$1M cash or $200K in semi-passive income per year? What would be more life changing?
Recently, I am trying to do a thought experiment
What would be more life-changing?
Option A: $1M cash where you can invest it
Option B: $200K per year, mostly passive income
I guess the straightforward answer would be depending if you can make 20% per year from the $1M cash.
But I think the answer to the question is more complex than that.
Some people might prefer ​$1M cash to start a business or pursue another opportunity
Some people might prefer $200K passive income so they don't need to worry about income and go travel
Which one is more valuable to you? Leave a comment in the post in the community. I read every comment. ​​I would like to understand why.
Cheers,
Eric
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Eric Seto
Chartered Professional Accountant (CPA)
Chartered Investment Manager (CIM)
Founder of 5MinInvesting.com
In February, my goal is to help 10 people with no financial background master investing.
You will learn two strategies:
• Long-term investing with options — learn how to find discounted blue chip stocks using technical and fundamental analysis
You will also learn how to hedge during a bearish market to protect yourself
• Monthly passive income — learn how to generate cash flow for retirement or replacing/boosting part of your salary using options
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Disclaimer: This communication is provided for educational and informational purposes only and does not constitute investment advice, a recommendation, or an offer to invest in any fund or strategy. No advisory relationship is formed by receipt of this content. Any references to strategies or markets are general in nature and do not reflect the performance of any client account or investment product.
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Eric Seto
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$1M cash or $200K in semi-passive income per year? What would be more life changing?
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