Saw a show once about a guy who won a big lottery and did things right. He took the lump sum and hired financial planners to help him invest most of it. After everything was said and done, including blowing a few million for fun, he arrived at the point where after taxes he was earning $3000 a day for the rest of his life. That was his rule: Don’t spend more than $3000 a day.
Think about that- every day you wake up with $3000 added to your bank account. Any you have left over at the end of the day is added to tomorrow’s $3000 and it never stops.
I think I could live like that.
I would demand spiritual counseling/direction ...
For comparison, my “invest $25M at 2.0%” advice generates about $1,370 per day, which still ain’t nothing to sneeze at. I’m sure I could keep to that budget if I had to.