You could invest the entire 800k and the interest would allow you to live on a lot more than 16k a year, wouldn't it?

tk421 wrote: You could invest the entire 800k and the interest would allow you to live on a lot more than 16k a year, wouldn't it?

yeah

That didn't negate anything I said. You can do it and be relatively comfortably but it gets more complicated with a family.

You forgot cell phones and health insurance, factor in food and gas and it gets a little closer.

Like I said, one dude could live comfortably for a long time like you said but a family or if you wanted to live more than average would need employment in addition to all of that money.

A million is still a ton of money, just saying that it isn't an automatic pass to "loaded for life" like it used to be.

LJ wrote:

Glory Days wrote:

I Wear Pants wrote:

lhslep134 wrote: A million dollars, invested in the right way, would definitely allow a family to live very comfortably without working again, so yes, I would gladly take a million bucks.

For how long? Fifty thousand a year would be spent in 20 years.

And it's not like all the people who lose tons of money on stocks/bonds/funds/whatever are ratards. It just isn't as easy to make money off the markets as people would like to think.

But yeah, if anyone feels like giving me the million bucks I am entitled to that would be great.

where did you get $50,000 a year? you could buy a house and car for $200,000 and be done in year one. and still have $800,000 to live off of. which unless you go crazy spending, can last almost 50 years. then again, depending if you want to have a wife and multiple kids, that might come down.

The budgeting nerd in me had to do this...

800k/50= $16000
Car insurance and registration yearly= 550
Property tax and insurance on 165k house= 3000
Utilities= 200 per month- 2400
Cable internet and phone- 100 per month- 1200
-------------------------------------------------------------

8850 or 737 per month to spend on everything else. Totally doable.

thanks for breaking it down. hell you could even work part time a couple days a week at the local laser tag place to make a little spending money. i mean, what isnt awesome about laser tag!?

Glory Days wrote:

LJ wrote:

Glory Days wrote:

I Wear Pants wrote:

lhslep134 wrote: A million dollars, invested in the right way, would definitely allow a family to live very comfortably without working again, so yes, I would gladly take a million bucks.

For how long? Fifty thousand a year would be spent in 20 years.

And it's not like all the people who lose tons of money on stocks/bonds/funds/whatever are ratards. It just isn't as easy to make money off the markets as people would like to think.

But yeah, if anyone feels like giving me the million bucks I am entitled to that would be great.

where did you get $50,000 a year? you could buy a house and car for $200,000 and be done in year one. and still have $800,000 to live off of. which unless you go crazy spending, can last almost 50 years. then again, depending if you want to have a wife and multiple kids, that might come down.

The budgeting nerd in me had to do this...

800k/50= $16000
Car insurance and registration yearly= 550
Property tax and insurance on 165k house= 3000
Utilities= 200 per month- 2400
Cable internet and phone- 100 per month- 1200
-------------------------------------------------------------

8850 or 737 per month to spend on everything else. Totally doable.

thanks for breaking it down. hell you could even work part time a couple days a week at the local laser tag place to make a little spending money. i mean, what isnt awesome about laser tag!?

I'd work at TSC for clothing discounts.

kind of off topic, but bill gates dropped out of harvard to start microsoft.

Glory Days wrote:

LJ wrote:

Glory Days wrote:

I Wear Pants wrote:

lhslep134 wrote: A million dollars, invested in the right way, would definitely allow a family to live very comfortably without working again, so yes, I would gladly take a million bucks.

For how long? Fifty thousand a year would be spent in 20 years.

And it's not like all the people who lose tons of money on stocks/bonds/funds/whatever are ratards. It just isn't as easy to make money off the markets as people would like to think.

But yeah, if anyone feels like giving me the million bucks I am entitled to that would be great.

where did you get $50,000 a year? you could buy a house and car for $200,000 and be done in year one. and still have $800,000 to live off of. which unless you go crazy spending, can last almost 50 years. then again, depending if you want to have a wife and multiple kids, that might come down.

The budgeting nerd in me had to do this...

800k/50= $16000
Car insurance and registration yearly= 550
Property tax and insurance on 165k house= 3000
Utilities= 200 per month- 2400
Cable internet and phone- 100 per month- 1200
-------------------------------------------------------------

8850 or 737 per month to spend on everything else. Totally doable.

thanks for breaking it down. hell you could even work part time a couple days a week at the local laser tag place to make a little spending money. i mean, what isnt awesome about laser tag!?

I'll tell you what's not awesome about it, the fact that the lasers don't tear holes in bodies.

Pick6 wrote: kind of off topic, but bill gates dropped out of harvard to start microsoft.

And the Pope is Catholic.

dave thomas (Wendy's fast food) dropped out of school. then went back to get his diploma because he didnt want kids to think dropping out was okay.