some Hippo hookers and Hippo blow and not think about you again until they come back to stomp you into the dirt again and then shit on what's left. You get bored sometime, google and youtube Colombian cocaine hippos. F@ckin' awesome story!