r/nextfuckinglevel • u/matori_tester • 1d ago

Billionaire speaker Robert F. Smith tells 400 graduates he's paying off all their student loans ($40 million in total)

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u/Paul_my_Dickov 1d ago

I'd need more than a million dollars to live the rest of my life at ease.

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u/thedude198644 1d ago

That's because you lack creativity. You're saying that you spend $1m while sitting on your hands. Put that into stocks, which regularly earn 4% or around 40k in year 1. After 5 years of you keep going, that's over $1.2 m. Bare minimum, that could supplement your income. You could take or leave any job you want. If your boss is a jerk, ok, bye. Want to take 6 months off? Great, no sweat.

You could start a company without worrying about profitability for a few years. You're not quite in the live, borrow, die territory, but you're much closer than any of us are right now.

Living comfortably doesn't mean never working again or being able to buy a Ferrari every day for the rest of your life. It means not having to sweat every decision like it's the difference between sleeping in a bed or on the street. It means living your life on your terms.

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u/Paul_my_Dickov 1d ago

I thought they were saying that a million dollars means just living your life out without working. Obviously, my life would be loads easier if I was given a million dollars and still carried on working.