Belly35
Posts: 9,716
Jan 24, 2011 12:06pm
How much is enough
How much would you have to win in the lottery to be comfortable, enjoy some of the finer things in life and not have to work?
Don’t include providing for your older kids / other family members, just you and your wife / husband and or those still living with you now.
Reviewing my age, wife age, our present living standard, debt, goals and general comfort level I would like to enjoy (travel, vacation home and hobbies) … I don’t know.
What is greedy and what would be reasonable?
If the lottery commission said to you won now tell us what you need it's yours?
How much would you have to win in the lottery to be comfortable, enjoy some of the finer things in life and not have to work?
Don’t include providing for your older kids / other family members, just you and your wife / husband and or those still living with you now.
Reviewing my age, wife age, our present living standard, debt, goals and general comfort level I would like to enjoy (travel, vacation home and hobbies) … I don’t know.
What is greedy and what would be reasonable?
If the lottery commission said to you won now tell us what you need it's yours?
justincredible
Posts: 32,056
Jan 24, 2011 12:11pm
I'd be set with $5 million.
ernest_t_bass
Posts: 24,984
Jan 24, 2011 12:13pm
All of it.
sleeper
Posts: 27,879
Jan 24, 2011 12:30pm
It's never enough. Even if I won the lottery at 200-300 million, I would spend the rest of my life trying to turn those millions into billions. Once I get the billions, I will try to turn those into trillions, and you can take that to the bank.
CenterBHSFan
Posts: 6,115
Jan 24, 2011 12:32pm
$400 trillion dollars should do it.
Greedy? Yes! Reasonable? Also yes!
Greedy? Yes! Reasonable? Also yes!
McFly1955
Posts: 1,441
Jan 24, 2011 12:32pm
I could make it happen on 2-3 million, easy...
sleeper
Posts: 27,879
Jan 24, 2011 12:35pm
CenterBHSFan;650375 wrote:$400 trillion dollars should do it.
Greedy? Yes! Reasonable? Also yes!
If someone of your intelligence ever obtains $400 trillion, we'd have to experiencing hyperinflation on steroids.
ernest_t_bass
Posts: 24,984
Jan 24, 2011 12:36pm
I'd be happy with $1 million, after taxes. With debt paid off, my wife would not have to work, and we could live comfortably off my salary.
M
MontyBrunswick
Jan 24, 2011 12:36pm
justincredible;650352 wrote:I'd be set with $5 million.
Likewise
W
WebFire
Posts: 14,779
Jan 24, 2011 12:43pm
ernest_t_bass;650383 wrote:I'd be happy with $1 million, after taxes. With debt paid off, my wife would not have to work, and we could live comfortably off my salary.
Question was...
How much would you have to win in the lottery to be comfortable, enjoy some of the finer things in life and not have to work?
CenterBHSFan
Posts: 6,115
Jan 24, 2011 12:44pm
You're damn right!sleeper;650382 wrote:If someone of your intelligence ever obtains $400 trillion, we'd have to experiencing hyperinflation on steroids.
j_crazy
Posts: 8,372
Jan 24, 2011 1:00pm
if i won 5 million after taxes that's roughly 3 million (rounding down). I could do that. pay off all of my debt (aka, the new truck and the house, and my final student loan). Put my current house on the market and wait until i get an offer i like to sell (aka i'm not going to lose money on the house if i don't have to), once i sell this house, pack up and move to OH, build my dream house on my family's old farmland, maybe invest some of my money into my own oil company, and live it out from there. my problem is that seemingly i'm going to have about 12 kids and i'll need to pay for some tuition down the line.
S
Sonofanump
Jan 24, 2011 1:02pm
$6.375 Million (after taxes and taking the cash sum) based off of current (and expected increases) salary of both of us and inflation not exceeding rate of return on the savings and investments made with the majority of that money.
BORIStheCrusher
Posts: 1,893
Jan 24, 2011 1:05pm
I would be pretty greedy because I would spend a lot, maybe $50 - $100 mill. But at the same time I might open my own business (something I enjoy doing), I couldn't just do nothing for the rest of my life.
