I will have an investment fund that would provide me with the majority of my income. This is essential to keep me living on my own, and making the $1,000,000 a viable option for finances. With that said, the investment fund is very important even though I will also be generating income from the apartment rental.
The investment fund will be calculated in the formula below. The remaining 25% will go to the Money Market account for taxes. The formula is as follows:
$5,000,000×.09÷12×.75 = $2,812.50 per month.
This is a little more than double of what I will receive with SSI. As you can see, even if I would want to continue to rent, an average 1BR is $2,500 per month, and that would leave me with $312.50 for everything else with no subsidizations. This means food, health insurance, renters insurance, and transportation to to mention the bills I am still responsible for. The only way this can be sustainable is by owning my house that I will have, and charging rent to get an extra $930 with the net amount of the rent. By addressing everything, I will be able to live well enough. I won’t change much with my lifestyle, and my bills will eat up much of the money I will receive.