Money now is worth more than money later. Especially since it would take almost 20 years to make 7 million at 1000 a day(7000000/1000/365 please correct me if I did that wrong). Also, in that 20 years you'll make about 11 million at 5% compounding interest on 7 million capital. That's without spending anything. Taking out low interest loans to pay yourself back for your expenses shouldn't eat up too much though.
this post was submitted on 01 Nov 2024
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Yeah, thats what you should do