I would like to start this donation page to help me achieve my goal of being self sustainable.
The Idea - IRA accounts can earn generally 7-10% a year in interest. With the right amount in an IRA, after taxes, the interest alone would be enough to live of off.
The Plan - Put enough into an IRA to pay bills and generate enough surplus income to immediately contribute to the following:
- Kids' college funds
- Start my wife's homemade goodies bakery
- Help family with their bills and needs
- Donate to charities
- Help other people achieve their dreams
- Start up a woodshop and create free wood projects
- Create a Scholarship fund for those in desire of higher education
- Give back to my community, schools, and everyone who helped raise me
- Pay off bills (with less bills comes more income to add to other interests)
There are enough rich people in this world that don't help others and only care about making more and more money. I do not want a super yacht, I do not want a private island, I do not want a "house in the hamptons". I want to live a simple life and I want to use this wealth to live below my means and do good in this world.
