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05-10-2024, 09:25 AM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
Posts: 7,878
Thanks: 14,348
Thanked 5,111 Times in 1,957 Posts
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Quote:
Originally Posted by huge-pigeons
A lot of people are in the bottom tiers because they didn’t save for retirement. I know people that was making really good money while they were working but they spent everything they made and some even went into debt to compete with the Jone’s.
We are very comfortable because we saved and invested everything we could. Have any of you calculated what you make per hour while you are retired? You should. For the last 6 months, my total income from investments and social security, we made $130 an hour, 24 hours a day, while we were sleeping, playing golf, playing in the pool, etc..
This is called Passive Income, what can you make on your investments while not doing anything.
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$130x24x365= $1,138,800 per year. Not bad! Congratulations!
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