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Reply to "What is a “life changing” amount of money?"
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[quote=Anonymous][quote=Anonymous]$500k for me. I needed it one time only, not every year. This meant I got to quit my job - absolutely life-changing. I trade part of it and live off the difference. Most of it is in the market growing though. Some of it is also in guaranteed monthly payments that covers all housing and bills. My job is still there waiting for me if I get bored at home. [/quote] 500K can't make that happen for you. You cannot grow it in the market AND also pay bills with it, even for one individual. I have many times that amount in growth stocks and the dividends are not sufficient to pay all the household bills for a family of 4. You would need at least 5M, which is why other posters have landed on that number. And then you need to choose your stocks wisely. [/quote]
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