Is it safe to live off the interest of 400 million, considering I have very expensive taste?

Answer 1

I would love to become accustomed to that lavish type of lifestyle

Answer 2

If you never want to work again, you should PLAN on only living on the interest because the compounding of such an amount will give you a very good lifestyle for life.

Start reading, a lot about investing and financial information. I wouldn't depend soley on a financial advisor. You need to know the products your money is in.

Read people like: Larry Burkett, Dave Ramsey, Suze Orman, Stanley, etc.

Answer 3

Believe it or not anyone can go broke no matter how much money you have. what I might consider an expensive lifestyle might be peanuts to you. I could afford to live the lavish life but only for a year or two.

What I mean is if you temper you tastes with wisdom you can not only live a very very comfortable life but so can your children and you could also do a lot of good for the cost of one of the "expensive taste" items I can dream up. Just remember what they say about a fool and his money and then don't be a fool.

Answer 4

If you were to earn a very limited interest rate on the money, 3% your $400,000,000 would yield $12,000,000 a year. I think one could live on $12,000,000/year. That being said your money would lose value over time because one can assume a 3% rate of inflation. If you had a rate of return of 10% and left 3% in the account for covering the rate of inflation you would have the remaining 7% to live on or $28,000,000, again I think you could manage.

Answer 5

That would depend on several things. 1. How much do you plan to spend per year; 2. the interest rate you are able to invest the money; 3. rate of inflation; 4. how much longer you plan to live; and 5. how much money if any you plan to leave for your heirs or charity.

Answer 6

it depends upon two things--1) the interest rate and 2) your budget. most people could do this quite easily. btw, are you talking about yen, dollars, pesos?