How would you retire with $2 million cash?

Friend has $2m in cash after gambling $10,000 into s–tcoins in 2021 and cashing out in 2022.

I’ve always wondered is it possible to retire with $2m cash today and what is the best way to do it?

I’m thinking:

Put $2m into something that gives 10% returns per year. About $200k passive income per year. Do such things exists and can they payout monthly?

Use that $200K/year to pay for an apartment’s mortgage though I’m not sure where to find money for the 25% cash downpayment assuming it is a condo

Use whatever is left to travel the world and for living expenses.

Essentially, is it realistic to passively receive about $20K every month with $2m in cash right now?

Netizens’ comments

• Where got 10% passive income? Dreaming lah. If there is, everybody would already be putting all their spare cash in it.
• you know if you put it in a 4% fd, thats 80k a year? many ppl dont even earn that in a year.
• Whack it all into dbs shares la
  Every year 4- 5% dividend which is about 100k
  30 yrs later sell maybe got 3m or more
• You pay for the downpayment with the $2 million.
  Basically, the basic financial planning fundamentals apply here (and this applies to most of us)

1. What are your goals? List them out in concise, and tangible manner. The clearer you are the easier for you
2. Rank the goals you listed in #1 in order of priority. Those with highest priority, are those goals you need to be most if not almost certain. Those at the bottom are those you are ok if you don’t reach it.
3. For the goals in #1, with the degree of certainty in #2, work out how much you need to fund the goals. Each kind of goals have different attributes, and what you put in them, and how is also different for example, if marriage ranks very highly, and it is within 2 years, you need to set aside $10k for ring, $40k for banquet. Retirement is medium in certainty at this point, and it is 20 years away and you are ok to work, but how much do you need if you plan to retire 20 years later? it depends on how long your money need to last, and the retirement income strategy. It could cost more or less.
4. Take that $2 mil, and try to fund each of the goals in #1 based on the priority in #2.

I will give an example. For most, their life is made up of small goals that they need to fund in the next 10 years, and also an income stream for their FI, as well as a dwelling.

You have to rank in term of importance. USually it works out that those small goals have higher priority especially if its tied together with a partner, but lets say you entertainment me that to you financial security is more important. follow by a dwelling, then getting married.

So what you need to work out is… how much do you need to generate an income for financial security? bear in mind, this goal is highest and a lot will go to fund it because you want great certainty, but there are other goals coming after this that needs funding.

You have to think about how much income you need, which is a function of what is the lifestyle, both realistic and aspirational. Is it $2k a month, $5k a month, or $10k a month? That means an annual income difference of $24k, 60k or $120k.

Depending on how certain you wish your income stream to be, you might need to buffer for unlucky economic scenarios. A 10% returns a year, as you said, may be a base or lucky economic scenario. But would you wish to be more conservative by setting aside something safer?

IF this is a once in a lifetime money and you wish to be safer, maybe use a 3% or lower initial withdrawal rate. Google up “Safe withdrawal rate studies” to understand that more.

If it is 3%, that means you need to set aside, $24k/0.03 = $800k, $60k/0.03 = $2 mil or $120k/0.03 = $4 mil.

As you can see… if your income needs is $5k a month, it will eat up that $2 mil, leaving nothing for your other goals.

depending on the size of your goals $2 mil might not be that much.

Returns are usually not uniform. You don’t get $200k, $200k, $200k, $200k. To get 10% which is a high return, it usually involves higher risk or volatility, so do expect years where returns are -$400,000. How would you spend if the portfolio is down $400k? It may need more thinking.

I have to admit that I used to think that I was rich because I could afford to order fish in my cai fan meal.

In my mind, I was living in luxury simply because I could afford a few more dollars for my meal.

The truth is, I was wrong. Being able to buy an extra item in an economic meal does not mean I’m rich.

It only means that I have a little extra money to spare. In the grand scheme of things, it does not make a huge difference to my financial security.

I recently realized that being able to afford fish in a cai fan meal does not necessarily mean that I’m wealthy.

It only means that I can afford to pay a little bit more for a particular item. It may be a luxury, but it’s not a sign of true wealth.

True wealth comes from having a steady income, a good job, and a solid financial plan.

It comes from making wise financial decisions and having the ability to invest in assets that will give you a return.

It comes from having a secure retirement plan and the ability to create a legacy for future generations.

The truth is, I may be able to afford to order fish in my cai fan meal, but that does not make me rich.

I still need to make sure that I’m making the right financial decisions and investing my money wisely so that I can build true wealth.

I now understand that being able to purchase an extra item in an economic meal does not make me wealthy.

Sure, it’s a luxury, but it’s not a sign of true wealth.

True wealth comes from understanding the importance of financial planning and making wise investments.

It’s something that I need to focus on if I’m serious about building true wealth.

My coworkers are effin gross

So this morning, despite my best efforts, I had to do the deed at work.

