Monday, February 28th, 2005
Buy a day of freedom
Let's assume that you could live on $12,000/year. That works out to around $33.00 dollars/day. So, to buy a single day's worth of freedom from paid labor costs $33.00 dollars. How much does a day of freedom cost in perpeuity? Assuming a 4% safe withdrawal rate, a perpetual day of freedom costs $825.00. One-time cost: [...]