- Oct 9, 2013
- 3,471
- 14,474
This is exactly my though.
Basically, you can manage and outsource any project with enough funds. That counts as 'set and forget'.
Even if you have $10 mil to invest, you can't start a business and expect it to be set and forget.
Did Elon Musk? Did Jeff Bezos? Nope. They both work crazy hard.
What you *can* do is invest your money into an index fund and make 10-12% per year, so if you've got $5mil to invest, you can make about $500mil/year. Before taxes of course.
But then again, if you have millions , you don't need more money unless you are greedy.
This is just stupid. For so many reasons.