E. Honda

You need a lot less than $10m to spend $35k/mo if you're running "Buy, Borrow, Die" because you won't need to pay any taxes on the gains. Using this year as an example, someone who started with $5m is up about $1.4m so far, and that's just running a 100% S&P 500 portfolio. If you were in a lot of Big-tech this year, the number would be closer to $7m (from a $5m start, so a $2m gain this year). To run the "Buy Borrow Die" strategy, you need a taxable account and then you just borrow against the account on a monthly basis which pays all of your bills, including your mortgage. As you can see from the above chart, on any of the months this year, you've been able to spend $35k without having any issues. Again, you pay no tax this way. Any dividends received will reduce the amount that you owe to the brokerage. There's no mandatory re-payment schedule, so you can just run this until you die, and assuming that the market goes up a low 6% (inflation adjusted) CAGR per year for the next 30 years, your $6.3m today will be north of $44m. Your borrowed amount also does not show up on a credit pull. The rate at which you can borrow at will be close to Prime (FFR) + a small spread. There's also Pledged Asset Lines if you want to move the margin risk around a bit. The main risk with this strategy is if you're concentrated in one large non-diversified position, the maintenance requirements might change depending on how much you've borrowed.