Can 29yr old live off $1.5 million w/working?

[Anonymous]

W/ means with
W/O means without

[Anonymous]

He’s ahead of warren buffet at that age

[Anonymous]

Anonymous wrote:

Anonymous wrote:Absolutely not. 1.5 is not enough to retire at 29. It's not enough to retire at 65!

It is feasible to do that, just not with the lifestyle most americans want.

It might be feasible, but unlikely. He will need health insurance, utilities, taxes (income and property), cars, and home maintenance (if he plans to live there for the rest of his life he’s going to have to navigate some big maintenance expenditures over the decades).

He’d truly have to live like a miser to pull it off. Like Ramen noodle miser level

[Anonymous]

Anonymous wrote:W/ means with
W/O means without

His first sentence says without working.

[Anonymous]

I guess he could stretch his money by stealing groceries at the self checkout

[Anonymous]

Anonymous wrote:

Anonymous wrote:W/ means with
W/O means without

His first sentence says without working.

The TITLE doesn't.

[Anonymous]

Feasible if you are willing to live very cheaply. I have a friend who has done something very similar.
Not a lifestyle that I would recommend.

[Anonymous]

Doable with a certain lifestyle. I agree he will have a hard time finding a woman who will go for it.

[Anonymous]

No

[Anonymous]

Anonymous wrote:I guess he could stretch his money by stealing groceries at the self checkout

Is he from Maine?

[Anonymous]

Anonymous wrote:I guess he could stretch his money by stealing groceries at the self checkout

Love when 2 separate threads come together~

[Anonymous]

Anonymous wrote:

Anonymous wrote:Can my brother live the rest of his life without working? He is 29 years old and inherited a modest house and about $1.5 million. He has no intention to ever work again. He is not a big spender, no lavish vacations or expensive shopping sprees. He does make questionable financial choices sometimes such as paying way too much for something because he didn’t do any research. He is not great at “adulting” like remembering to paying bills and frequently lets his Obama insurance lapse. Overall a functioning person who has no interest in working. He has “done the math” and has determined that he never needs to work again and can live off the money we inherited from our parents. I’m not convinced but he is not open to discussion.

I inherited the same amount of money minus the house. I put it in an investment account. I don’t think it is enough to live on but maybe my life is just very different? I have a wife and a baby. We own a house and want to save for school and college. I did tell my brother that he is going to have a hard time finding a woman with his situation but he always seems to have a new girl he met on Tinder so who knows?

I think your bigger problem is that when he runs out of money, he is going to ask for some of the money you smartly put away in an investment account. Don't do it.

THIS

[Anonymous]

Absolutely he can. Send him over to Mr money mustache. Those people retire on less.

But… they work hard to live cheaply. He won’t be able to do it without paying careful attention to finances, and being frugal.

He can meet a likeminded mustachian woman.

[Anonymous]

Anonymous wrote:Absolutely not. 1.5 is not enough to retire at 29. It's not enough to retire at 65!

+1. Unless you want to live poor.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I guess he could stretch his money by stealing groceries at the self checkout

Is he from Maine?

He could live off bobcats.