interest

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...

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...