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You could have assets that don’t provide an income stream but...

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jantimot

30,924 Posts.

174

21/08/19

08:37

Post #: 40068088
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Originally posted by Forged ↑

"Ok, you said, you could live like a millionaire with $1m in the bank."

I did not said that, that's a false witness.

I said an asset & cash (no debt) that worth a mil or more. So can they live like one? Sure they can, because these people must also have has fat income stream, that enable them to fully owned a house & have some cash right?

In your head is always about not working, live on interest, getting rich from penny stock... that's how you twisted my word & came up with the figure of $15,000 per year lazy bank interest, do nothing...

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You could have assets that don’t provide an income stream but just appreciate in value - and sell bits off as you need to.
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