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MJ talks about living off of 3.5% interest from bonds for life. But is he correct?
Dear Fastlaners, I have a genuine question. MJ says in TMF and UnScripted that you can live off of interest from a large sum of money all your life without working. But I have a doubt. Suppose you have $10 million invested in municipal bonds, and you earn 3.5% interest per year. That's...- FastLaner007
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- Replies: 19
- Forum: Personal Finance, Investing, Trading
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Leasing classic cars
New cars depreciate incredibly fast. Even the best depreciation rates can be 30-40% over the first few years for a new car. It doesn't make sense to invest in a depreciating asset. Whether it's as the borrower, or the lender. It's expensive for both of them. Instead, it makes sense to invest in...- Johnny boy
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- Replies: 0
- Forum: Ideas, Needs, Concept Feedback