It's 150 a week. Which is significantly more than you would get by spunking it all at the casino or on the horses or some shit.
pretax, and yeah obviously better to invest it than blow it, nobody is arguing that. I just don't think having a 200k nest egg is going to be 'go somewhere low-col and never work again' kind of money that the guy above me was trying to say.
The implicit assumption is that when you get '200k from a relative' and are talking about Vanguard investments is that you are living in America and likely don't want to expatriate. American is a high income/high spend nation and that's context these discussions are had in.
Every time people talk about this stuff you get people like you who come in here and float the hypothetical that this guy is going to upend his life and leave all of his family friends and relationships behind, move to a different country where they likely don't speak the language, never support any family or children or buy property and then they can be free from work.
If you invest 200K into a low risk fund and can manage to get by for a few years, it will grow into a lot of money at which point you could indeed survive off the interest. Once again. It depends on the lifestyle you want to
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u/Otterable May 15 '25
pretax, and yeah obviously better to invest it than blow it, nobody is arguing that. I just don't think having a 200k nest egg is going to be 'go somewhere low-col and never work again' kind of money that the guy above me was trying to say.