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thenewgreen  ·  1566 days ago  ·  link  ·    ·  parent  ·  post: Hubski, what is your ideal for personal wealth?

After tax, $1m turns in to $700k. Let’s say you can get 8% a year returns from it. That’s $56k a year. So, if you don’t want to diminish your wealth, you have to live on $56k a year. Not shabby if you’re a single person, but also not terribly lavish.