The thing is: Will $3m be enough to live a happy life? Especially when inflation keeps soaring like crazy. If you save the money for the long term, your purchasing power will diminish. In times when the economy is collapsing, you should invest your money as much possible. I'm talking about investing in high demand and scarce assets such as Gold, Bitcoin, and real estate.
With each financial collapse, comes a slow and steady recovery process. At least, that's what history has shown us. You should take this opportunity to build your empire. Not waste your money living a luxurious life. $3m invested today, could turn into $5m - $10m in the future. Only smart people are able understand this. Otherwise, have fun staying poor.
Not everyone lives in Mew York or California. Believe me, if I have 3 million dollars then I will never run out of money, not possible, even with inflation. USD inflation is reality, but my nation has worse inflation than USD inflation, so I will be doing fine without much trouble, wouldn't need a dime more.With each financial collapse, comes a slow and steady recovery process. At least, that's what history has shown us. You should take this opportunity to build your empire. Not waste your money living a luxurious life. $3m invested today, could turn into $5m - $10m in the future. Only smart people are able understand this. Otherwise, have fun staying poor.
But if you are worried about spending, then just get 9 houses where I live, that's right I can buy 9 houses with 3 million dollars, probably more but I don't want to get worse houses, or I could get 30 too, but wouldn't be good houses, so 9 houses is enough. With that, I could make at least 9k dollars a month, or I could even make 15-20 range if I can find houses where I want to, and with around 10k dollars a month, I will be able to live greatly.
If inflation rises, the price of rent rises and I make more too. That is a method people use all the time, I don't need to, 3 million would never run out, but if that's what you fear, then this could be done to protect against inflation.