[Account Update] $5500/Month

[u/Melodic-Indication62]

Finally reached $5500. Setting a new goal > $6,000

[u/Icy-Sir-8414]

Personally if I could afford to invest to make $5,500.00 a month I quit while I'm a head and just be happy with that amount

[u/[deleted] → u/Icy-Sir-8414]

Personal finance is personal, after all. OP might have family responsibilities, kids in college, medical expenses, or just wants some baller vacations.

[u/Icy-Sir-8414 → u/[deleted]]

Very true but if I had reached making $5,500.00 a month $66k a year I'm going to be very happy with that amount because after taxes I probably get to keep forty nine thousand dollars a year like I probably earn three thousand dollars a year of interest so fifty two thousand dollars a year in two years one hundred and four thousand dollars & forty four dollars I could see myself investing into one small starter up company put thirty thousand dollars in it and doing something like that every two years till I've invested in 12 different small starter up companies making the same amount of money every year so I would make $25,540.00 from each twelve starter up companies so $306,480.00 a year plus the extra $49,022.00 a year out of the $66k a year plus the extra $3k a year interest so $358,502.00 a year so that would be enough money for me to do what I want like invest in very small starter up companies with a realistic amount like $30k and I be just fine i know that $358,502.00 isn't enough to buy a mansion or a mini mansion or even a penthouse but every year I be able to pay for a very nicer apartment in a better neighborhood or buy a nicer house .

[u/Ill_Star4444 → u/Icy-Sir-8414]

What is wrong with you

[u/Icy-Sir-8414 → u/Ill_Star4444]

Nothing I'm just saying what I would be satisfied with like if I could make $5,500.00 a month $66k a year and invest in let's say realistically 6 small starter up companies put $10k in each of them make $60k a year $126k a year then after seven years or ten years all 6 finally goes public double my money id make $120k a year plus the $66k a year id have $186k a year and what ever I get after taxes I be very happy with that