A Nanjing college student joins the ER ranks...
Student wins lottery, leaves school | Oddly Enough | Reuters
Per capita income in China's urban areas is roughly $1,900 a year and about $600 a year in rural areas.
It appears that a 4% SWR on his $683K jackpot is order-of-magnitude overkill for his neighborhood's cost of living.
I think the college is beginning to realize that he's going to complete his education via alternative-lifestyle institutional experiential studies...
Maybe we should be learning Cantonese instead of frugal living.
The book written on E-R.org, "The Military Guide to Financial Independence and Retirement", on sale now! For more info see "About Me" in my profile.
I don't spend much time here anymore, so please send me a PM. Thanks.