it’s funny how many armchair money managers we have here who want to give up huge passive income in order to… have more money to invest and eventually get passive income.
how much would an annuity that pays $150k/yr cost for somebody in their 20s or 30s? I can’t imagine it being less than $10 million. probably more like $50 million. so the logic is give up $10-$50 million in value, for the opportunity to maybe make it up in the long run, while hoping you never get injured or debilitated…