As I’m sitting there, trying to time my plops in between hearing people entering and exiting the bathroom, I realized that almost none of them actually washed their hands.

5 people came and went, and only one actually “washed” his hands including the guy that washed his hands, then took a leak and walked out.

On Monday, I think I’ll be putting an impressively passive-aggressive note in the bathroom and hopefully shame some people into better hygiene.

Netizens’ comments

• There was a lady who would turn the sink on so you’d think she’s washing her hands, but no, she was just running the water and leaving. I can’t believe people don’t wash their hands after what we all collectively just went through the last few years.
  • Why would anyone take the effort of turning the sink on and pretending to wash their hands?!?!??!???? In that same time you could have actually washed your hands!!!!!
• Duuude, saw a new coworker that was working in a bakery not wash her hands after getting out of the stall and I reported it immediately. Thats disgusting and theres no excuse for not washing you hands even if you didnt actually go. Its even in the training.
• At my job if someone goes to the toilet and doesn’t wash their hands and it is witnessed by another that person will then tell everyone else they are not a hand washer. There is this one female dr that never does. It’s so gross.

It all started in secondary school. I was the typical, shy teenager who was too scared to talk to girls.

My friends and I would joke about it, but deep down I felt embarrassed and ashamed of my inability to start a conversation with someone I was attracted to.

Fast forward to today, I’m 25 years old and still single. The years have gone by, and I still haven’t found a partner.

I tried online dating, but it didn’t work out. I tried joining clubs, but nothing ever came of it. I was starting to get desperate, so I decided to try something else.

I started hitting on teenage girls, eight to ten years younger than me.

At first, I thought it was harmless. I figured if I couldn’t find someone my age, I might as well try something different.

I would go places where there were lots of teenagers. I would approach them and start a conversation, and then try to take things further.

At first, I was getting away with it. I was able to get numbers, dates, and even a few make-out sessions.

But eventually, people started to catch on. People around me started talking about me, and said that I was preying on their gullibility.

That was a wake-up call for me. I realized that what I was doing was wrong, and that I shouldn’t be preying on teenage girls.

I felt ashamed and embarrassed for what I had done, and I vowed never to do it again.

But that experience has left me with a deep sense of regret. I still haven’t found someone my age, and I feel like I’m running out of time.

I still haven’t been able to get over my fear of talking to women, and I’m not sure what to do.

All I know is that I need to do something, and quick of not I might be forever alone.

Is this fixable? 34m partner of 6 years has tantrums.

I don’t like to talk bad at my partner to friends or family so I don’t have anyone to talk to about this. I also just never find that friend or family advice is objective.

My husband of 3 years and partner of almost 6 goes right to anger very often. He is not violent to me. He will punch things sometimes, often hits himself hard in the head with his fists/hands. He’s broken his own glasses on his face.

I can tell him to do something benign and he gets so irritated if he doesn’t want to do it that he clenches his fists, looks like he has extreme tension in his body, grunts and stomps around.

I wish it didn’t affect me. I try to tell him to have a more mature response. I don’t know what to do. But I’m drained and exhausted by it. I want to laugh, smile, enjoy my life.

He’s so grumpy, and it’s the moment he gets home from work, moment he wakes up. It feels like he comes at everything with a bad energy for the last few years.

If I express any negative emotion he EXPLODES on me. Yells at me instantly. I don’t know what to do.

Please feel free to ask more questions I don’t know how to summarize this very well.

Side note: I’m not perfect. But I do try my best to think of ways to help. When I hug him if he’s really grumpy it often helps but sometimes I don’t feel comfortable doing that. Depending what he’s done or said.

I’ve always been a bit of a free spirit, and when it comes to my body hair I’ve always been a bit of a rebel.

Growing up, my mom always tried to get me to shave my armpits, but I never felt like it was necessary.

I mean, I was never going to be competing in the Olympics, so why should I bother?

But then I started dating my current boyfriend and he revealed to me that he loves the way that my armpit hair looks.

He said it was like a bush of soft, dark hair that he loved to lick and run his fingers through.

At first, I was embarrassed and felt like I should just go ahead and shave it.

But the more I thought about it, the more I realized that I liked the idea of him being intimate with my body hair.

So, I stopped shaving my armpits and let them grow out. It was a bit of a journey, but eventually I had a full bush of hair in my armpits.

It felt kind of liberating and empowering to have this kind of body hair, and my boyfriend was more than happy to indulge in it.

We would spend hours just exploring each other’s bodies and he would always spend extra time in my armpits, running his tongue over the hair and making me shiver with pleasure.

But then one day, I noticed something strange happening in my armpits.

I noticed that the hair was becoming darker and thicker, to the point where it was almost like a thick carpet of fur.

I was a bit worried and tried to ask my boyfriend about it, but he just shrugged it off and said that he still loved it.

I started to become more and more self-conscious about my armpit hair, especially when we were out in public.

