Originally Posted by
Bjauck
I presume your reference to superannuation paying most bills was a joke? For a start you must assume that accommodation cost has been excluded? Not everyone has the same size household or level of bills. A sudden drastic reduction in your previous income will have an immediate effect in being able to pay your usual bills, unless you were saving a large amount out of your previous income.
Your estimate of portfolio value of $750,000 and dividend yield were pre Covid recession valuations? That portfolio may have lost 20% (or more if you had a high dividend yield portfolio)