Join Date: Oct 2011
Location: New England
Thanked 9 Times in 9 Posts
Rep Power: 5
Re: My Escape Plan - Insights Wanted
That'll leave me about $200k in the bank. I'm thinking at 5% returns, I'm bringing in $10k a year.
Where do you get 5% from? I like the plan but you are not going to get more than about 1.5% on any "safe" investment. You might find an introductory rate a bit higher but even then, not 5%. The only way you might realize 5% will be by accepting some risk and actively manage your money and, if you have the skills and the risk tolerance to do that, think about the mechanism(s) you will use to keep track/trade from a boat. Or think of what else you can do along the way to make some extra money.
Good Luck to you!
BTW, if you have a safe way to make 5%, I'd REALLY like to know.