andyb
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Post by andyb on Jun 17, 2016 11:38:53 GMT
hi all,
i know it could be deemed vulgar to talk about but I find it to be interesting, exciting and also makes me more determined to reach my goal.
i have only just started my journey into high % interest investing so currently only get around £50 a month interest across my investments but I am determined to keep topping it up monthly and reinvest every penny. My aim is to carry on for 25 years at which point I would have enough to be able to live off the interest alone and have the large lump sum of capital there as well. i have a long way to go!
so does anyone here earn enough from interest alone to be able to live off it?
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goopy
Member of DD Central
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Post by goopy on Jun 17, 2016 11:48:56 GMT
Nearly  |
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am
Posts: 1,495
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Post by am on Jun 17, 2016 11:51:56 GMT
hi all, i know it could be deemed vulgar to talk about but I find it to be interesting, exciting and also makes me more determined to reach my goal. i have only just started my journey into high % interest investing so currently only get around £50 a month interest across my investments but I am determined to keep topping it up monthly and reinvest every penny. My aim is to carry on for 25 years at which point I would have enough to be able to live off the interest alone and have the large lump sum of capital there as well. i have a long way to go! so does anyone here earn enough from interest alone to be able to live off it? Maybe. The current rates on cash are so low that I'm not sure whether my interest income still covers my frugal life style. If you add in dividends then my income does exceed my expenditure. There are people around here who are seriously wealthy.
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Post by dodgeydave on Jun 17, 2016 11:54:11 GMT
It depends what country you live in.
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Post by wildlife2 on Jun 17, 2016 11:57:15 GMT
Or what planet you're on  I am hoping to be able to live off interest/dividends, but am being very cautious.
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puffin
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Post by puffin on Jun 17, 2016 11:58:15 GMT
hi all, i know it could be deemed vulgar to talk about but I find it to be interesting, exciting and also makes me more determined to reach my goal. i have only just started my journey into high % interest investing so currently only get around £50 a month interest across my investments but I am determined to keep topping it up monthly and reinvest every penny. My aim is to carry on for 25 years at which point I would have enough to be able to live off the interest alone and have the large lump sum of capital there as well. i have a long way to go! so does anyone here earn enough from interest alone to be able to live off it? Yes, it's all a spectrum of risk vs return. Low risk in banks gives 0% return, extreme risk and extreme return available via betting. There is also a matter of how much of your personal time it takes, as some earn good daily interest on betting markets but it's effectively a full time job to manage the position.
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Post by lb on Jun 17, 2016 12:04:46 GMT
hi all, i know it could be deemed vulgar to talk about but I find it to be interesting, exciting and also makes me more determined to reach my goal. i have only just started my journey into high % interest investing so currently only get around £50 a month interest across my investments but I am determined to keep topping it up monthly and reinvest every penny. My aim is to carry on for 25 years at which point I would have enough to be able to live off the interest alone and have the large lump sum of capital there as well. i have a long way to go! so does anyone here earn enough from interest alone to be able to live off it? Yes, it's all a spectrum of risk vs return. Low risk in banks gives 0% return, extreme risk and extreme return available via betting. You can lend money to Will hill for the next 6 days and get a ~ 50% return (2,600% annualised) by betting on Remain at 1/2
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sam i am
Member of DD Central
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Post by sam i am on Jun 17, 2016 12:09:37 GMT
Yes, it's all a spectrum of risk vs return. Low risk in banks gives 0% return, extreme risk and extreme return available via betting. You can lend money to Will hill for the next 6 days and get a ~ 50% return (2,600% annualised) by betting on Remain at 1/2 The polls would indicate an increasing probability of default on that one. According to the government, in this event there would be little chance of recovery...
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goopy
Member of DD Central
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Post by goopy on Jun 17, 2016 12:10:36 GMT
It depends what country you live in. I'll be living in LOS myself at the end of October. Can live well for a lot less than the UK. 
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oldgrumpy
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Post by oldgrumpy on Jun 17, 2016 12:12:06 GMT
My P2P investment interest has been paying for my "five a day" for ages  Attachments:
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Post by lb on Jun 17, 2016 12:14:29 GMT
You can lend money to Will hill for the next 6 days and get a ~ 50% return (2,600% annualised) by betting on Remain at 1/2 The polls would indicate an increasing probability of default on that one. According to the government, in this event there would be little chance of recovery... I am happy with the provision fund and its implicit guarantee where MP's decide to ignore the hoi polloi anyway
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Post by dodgeydave on Jun 17, 2016 12:22:04 GMT
It depends what country you live in. I'll be living in LOS myself at the end of October. Can live well for a lot less than the UK. A good few Baht cheaper. But dont tell everyone .
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Post by hazzo on Jun 17, 2016 12:22:13 GMT
hi all, i know it could be deemed vulgar to talk about but I find it to be interesting, exciting and also makes me more determined to reach my goal. i have only just started my journey into high % interest investing so currently only get around £50 a month interest across my investments but I am determined to keep topping it up monthly and reinvest every penny. My aim is to carry on for 25 years at which point I would have enough to be able to live off the interest alone and have the large lump sum of capital there as well. i have a long way to go! so does anyone here earn enough from interest alone to be able to live off it? VERY VERY Vulgar.....but as you're asking ......... no, I'm not.......not yet!!
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vmail
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Post by vmail on Jun 17, 2016 12:39:50 GMT
At this point in time, I could quit my job
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adrianc
Member of DD Central
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Post by adrianc on Jun 17, 2016 12:55:41 GMT
There's a very simple answer to the OP's question.
We're all earning the same amount of interest.
12%...
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I am hoping to be able to live off interest/dividends, but am being very cautious.
