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I have $1M cash in my bank – how should I grow this so I can live off it? |
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1 point by archeantus 8 minutes ago | hide | past | favorite | 1 comment |
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I’ve worked hard in the tech industry for the last eight years and have saved up a nest egg. In addition to that I recently sold my house which means I literally have $1M in my bank account right now.
For so many on here that is not too much money, but for me and my bg, I feel more fortunate than I ever could have dreamed of being.
I like my job, but it’s stressful. My dream is to use this nest egg to make investments that will grow the capital and allow me to live off of it.
Am I jumping the gun? Is $1M not enough? I’m sure I could get way more money if I endure more years of my job, but I so want a break. What are the chances of taking $1M and investing so that I don’t have to work anymore?
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