Nicole Lapin

Oh, wow.

She has a whole, like.

Your daughter is rich.

My daughter is a rich girl.

Yeah.

For debt?

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