 Do we need 1p and 2p coins these days? |
I could do without the bronze coins in my pockets. Could we just get rid of them? I don't see the point of them these days.
What reasons are there to keep them in circulation?
A... |
|
 What is the best payday loan? |
| Which is the best payday loan where I don't have to pay it all back at once.... |
|
 Is it possible to be rich in usa since u have many taxes are charged to you? |
| is it possible to be rich in usa since u have many taxes are charged to you. well i plan to move there after i get job online as bsc in graphic design. im from accredited university in jakarta, ... |
|
| Earning Money Fast? |
| What's a good way to earn money fast, besides getting a job?... |
|
 25 years old and $18,000 in credit card debt? |
| I know, Im beyond dumb. Getting myself into this much debt was a HUGE mistake & even worse I have nothing to show for it. But what do you think I should do. I make decent money, have $0 in ... |
|
 I was discharged from bankruptcy last year where can i obtain credit from in the uk.? |
| I was forced into bankruptcy as i was left in a lot of debt. I have contacted the credit agencys who tell me that my debt stays on my reports for 6 years. so where can i get a loan or credit card ... |
|
 How can i raise my credit score? |
| My credit's been shot since the day i turned 18. I have so much negative stuff i cant get a credit card car loan house and even had trouble getting a bank account again. Any suggestions?... |
|
 What is a good way to make money online overnight? I work a graveyard shift and I have a lot of free time.? |
| My company uses websense so I can only access limited websites. I am particularly interested in online trading at night. but have very little knowledge in this.... |
|
|  |
REDD | I have 125K, I need to earn 5K a month from this 125K! How can I make this happen? |
I'm 40 yrs old, just retired from 20yrs in the US Army! I want to move to the DR and never work again. I need to earn 5K a month off my 125K, to live in the DR comfortably! I do not want to invest in stock or bonds! Is there any way I can earn at least 5% a month on my 125k? Please send me all your ideals.
Thank You! |
 |
 
Doug M
 |
It's not even remotely possible over the long run. If anyone tells you otherwise, don't give them a time. They're lying.
My rule of thumb is that your FTI ("F*** This" Index) needs to be above 1000 to retire. FTI is
Age * Net Worth / Yearly Expenses.
Yours is 40 * $125k / $60k = 83. You're not even close.
I'm sorry, but the mathematics of it are undeniable. You need to continue working or find a way to live on $5k per year -- not per month.
Doug |
|
Carl_the_Truth
 |
Can't be done. $5,000 a month just to live comfortably ? Where, the Hilton Inn ? |
|
STEVEN F
|
As others have said, that would require a 48% annual return. The US stock market has a long term average of 12%. It also beats EVERY other investment for any 20 year period on record. If you want a guaranteed return of $5000/month, you need 5 times you current nest egg. |
|
Judy1
 |
$5K on $125K is 4%, by the way, not 5.
So you're saying you want to earn 48% a year on your money. Not going to happen.
5% a year is doable in a number of ways. So if you can live on $5K a year, go ahead and consider yourself retired. Otherwise, start looking for a job. |
|
Thin Kaboudit
|
$5K is 4% of $125K.
It may be realistic to believe you could earn 4% a YEAR with no risk, but anyone who believes there is ANY way to earn 4% a month must have been out of class the day they taught basic math and economics!
The answer to you question is "no"! Anyone who suggests otherwise is just taking advantage of the fact you were out of class that day!
Sorry!
To safely earn $5K a month ($60,000 a year), you need savings of $1.2M, assuming the historical average "safe" return rate of roughly 5%.
If you are only 40 years old, what exactly do you have against EARNING money to live on? |
|
rlloydevans
|
Buy a business that makes money and workl like hell to make it profitable. There are no legal investments out there where you can make that type of return without working hard for it. I earn that with my Import/Export business, but that isn't sitting back and taking it easy. |
|
Bulk O
|
First off why do you need $60,000 a year to live? If you need that much you are spending way to much for how much you make/made. I mean even if say you needed $60,000 to live right now if you really had enough to live on it wouldn't be $60,000, because part of the $60,000 would have been used to save for the future (as in retirement) and if you were there already you wouldn't need to take out money for saving for retirement.
Second what happened to your 1/2 military pay for retiring from the army at 20 years? That certainly shouldn't be nothing.
Third to have any chance of doing this you would have to have a place to live, and would have to be paid off.
Last as everyone has pointed out do the math and you aren't going to make almost 50% on your money. Who do you know that gets that kind of return on their money?
You have two choices spend like nothing has changed and live for only two years or get a job. And frankly you should consider yourself lucky to have the constant 1/2 pay for the rest of your life to help. Most of the people you are asking are going to have to save great sums of money in a 401K or have a business or something just to get that constant money coming in. Yeah I know you worked for it and you didn't really get paid that great all those years, but it does take lots of money to say invest your money and get about 9% on it and need to live on that. There is a reason why people wait to get Social Security, because they need it to give at least part of expenses. |
|
Rothwyn
|
Invest in an apartment building and hire a property manager to keep it occupied. Put aside some of that money to pay for the first few months and you can earn maybe 15K profit per month. |
|
Rick B
|
You're joking right?
That would be almost 50% annual return. There is no way you can consistently and safely do that. Most money folks would recommend that you take no more than 3 or 4% per year out of your investments if you want them to last the rest of your life. That advice is targetted for people with much less time left to live off of them.
What about inflation? Are you going to give yourself a 2 or 3% raise each year?
If you are 40 years old, then you need to push back your retirement goals by about 20 years and try to accumulate $500K or more.
Not sure what the "DR" is, but living off $60K a year would be pretty easy for most. The national average income is in the high 40s.
I can only assume that your post is a joke, or you are trying to sell something. Perhaps you will be responding as a different user with some super duper investment technique guaranteed to earn you 5% per month on your investment. |
|
The Scorpion
|
Nope, it just isn't that simple, you can't make that much on 125k. |
|
cruziecruz
|
There are investment vehicles (and no, I don't mean automobiles) that you can put your money in and don't involve stock or bonds. You need to speak to a Financial Planner though to see what your options are. Check out:
http://www.fidelity.com
http://www.prudential.com
http://www.metlife.com
You do realize that 5k a month from 125k is about 2 years of not working, right? Please seek professional financial advice. |
|
sunshine_today
|
Sorry dude, but $125, 000 is not enough for a 40 year old to retire on. Maybe if you were 106 and ready to keel over, then it'd be enough. Looks like you'll be a working stiff for another decade or so...at least. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
13 | 33 minutes(s) ago
| | | |
11 | 1 hour(s) ago
| | | |
12 | 2 hour(s) ago
| | | |
12 | 3 hour(s) ago
| | | |
12 | 5 hour(s) ago
| | | |
12 | 7 hour(s) ago
| | | |
12 | 1 day(s) ago
| | | |
12 | 5 day(s) ago
| | | |
9 | 2 week(s) ago
| | | |
12 | 1 month(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
