- Jul 15, 2014
- 28,632
- 47,616
It is if he had say $1.5 in cash/cash equivalents and chose to put $500K down at what, approximately 4% interest while the other $1M is earning what % above that?He seems to have a good head on his shoulders, I think all those concerned about his financial well being need to relax.
That being said, even with a high six figure gross income, it is really not "easy" to pay $12000 or more a month of post tax dollars. That is still nearly 35-40% of your post tax dollars, most of it wasted on interest.