I was worried that people would judge me for having such an unruly bush of hair in my armpits. I started to avoid going out and becoming more and more reclusive.

Eventually, I realized that I had to do something about my armpit hair. But I was so scared of losing my boyfriend’s approval that I just couldn’t bring myself to do it.

I was stuck in a vicious cycle of wanting to shave but being too scared to do it because I did not want to disappoint my boyfriend.

I stayed in the bathroom all night, and eventually my boyfriend came in and found me. He told me that he loved me and that my armpit hair was beautiful

I never ended up doing it, and now I’m stuck with an unruly bush of black hair in my armpits.

Well, as long as my boyfriend loves it, its fine I guess.

My 22F Girlfriend cheated on me 25M with her ex boyfriend, got pregnant and made me believe the child was mine.

I, 25yr(m) got cheated on by my 22yr(f)old girlfriend with her ex-boyfriend and she made me believe the baby she was carrying was mine. There’s a lot of events that preceded the said event of me being made to believe I was going to be a father.

I met this girl about a year and 6months ago. The r/ship kicked off nicely. She was a nice girl—at least I thought —and she was very pretty too. Our relationship was smooth sailing in the beginning although we had issues here and there like any other couple. She, was staying about 30-40mins from my place. I am already a young professional who has already finished school and kick-starting his career. She was in the course of completing her studies. So this meant she was staying at a student accommodation/ residence as they call it.

I did not have a problem with this as she would visit me regularly; almost everyweek/weekends most of the time. Things took a turn of the worst when the visits started becoming less frequent and she would always claim she is busy or whatever silly excuse she had at the time. I didn’t want to be selfish and want to have her all to myself with the little time she has to herself considering she was a student and most of her time outside of school she would spend with me. That was my mistake.

The visits became less frequent and this bothered me as time went by because I had suspicions she was starting to spend time with somebody else. However, I didn’t think too much into it as I thought oh no she is an innocent girl and would never for whatever reason do such a thing to me given how good our relationship was. Wrong!

I later discovered that she had been secretly meeting up with one of the ex boyfriends who goes to the same school as her. How I found out would need me to write another story. I confronted her about it and she had no choice but to admit it as I presented her with an overwhelming amount of evidence proving the fact. At this point I also found out they have slept together and I just wanted to know why. Why did she betray my trust like that and what led her to the said incident as I have been nothing but good to her. She insisted she was in a bad space and needed someone to talk to and one thing led to the other and she was sorry.

She told me she would understand if I cannot forgive her for this act as she is fully aware how wrong of her that was, and she would understand if I want nothing to do with her. I should have listened! I should have listened to her then. Because what is about to follow is a series of events that led to her making me believe the child she was carrying was mine.

We talked things out and she apologized and I had fully forgiven her for this as she was sincere and sorry about what she did. Fast forward to 3 months later we find out she is pregnant. Surprise! at this time she had told me that she had cut all communication with her ex boyfriend and they weren’t in contact in anyway. I later discovered that she told him about the pregnancy. However, did not tell him that she was actually in a relationship and there is a potential father of this child as she already knew what she had done. I confronted her about this and she confessed that she contacted him yes, but her reasons were that she wanted him to back off so that she can continue living her life with me who is the father of her child and partner. I gave her the benefit of the doubt.

I will now fast forward to when the baby was born and I went to visit them soon weeks after she went to labor. I spent time with them and everything was nice, we were happy that we were having a baby and I was super excited of the idea that I am now a father. There were conversations preceding her going into labor between us pertaining the paternity of the baby and I explicitly asked her; is there by any chance I am not the father of this baby. She reassured me that I am the father and I should not be worried about me not fathering the child. Also, I was not about to question a heavily pregnant woman about the paternity of what could potentially be our baby. That made me feel horrible and I stopped questioning her about this.

Coming back to when the baby was born; two months after the baby was born I later discovered that she had again rekindled her relationship with the said ex boyfriend and she was bringing the child for him to see behind my back. Mind you this guy does not know that there is already an ‘existing’ father of this baby. At this point I catch her out in the act and her whole lie is unrevealed. We fight over this and I request a DNA test done so we can finish this and rule out any uncertainty.

We continue to be a couple and raise the baby together. However, I told her it was only fair for the other alleged father to also contribute towards the maintenance of the child until all facts are on the table as I had been the one supporting them throughout her pregnancy and postpartum. This happens for a period of about 2 months before the DNA test is done.

Early this year the results came out saying I am not the father of this child. I am distraught, to say the least. I am disappointed in myself and for putting so much trust in one person who did nothing but break it, and my heart into pieces. I have since kicked them out of my place with her child and told them they can go live their happy lives with their newly found family. To be honest, this hurts me so much. I don’t go a day without thinking about them. I have already formed a solid bond with what was to be my child. Not to mention my said ex-girlfriend. All the life I knew and was preparing myself for is all gone now. I’m miserable AF.