If you are a multimillionaire, the idea of spending just 5% of your wealth every year sounds downright frugal.
果你是个千万富翁，每年只花掉自己财富5%的想法听起来好像太节俭了。
It turns out, anything over 3% can blow a giant hole in your fortune over time.
实际情况是，只要年支出比例超过3%，经年累月你的财富就会出现一个巨大的窟窿。
According to a Dow Jones article citing calculations by Genspring Family Offices, a wealth-advisory firm in Florida, families that spend more than 3% of their principal every year have a slim chance of having any money left in 30 years.
道琼斯的一篇文章引用了佛罗里达州财富顾问公司Genspring Family Offices的一项测算，如果一个家庭每年花掉财富本金的3%以上，30年后这个家庭还有任何财富留下来的几率非常低。
Here is how it works. Say a family has investments that are allocated to 50% growth, 45% defensive and 5% cash. Assume an annual pretax return of 8.29%. Now subtract capital-gains taxes and add into the mix an inflation rate of 3%.
具体是这么算的：假设这个家庭的投资配置为50%的成长型，45%的防御型，还有5%的现金，每年的税前投资收益是8.29%。现在扣除资本利得税，并引入每年3%的通货膨胀率进行计算。
If that family spends 1% to 4% of its principal a year, it has an 85% to 100% chance of having any money left over in 30 years.
如果这家人每年花掉本金的1%到4%，那么30年后还能保住一部分财富的几率在85%到100%之间。
Here is the scary part: if it spends 5% to 10%, it have zero chance.
令人害怕的是：如果每年花掉5%到10%，那么30年后有钱剩下来的几率为零。
Genspring also did calculations to figure out what a family could spend to preserve its principal over the 30 years. If the family spends 1% of the principal a year, it has a 92% chance of preserving its fortune. At 2%, the chances drop to 77%, and at 3%, the chances drop to 52%.
Genspring公司还做了一些测算，思考一个家庭该如何开支才能在30年后保住本金。如果这家人每年花掉本金的1%，则有92%的几率可以保住本金。如果每年花2%，则几率降至77%。每年花3%，则几率降到了52%。
If the family spends 5% to 7% of its principal, it has have less than a 13% chance. Of course, this assumes the family isn't bringing in other sources of income. And the numbers assume that the wealthy want to their money to last generations, rather than enjoying it and spending it down.
如果一个家庭每年花掉本金的5%到7%，那只有不到13%的机会能保住本金。当然，前提是这个家庭不再增加新的收入来源。这种测算基于的假设是：有钱人想把自己的财富传承下去，而不是在有生之年尽情享受，能花多少花多少。
Yet at a time when the wealthy seem to be regaining their appetite for conspicuous spending, the magic of three is worth remembering.
等以后年景变好，有钱人又想大手大脚花钱的时候，不妨想想3%这个神奇的数字。
Do you spend more than 3% of your investments every year?
你每年花出去的钱超过投资本金的3%吗？
Robert Frank
- wealth [welθ]
n.财富，财产 (初中英语单词) - florida [´flɔridə] n.佛罗里达 (初中英语单词)
- principal [´prinsəpəl] a.主要的 n.负责人 (初中英语单词)
- annual [´ænjuəl] a.每年的 n.年刊 (初中英语单词)
- preserve [pri´zə:v] v.保藏 n.保藏物 (初中英语单词)
- income [´inkʌm] n.收入，所得 (初中英语单词)
- wealthy [´welθi] a.富有的；丰富的 (初中英语单词)
- appetite [´æpitait] n.欲望；食欲 (初中英语单词)
- conspicuous [kən´spikjuəs] a.显著的；出众的 (高中英语单词)
- defensive [di´fensiv] a.&n.防御(的) (英语四级单词)
- downright [´daunrait] a.直率的 ad.彻底 (英语六级单词)
- subtract [səb´trækt] vt.减去，扣除 (英语六级单词)
京公网安备 11011202003401号
