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that's sweet gig. at this point, you're only a few dead people away man.
yeah I'd be happy with a million dollars. And I'd be smart enough to live in an area where the million goes as far as it can...like Africa, I could live like a KING!
that's sweet gig. at this point, you're only a few dead people away man.
Unfortunately, 1 million net worth is not that big a deal, especially if you have kids to put through college and want to live a reasonably comfortable retirement.
It's always the millionaires that say it isn't that big a deal!
heheheIt's always the millionaires that say it isn't that big a deal!
The problem is that if you sell all your cool stuff (house,business,toys etc.) to get liquid then all you've got is a ing rocking chair and money left and life would be boring as . I figure that I will still probably work till at least 70 so I can keep the lifestyle and the toys.
You're only going to work for 2 more years???
You're only going to work for 2 more years???
hehehe I've still got a few more years than that. I have to admit I have considered cashing out now and buying a ranch in Montana but am pretty sure the SO wouldn't go for it.
I would invest in an independent film and blow it all.
1 million dollars in a high yeild CD where you get sent the interest check is the way to go... That right there would cover a house payment for a decent sized house.
Take 1,000,000.00 multiply by the interest rate (lets say 5.25 which is not unreasonable for a bank to give you for having that ammount of money with them) multiplied by the number of days in the month devided by 365.... that gives you around 4000.00 a month worth of interest. most people could live off of that comfortably.... I know I could.
I'd rather do that then pay for a house outright and be broke. just make additional payments on the mortgage to get it done quicker.
People these days just dont think.
Are you kidding me? You think that it is better to give all you capital away just to avoid debt?
You don't think you can grow your money faster than a the low fixed mortgage rates available? Why do you think that millionaires and billionaires borrow when they have the money?
Have you ever heard the adage it takes money to make money? Not to mention it takes debt to build credit. Good luck to you in your financial future if that remains to be your outlook.
Hence the reason most Americans live paycheck to paycheck. They dont know what to do with their money (Im one to talk though, Im stuck in that boat until I can at least get rid of one CC bill, which should be in a few months).
How could you not be happy with it? Invest it all and you could live off interest alone. Keep your job and you have massive disposable income to live in relative luxury the rest of your life. If you lose your job you have a massive cushion to fall back on until you do get a new job.
My dream would be to invest it all and own an NBA/NFL franchise.
1 million dollars, not 100 million dollars.
I think he means taking the 1 million and investing it heavily into high risk investments hoping for a big payout, then re-investing over and over, or starting his own business in hopes of hitting it big enough to have the capitol for an NBA team
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