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by keiferski 2743 days ago
My first answer has already been covered by everyone else: you'll regret this, it's a bit childish, and you probably will stop growing as a person.

That out of the way: this is very doable if you can do the following things:

1. Earn at least $1,500 per month from a remote source of income. This can be a part-time job, a business, or even just saved-up money. If you somehow have $200,000 or more, you can almost live off the interest / long enough to build whatever business you want. At $1,500 per month, 200k will last you over a decade. See http://www.reddit.com/r/leanfire for more information.

2. Are okay with living in a place like Poland, Czechia, Hungary, Slovakia, eastern Germany, Spain, Portugal, Croatia, Serbia, rural Italy, etc. If you're European, this is easy. If you're not, you'll also have to deal with visa issues. In America, there aren't as many places where you can live an okay life on $1,500 a month, but it's doable in smaller towns in the midwest or south.
2 comments
ASpring 2742 days ago
I think there are a great many places in the US where you can live a good life for 1500 a month. In many college towns you can find an apartment for <$500 a month and there will still be a decent amount of culture from what the college brings in.

I lived in one of these towns for a few years and was incredibly happy with my lifestyle and spent around $1500 a month.

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keiferski 2742 days ago
True but your lifestyle in say, Belgrade or Budapest would be much better.
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heldrida 2742 days ago
Isn't interest around 1 percent year average savings account? That's not 1,500 monthly, correct me if I'm wrong
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keiferski 2742 days ago
Yeah, it’s not really enough unless your expenses are extremely low. But if you’re okay with living in a private room (in a shared apartment) and eating all meals at home, you can live on $500 a month in many places in Portugal, Spain, Serbia, Hungary, etc. 3% is a reasonable rate to rely on, and 3% of $200,000 is $6,000 per year.

In any case, that seems extreme. I’d recommend using the $200,000 as a 10+ year runway to build your business instead.

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