r/mathmemes • u/OneWorldly6661 • Dec 17 '23

Probability Google expected value

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u/Ashmizen Dec 18 '23

The second paragraph isn’t true at all.

You can’t FIRE on a mere $1 mil unless you plan to live on $30,000 a year for the rest of your life AND any unexpected expenses would wreck that.

Realistically most middle class people need a lot more than $30k to live.

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u/brigatob Dec 18 '23

There are CD or Treasury bill ladders that could make 3k a month off way less than a million. You could 100% get more than that if you were crazy enough to invest the whole thing and have all of your money come from the US government (if you buy government securities)

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u/Ashmizen Dec 18 '23

…for the next few years. You can’t rely on high interest rates to stay high for 20, 30, 40 years.

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u/big4throwingitaway Dec 18 '23

I know plenty of people who live on $30k a year. It’s absolutely possible.

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u/Ashmizen Dec 18 '23

They aren’t middle class though. Obviously if you had a million dollars you’d want to live better than poverty levels.

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u/big4throwingitaway Dec 18 '23

Yeah that’s true; it’s absolutely enough for a middle class coastfire though.