Hi, I'll be enrolling in graduate school in 2018 for a 2 year Masters program. I've been working five years and should have $125,000 saved by the end of 2017.
I've decided I'm going to invest the full amount and would like to survive to the extent possible off of dividends/coupons/distributions. There are two reasons why I'd like to work towards a strategy that involves fully investing and surviving off dividends rather than spending this money:
First, if I spend say $30,000 out of $125,000 over the course of two years--rather than invest it--then I've missed out on potential growth in the stock market during that period. Second, my medical condition really makes my future uncertain, and I'm unsure if I can survive the rough and tumble corporate work given a high degree of lethargy and narcolepsy caused by sleep apnea, severe bladder problems and insomnia (been to 6 specialists over 4 years with 0 solutions). So basically I have money now, and I'd like to invest in high yielding assets because I'm honestly unsure if I'll ever have this much money later on.
I think I can survive off $10,000 to $15,000 per year because my car is functional and paid off, and I live with my family--although it won't be a luxurious life. So food, gas, clothes and possibly health insurance will be my only expenses. As far as tuition, its a cheap state school and I can get close to a full ride based on my standardized test scores and grades.
Thanks in advance!
Submitted February 20, 2017 at 02:45AM by DrMcNutt http://ift.tt/2lcDzJF