Belly35
Posts: 9,716
Jan 24, 2011 1:34pm
Owning your own business: Which part of working 24/7 or having to deal with people, vendor and customers, problems comes with owning a bussiness and all the potential tax issues does a individual want if they have enought money not to work or be a business owner.
Don't kid yourself having enought money not to work ... your business will fail ... What the insentive? Ownership buy a dog...
Don't kid yourself having enought money not to work ... your business will fail ... What the insentive? Ownership buy a dog...
j_crazy
Posts: 8,372
Jan 24, 2011 1:41pm
Belly35;650492 wrote:Owning your own business: Which part of working 24/7 or having to deal with people, vendor and customers, problems comes with owning a bussiness and all the potential tax issues does a individual want if they have enought money not to work or be a business owner.
Don't kid yourself having enought money not to work ... your business will fail ... What the insentive? Ownership buy a dog...
i'm just saying that right now (with only 1 kid and a 2nd on the way) 3 million would probably do us just fine. but realistically i'm probably going to end up with 4-5 kids (before i say fuck it and have the V-Job done) and 3 million certainly wouldn't be enough.
honestly, i'd take 500k right now (after taxes of course) pay off everything, put the remainder in the bank/ Roth/ Trust Fund, keep working and retire at 50, instead of 60 or 62.
ernest_t_bass
Posts: 24,984
Jan 24, 2011 1:43pm
WebFire;650395 wrote:Question was...
Indeed it was, indeed it was. I lolFAIL'ed.
brutus161
Posts: 1,686
Jan 24, 2011 1:59pm
10 million. This would allow me to pay off all debts, buy a nice house, provide for my family, and play alot of golf.
BORIStheCrusher
Posts: 1,893
Jan 24, 2011 2:21pm
Belly35;650492 wrote:Owning your own business: Which part of working 24/7 or having to deal with people, vendor and customers, problems comes with owning a bussiness and all the potential tax issues does a individual want if they have enought money not to work or be a business owner.
Don't kid yourself having enought money not to work ... your business will fail ... What the insentive? Ownership buy a dog...
My point was that at 27 (almost 28), I couldn't just do nothing for the rest of my life. I would just consider taking one of my hobbies a little more professional.
Fab4Runner
Posts: 6,196
Jan 24, 2011 2:35pm
My stepdad and I have actually had this conversation and I believe it would have to be at least 2 million after taxes.
Laley23
Posts: 29,506
Jan 24, 2011 2:43pm
50 Million. I want houses in way to many parts of the world. I could make it work with just about an amount, but to live the way I have always wanted too (about 15 houses in the world) I'd need more.
4cards
Posts: 2,551
Jan 24, 2011 2:46pm
...Everyone that wins gives a lot of it away (as would I) , so I'd say after the give aways.........30 mil to me after taxes would work out just right.
R
raiderbuck
Posts: 1,623
Jan 24, 2011 4:28pm
$100-$150k a year for like the next 30 years to life...I'd be happy with that. It's enough to sustain me, invest plenty, and then still have plenty leftover for my grandkids' futures
edit...i didn't read anything the OP posted...dur!
So with that...I'd say $10 mil lol
edit...i didn't read anything the OP posted...dur!
So with that...I'd say $10 mil lol
Heretic
Posts: 18,820
Jan 24, 2011 4:36pm
Depends on how long I live. Because, let's face it, if I'd ever win some amount of money ranging into the millions...I'd live like a suicide. Hookers, gambling, drugs, booze, mansions, Amsterdam, all that shit. If my heart explodes out my chest six weeks after collecting the cash, I probably wouldn't have blown through a great deal. But if I keep on rockin' for years and years...let's just say that partying like I would isn't cheap. We're talking like "solo winner of $200+ million jackpot" hedonism right fucking here.
I'd be the guy who won $3M and would be bitching about how I still have to live like a somewhat normal human being so I don't blow it all before the year's out.
I'd be the guy who won $3M and would be bitching about how I still have to live like a somewhat normal human being so I don't blow it all before the year's out.
2kool4skool
Posts: 1,804
Jan 24, 2011 4:46pm
bout tree fiddy