In “The Samurai Method To Maximizing Investment Returns,” I mentioned a long-term goal of accumulating $10 million in stocks and bonds in order to generate at least $200,000 a year in dividend income. $10 million sounds like a lot, but dreaming is free, and I dream all the time because I’m frugal.
Using the slice and dice methodology, I’ve got specific value and income target goals for real estate, risk-free income, book sales, P2P income, and online income in addition to stocks and bonds. Everything is neatly partitioned so I can have a clearer focus on how to maximize effort and income.
But what if $10 million after-taxes just fell into your lap? Would your life really change if you didn’t have a day job, or loved your day job, and had enough food, clothing, and shelter? I’m not so sure anything would change at all!