The 0.01% daily wealth spending rule
Nick Mazzulli presented a rule that you can spend 0.01% of your net worth daily (marginal spending) without jeopardizing future wealth, as it approximates a conservative annual return.
Sign in to read the full idea
The argument, what validates it, the risks discussed and hearing it from the source are for signed-in members. Free accounts read 3 ideas in full a day. No card required.