<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > An old piece of paper

An old piece of paper

January 13th, 2008 at 11:19 pm

I was looking for my perpetucal calander today. A friend had a birthday today, but had no idea what day of the week she was born on, so i told her.
While searching for that in my desk, I came across a calculation that I had made many years ago.
I was figuring out how much money I would need in CD's to earn enough interest to live on.
I figured that we could live just fine on $24,500 a year. I just wonder how many years ago I figured that amount out? It sure would not be very practical today. Of course, I do know that some people do live on that amount so it is possible. We would certainly have to downsize and I guess we are not ready to do that.

Posted in Uncategorized | 6 Comments »

6 Responses to “An old piece of paper”

  1. luxliving Says:
    January 14th, 2008 at 12:43 am 1200271382
    1200271382

    That was probably BEFORE you learned about inflation Ima!

  2. Brooke Says:
    January 14th, 2008 at 12:58 am 1200272314
    1200272314

    I think you could still do it! I guess it does depend upon where you live!

  3. Aleta Says:
    January 14th, 2008 at 01:49 am 1200275374
    1200275374

    Ima: Did you find the perpetual calendar? I have one if you need to know a certain date.

  4. disneysteve Says:
    January 14th, 2008 at 02:34 am 1200278075
    1200278075

    Here's a perpetual calendar for anyone who needs one:
    http://www.timeanddate.com/calendar/

    Julie - My mom lives on somewhere around that. In fact, since selling her house last year and moving to an apartment, she probably lives on even less that that. Renting is saving her about $700/month over owning her home between lower costs and more money invested earning interest.

  5. Broken Arrow Says:
    January 14th, 2008 at 02:06 pm 1200319606
    1200319606

    Wow, I wish I had that kind of passive income.

  6. Ima saver Says:
    January 14th, 2008 at 02:43 pm 1200321811
    1200321811

    Yes, I found the calandar. I think I could live on that amount if I downsized to a small house and only had one car. I would obviously have to get rid of dh!! He is all about cars!!

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]