>>20250435correct. Roughly half of it gets taxed depending on the state. And likely this person is living in a major city with a multiple of the average living costs. Likely saving 100-150k at best.
You'd have to keep this up a decade or two just to hit middle class from dividend-paying stocks (say $2M worth). Most people also spend a shitton trying to cope with the stress or trying to keep up with rich dudes spending 5 figures at the club attracting the literal models living nearby.
I'd only do this if it was temporary to fund an investment that might multiply what I put in.
