The problem is that the OP asked a specific question and it is only fair to give a specific answer. The OP did not ask us to critique or optimize the goal of creating $500k of passive income.Are you referring to tips?You have an unrealistic goal. First, you should be thinking in real dollars. Then you should be considering your risk tolerance. The risk-free real return right now is about 2-2.5%. If you really need passive income, you can earn less than half of your goal without rapidly eroding the spending power of that income.
But bigger picture what need do you have for passive income? I doubt your annual expenses are over a million dollars.
Statistics: Posted by Harmanic — Tue Dec 24, 2024 9:42 am