[mlguy456]

TBH, 50k wouldn't help. It's a petty amount of money when it comes to investments. On average you can aim at 3% per year. That should be enough to support your lifestyle which is 30k if you are ok with being frugal. Would you live like a homeless if you had 1M in your investments accounts? No, you'd be paying off mortgage on a nice house while figuring out how to make more money, deal with inflation and rapidly rising property taxes, so you won't end up on streets when you retire. If 50k could solve your problems, I'd give it to you now because I believe that fixing someone's life is worth way more than 500 hundred dollar bills.

[RickJWagner]

You don't need 50k all at once. You need a little bit of money from each paycheck, saved and invested for years.

Here's an example, a low-paid guy who ended up with a big pile using just that plan. It really works!

https://www.goodnewsnetwork.org/frugal-carpenter-cut-corners...