I have a challenge for everyone. Let’s say that you agreed to appear on one of those new reality-based shows. Only instead of dining on bugs or being locked up with some obnoxious people , the object of this game is to live on as small a net worth as possible for one year.
The game rules:
- Assume that for the duration of the game, you’ll be single, healthy, with no dependents, portfolio withdrawals will be your only source of income and would need to be 5% or less of your total net worth.
- Creativity counts. You lose points if you choose a lifestyle that would <ahem> necessitate doing without basic human needs.
That’s it. So, the questions are:
1) How much was your winning portfolio?
2) What was your lifestyle and breakdown of major expenses?
The game rules:
- Assume that for the duration of the game, you’ll be single, healthy, with no dependents, portfolio withdrawals will be your only source of income and would need to be 5% or less of your total net worth.
- Creativity counts. You lose points if you choose a lifestyle that would <ahem> necessitate doing without basic human needs.
That’s it. So, the questions are:
1) How much was your winning portfolio?
2) What was your lifestyle and breakdown of major expenses?