Replies to post #57265 on GrowLife Inc (fka PHOT)

[The Whale]

I just want a cabin in Montana with a river in my back yard and a lot of grizzlies. PHOT.

[Egnar]

You could retire off 500,000 I guess but only if you live frugally and what's the point really?

You're forgetting taxes which will eat up 20% ( if you're long ). Leaving you with $400,000.

With an 8% a year growth you're looking at a yearly income of <$40,000 pre-tax... And running the risk of course of a few bad recession years destroying you all together.

[doubleeagle]

Very easy to squander 500k if not working. Look at lottery winners majority are broke and in poor health. Stay employed my friend or create jobs. be a part of life..and enjoy this wonderful life we've been givin.