The only thing he has to care is, what will he do with health insurance, all other is easy peasy.
Health insurance will not cover everything, there's always a charge for something which no one can predict.
Maybe you make more than 41k a month so for you 15m are peanuts, he will have it from the start.
Nope, I don't even have $1 Million, I'm just a low middle class person.
With your statement, we are all not allowed to live if we are under 10-20-30-40k monthly incomming, because we will have problems in the future, c´mone stay realistic.
You show one example from 8 bill ppl on the planet.
I'm not saying people aren't allowed to live with $40K per month, because it's up to each person choice, if someone choose to live in a jungle, then go for it. But, since this thread someone has an idea to live relying on his passive income, I correct few thing since it's not easy as that to live just relying on passive income.
Do you think any problem raise in the future isn't realistic?
If you have cancer or other diseases that are considered incurable, even if you have billions of dollars, it won't save you, spending millions of dollars just to keep you alive for a few more years. Therefore, depending on each person's financial ability, there will be different decisions.
15 million dollars is not a small amount of money, mate. The US population is 400 million, how many people can have that amount of money, let alone other third countries? That amount of money will be enough for you to have financial freedom and be able to retire anytime you want.
If you think cancer can't be cured, watch few stories on this site
https://www.cdc.gov/cancer-survivors/stories/index.htmlIf you're rich and you've a serious disease, at least you can fight everything you have to cure your disease, instead of give up because you don't have any money left to go hospital and buy medicines.
The real financial freedom is when your passive money enough to cover your family expense, utility bills, transportation, tuition fees, holiday, entertainment, and medical health.