No one wants to work in retirement. But if you consider how valuable your time is, then working part-time may be something for you to consider. Let’s say you can make $1,000 dollars a month doing something you like to do. That’s $12,000 a year on the plus-side. Imagine how much money you need to invest to generate that kind of money. Let’s take risk out of the equation and assume the 10-Year Treasury as the best risk-free choice. Today it yields around 2.6%. You would need to have $461,538 in 10-Year Treasury’s to generate $12,000. That’s a lot of money to invest when you could do it without anyone’s help other than your own.
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E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at firstname.lastname@example.org.