How To Live Off Your Investments - How Much You Need

How to live off your investment, the key is not to have more money invested but instead to need less money to live. Now when I say that statement, some eyes are going to open wide and some eyes are going to turn side ways and say, I need 10k per month.

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1. The math shall set you free
- When someone tells me they need 10k to live and they want to make money passively from the stock market
- My first question is always, why? Why do you need so much money?
- And are you willing to pay the price

Simple math is this:
- Multiply the money you want per month by 12 ( that gives you annual )
- Then multiply that number by 25, that’s how much money you need before taxes
- And if you add taxes you should be thinking at least another 50% more

So Math is this:
- You need 3 million dollars to get 120k in passive income each year pre-tax
- But if you want that after tax, likely you’ll need 4.5M
- If you’re goal is to arrive at that number in 20 years
- You need to invest $6,546.38 per month for 20 years

Here is some more math:
- Total of 78k per year
- Now if you are only going to invest 40% of your income because you want to live on the rest then you need to earn about 195k not even including taxes
- My point is, that this idea is usually super stupid, unrealistic, and based on fiction

2. However how do you Live off your investment the right way
- In order to do this, a few things need to be done first
- First, get debt free then save for emergencies, last buy a home pay it off while you invest no more than 20% of your income

The key is simple:
- Lower the cost of living by owning in cash the big things you need to live
- Usually Shelter and Car
- You buy a home for 250k on a 15-year mortgage ( no more than 33% of your net monthly income )
- a little bit more than $1500 per month ( if you make extra payments you can be done in about 10 years )

Here is the Math:
- if your shelter cost is $300 for taxes and insurance
- utilities are $500
- Groceries are $500 for the family
- Car is about $300 (insurance and stuff )

You need to live effectively: $$1,600 per month

3. Stocks vs Real estate

Stocks:
- If use the 4% rule: you need about $480k in your investment account
- To earn you about $19,200 per year

Real estate :
- If you can make 8% by buying property and paying them off in cash
- You need about 240k worth of property

Here is the crazy thing:
- If you still work part-time, you can easily earn enough to cover everything
- And keep growing your wealth
- But if you wanted to stop working you could

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I'm an Accountant but I'm not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

[pharrellosullivan]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Katherine Flores.

[SteveSunday-lhjb]

Thanks for continuing updates 👍I'd rather trade the crypto market as it's more profitable. I make an average of $27, 500 per week even though I barely trade myself.

[bogorasoy]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits, such as regularly setting aside money for sound investments..

[davidsarpong]

When I was 17 I made £1000 in 2 weeks playing Baccarat, betting £1 at a time until I won £5 afterwards I would bet the £5 and make it into 10.

Would take on average 8 hours to make £100, doing it every day (excluding weekends). I listened to high frequency songs and eat a vegetarian diet, to increasey composure and overall health. Taking calculated risks

Because I haven't been as disciplined I tend to not win as much. Now I'm fixing my diet back to vegetarian, as well as back to the high frequency songs for staying calm during times.

If I earned 600, would be significant but who knows until my next paycheck.

Looking to make £1000 a day which is very very possible as I'm ready to go. As well as other business ventures....this one is the one which would start it off. Cross fingers😂😂

[RakeshPeter]

Thanks for continued update Making money is action. keeping money is behavior. Growing money is knowledge. I'm excited I started earning upto $65thousand dollars extra income

[cherosweet]

What do you think about investing in robinhood $5 a day?

[RM-cxkk]

I get ahead of myself sometimes thinking that putting a couple hundred a month in stock will have me set for retirement 😅 Hits different when you do the calculations lol

[Joshualibbyy]

Amen I only need 50 cents a month to live and I’m good

[JanMuench]

In a bear market, the media highlights unfavorable events, such as a shrinking economy, geopolitical instability, cultural and legal conflicts, or a mixture of these factors. Recently, I came across a podcast featuring someone who successfully multiplied their initial investment from $120k to nearly $460k during this challenging market phase. Can you give advice on how to achieve such aggressive profits in such short periods?

[MarloPanganiban]

Why do u multiply again by 25? I got kinda lost lol

[jedimastu]

have a finance degree, still hate hearing you say "math" lmao