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re: If you were given 5 million dollars tax free today, would you keep working?
Posted on 3/21/24 at 2:19 pm to Thundercles
Posted on 3/21/24 at 2:19 pm to Thundercles
$5 million won't last long for someone middle aged or younger.
8
Posted on 3/21/24 at 2:34 pm to AUstar
quote:
$5 million won't last long for someone middle aged or younger.
Yes it would. The vast majority of people will not make anywhere close to $5M in their lifetime.
Posted on 3/21/24 at 2:38 pm to AUstar
quote:
$5 million won't last long for someone middle aged or younger.
Sure. If they're retarded.
Posted on 3/21/24 at 2:43 pm to AUstar
quote:
$5 million won't last long for someone middle aged or younger.
?
4% annual return is 200k a year. 4% is pretty conservative.
Posted on 3/21/24 at 3:11 pm to AUstar
That is $220,000 a year in basic interest for the rest of your life. I could find ways to make a few dollars and have ins. not to have to deal with the corporate bs anymore.
This post was edited on 3/21/24 at 3:12 pm
Posted on 3/21/24 at 3:33 pm to AUstar
quote:
$5 million won't last long for someone middle aged or younger
This is why I love the OT
Posted on 3/21/24 at 3:39 pm to AUstar
quote:
$5 million won't last long for someone middle aged or younger.
I’m under 40 and plan to put 3 kids through private school and college (none even in kindergarten yet).
I’d never work again with $5M.
Posted on 3/22/24 at 7:08 am to AUstar
quote:
$5 million won't last long for someone middle aged or younger.
If you are really stupid with your money ,but yeah an 18 year old can easily live off of the for the rest of thier life and never have to work. Some of you say the most retarded shite when it comes to money.
Posted on 3/22/24 at 7:17 am to AUstar
quote:
$5 million won't last long for someone middle aged or younger
T-Bills are paying 5% right now, so that's $250K/year without touching the principal. If you can't live on $250K, you have a spending problem.
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