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

Anonymous
Anonymous wrote:It really depends on the state. I have a sibling who lives in California and has figured out that they get more not working. Free health care, food stamps, etc. What state does your sibling live in?


I know CA is insane. But someone with 1.5M + a house gets free healthcare, food stamps, etc.?
Anonymous
Anonymous wrote:
Anonymous wrote:It really depends on the state. I have a sibling who lives in California and has figured out that they get more not working. Free health care, food stamps, etc. What state does your sibling live in?


I know CA is insane. But someone with 1.5M + a house gets free healthcare, food stamps, etc.?


Unbelievably California just removed asset testing in order to get Medi- Cal (California free version of medicare) and food stamps in 2024. So you can own a million dollar home and have 1.5 m in the bank. You also don't have to be a legal resident either. They count interest/dividends earned but my sibling found a way around that too.
Anonymous
Anonymous wrote:I think this whole discussion is moot anyway. The margin would definitely be tight long term. But even if it were feasible, there's no way someone who just announces they're quitting working at 29 has the self-discipline to pull it off. It'll be gone in single digit years.


That’s a strange leap of logic.

Some of you really need to check out Mr Money Mustache…
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