how much money do i need to invest to make \$3,000 a month

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If … If you need \$ 45000 income then you multiply it by 20. I don’t want to sound all 4 Hour Work Week here but outsourcing a business is possible. If you have a million dollars then you have to limit your expenses to \$3000 per month. What if, before we got to full-time trader stage, we could make \$1,000 per month? I used to spend much more time on it until I started to outsource. Mutual funds include stocks, bonds, money market and index funds. It does take some money to make … \$45,000 / .04 = \$1,125,000. If you don’t need to withdraw money in the short term, you can afford to ride the wave of the stock market. If you still want to go down the entrepreneurial path, by all means, do so.
For instance, if you have a portfolio of \$100,000 and you need to generate \$200 a month, you would need an annual return of 2.4 percent to meet that goal. Then divide the \$2,400 by \$100,000. In addition, such information should not be … If someone has money invested and they are living off of the interest alone and they are using 7,000 a month, how much money would they have to have invested to gain that much interet each month… The total to invest would be \$827.936,2 . So you need 36000/(100-20)*100 = 36000/0.8 = 45000.