Nicole Lapin

No, no, just in general.

We're done with the paddles.

Yeah, I mean, there are a lot of tax-advantaged accounts that I would put my money in first and then go to taxable accounts.

So, like, if you look at

HSAs, if you look at 401ks, IRAs, or Roth or a backdoor Roth, a year, a person who's making $100,000, $300,000 can put about $35,000 into those tax-advantaged vehicles.

And so once you get those, and by the way, any match is obviously free money.

Half of people say no to a 401k match, which is like saying no to a raise.

Yeah, that's dumb.

Yeah.

But so do that at first and then like a taxable brokerage account, which is where you can get low cost S&P 500 index funds and the rest of it.

And if you want passive income from that, then I like to think of like $50,000 a year for every million-ish that you have.

So without touching the principle, what you can get as income to live on.

It's a good rule of thumb as you're trying to think about passive income.

Don't fall into the

rabbit holes of the internet that's like, you can do this passive thing.

It's so simple and easy.

It's not.

It's a bumper sticker.

Let's go.

If you answer the question really honestly with what do you want financially, what's going to make you happy?