$1m.... put it in a savings account at ~5% yearly interest rate.
5% of $1m = $50k, minus taxes.... hmmm, around here, that'll be 28% of earnings... 72% of $50k = $36k
It's a nice income for the rest of your life and it's one that keeps on giving!
Get a job you like on the side and you can have a very good life.
And you can leave it for the kids! after you die!
It just keeps on giving!
5% of $1m = $50k, minus taxes.... hmmm, around here, that'll be 28% of earnings... 72% of $50k = $36k
It's a nice income for the rest of your life and it's one that keeps on giving!
Get a job you like on the side and you can have a very good life.
And you can leave it for the kids! after you die!
It just keeps on giving!