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Bryllant t1_j52sdp0 wrote

For 500k you could buy a house or live off the interest. If you can afford it, go ahead. Me, I’d pay off my house and spend a week in Vegas.

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Ray_Pingeau t1_j52t8b1 wrote

I think someone willing to throw away half a million for twelve minutes in space isn’t paying a mortgage

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ThatGuyGetsIt t1_j52ukcx wrote

I think that you're inferring that a person willing to drop 500k on a space trip is so wealthy that they would just own their home outright.

I may have misinterpreted, though. But if that's what you meant, then a glimpse at OPs post history suggests that they don't have a mortgage because they're a kid.

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Ray_Pingeau t1_j52utww wrote

Then either they are full of shit or a rich kid. I don’t know. I never look through peoples profiles.

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ThatGuyGetsIt t1_j52vo5c wrote

I guess trust fund baby is a real possibility judging by their inability to help themselves and just screaming for others to help them 🤷‍♂️

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Bryllant t1_j52wc6m wrote

So we caught ourselves a young dreamer.

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[deleted] t1_j52u6gu wrote

[removed]

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SmoKKe9 OP t1_j52umxh wrote

Find more excuse to not be a billionare. I better not last 90 seconds than scrape floors for the rest of ym life

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lonewulf66 t1_j52ugjw wrote

There's no way you live off the interest of 500k lmao. Assuming a very generous interest rate of 5% (Highest I've seen so far is 3.3%) that's 25k a year.

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Bryllant t1_j52w43c wrote

It supplements my social security very well, it will also be growing as you wait to retire. Your math is exactly right. 25k a year is a great help, but can’t be the only thing.

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sintos-compa t1_j53nhbw wrote

So the answer is no. You cannot live off the interest of 50k

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Bryllant t1_j56wllf wrote

500k, invested in dividend paying stocks.

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andrewdok t1_j52wdg8 wrote

Yep, and if you are actually spending the interest instead of letting it compound, inflation is going to make that 25k worth less and less as time goes on.

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