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re: Could you find 1m dollars to save your life in 24 hours?

Posted on 9/22/21 at 11:33 pm to
Posted by ellishughtiger
70118
Member since Jul 2004
21182 posts
Posted on 9/22/21 at 11:33 pm to
quote:

1M is not that much money anymore.


Please tell us how many millions you have
Posted by LSU6262
Member since Jun 2008
7934 posts
Posted on 9/22/21 at 11:33 pm to
quote:

Could you find 1m dollars to save your life in 24 hours? by


Thousand is easy. Should have went with a million
Posted by jennBN
Member since Jun 2010
3242 posts
Posted on 9/22/21 at 11:48 pm to
Thats irrelevant.

My point is simply that having 1M dollars no longer means you are wealthy. Not in the way it meant 20 years ago.

I would think that most people that are 40 y/o have at least a 1M saved, no?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 9/22/21 at 11:52 pm to
quote:

I would think that most people that are 40 y/o have at least a 1M saved, no?
you’re kidding right?
Posted by GRTiger
On a roof eating alligator pie
Member since Dec 2008
68983 posts
Posted on 9/22/21 at 11:53 pm to
quote:

I would think that most people that are 40 y/o have at least a 1M saved, no?


Lol
Posted by jennBN
Member since Jun 2010
3242 posts
Posted on 9/23/21 at 12:04 am to
I could be wrong I guess
Posted by Paul Allen
Montauk, NY
Member since Nov 2007
77751 posts
Posted on 9/23/21 at 12:08 am to
quote:

would think that most people that are 40 y/o have at least a 1M saved, no?


Most people? 40?

Posted by jennBN
Member since Jun 2010
3242 posts
Posted on 9/23/21 at 12:25 am to
Ok so how much should the average 40 y/o have saved?
Posted by SirWinston
PNW
Member since Jul 2014
100745 posts
Posted on 9/23/21 at 12:41 am to
College degree good self discipline and upwardly mobile career? I’d say debt free and $250K total net worth at age 40 would be well on the way to retiring with $1.5 to $2MM if the stock market performs about average.

Anything more than $250K is gravy and if you bought a home in your 20s or early 30s I’d bet you’d likely be closer to or over $400K when adding home equity
This post was edited on 9/23/21 at 12:44 am
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
30026 posts
Posted on 9/23/21 at 1:00 am to
quote:

I would think that most people that are 40 y/o have at least a 1M saved, no?


That is bizarrely out of touch with reality. Have you missed the bi-annual thread about how the majority of people in the US don't have $1,000 in savings?

Even if you shift it to just white-collar workers the time between 20 and 40 is when they are generally buying a house, having expensive rugrats and being less than steller about savings.

I do agree that $1 million certainly doesn't mean what it used to in terms of wealth.
Posted by Breauxsif
Member since May 2012
22292 posts
Posted on 9/23/21 at 1:22 am to
quote:

I would think that most people that are 40 y/o have at least a 1M saved, no?

In 2004, what would have been this 40 yr old's starting salary as a fresh undergraduate?
Posted by stelly1025
Lafayette
Member since May 2012
9888 posts
Posted on 9/23/21 at 2:31 am to
Not in 24 hours, very few people on this planet have access to that much cash they can access in a short amount of time without doing something highly illegal. Could I come up with that amount? Yes, but not in a 24 hour time frame.
Posted by Gatorbait2008
Member since Aug 2015
27037 posts
Posted on 9/23/21 at 8:00 am to
I mean to save my life as in it’s assured I die if I don’t get it? Yea I could I’m sure. I have some very rich uncles and if it was life or death I’m sure they’d do it. If not..I’m going to load up and rob a casino and pray to God I make it out alive
Posted by TigerCoon
Member since Nov 2005
22465 posts
Posted on 9/23/21 at 8:11 am to
I would have to try to stall until after I hit that Powerball on Saturday.
Posted by Sneaky__Sally
Member since Jul 2015
12364 posts
Posted on 9/23/21 at 8:35 am to
Crypto
Posted by Nado Jenkins83
Land of the Free
Member since Nov 2012
65124 posts
Posted on 9/23/21 at 8:50 am to
Hed have to sell off his heroin supply
Posted by OweO
Plaquemine, La
Member since Sep 2009
120075 posts
Posted on 9/23/21 at 8:52 am to
I doubt I could in 24 hours. In 5 days.. A work week. Probably so. Anyone on this board who says yes is lying.
Posted by bushwacker
youngsville
Member since Feb 2010
4010 posts
Posted on 9/23/21 at 9:33 am to
i wonder how many ot baller posters here will be kidnapped tonight lol
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