Infinity2152 wrote:dougthonus wrote:Infinity2152 wrote:You must be rich, bro.$6,000,000 at a conservative 4% return is $240,000/yr without doing anything. Put it in the SPY and average 6% to %10, that could be as much as $600,000 without any additional outside earnings or investments for life. That $10 mill is added to what he's already earned as an NFL backup, hope he's not in debt already, lol.
I explained in much greater detail later, but the problem isn't that you couldn't live off that money if you knew exactly what you were doing and planned on it to be the only money you will ever have. That would be relatively easy. The problem is fundamentally no one looks at the problem that way, and even decisions that don't seem extravagant in the moment end up being extravagant if this is the bulk of your career earnings.
I hear you, and I agree. Just having a little fun, be nice to have a $6 mill retirement cushion right now.No offense meant.

I wasn't offended. Just noting there's a reason most of these lump sum early career guys go bankrupt. The problem is harder than it seems on the surface to make the money last given the pressures that exist.