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re: If you owned absolutely nothing and we’re given $1.1 mil cash
Posted on 2/2/20 at 1:57 pm to colorchangintiger
Posted on 2/2/20 at 1:57 pm to colorchangintiger
quote:
I'm hoping to have $5-6 million liquid when I retire at 65.
I'd retire tomorrow at 42 if I had $5 million. I could live comfortably off of 3% interest on that much money. My health insurance costs would go way up but I'm assuming that I'd have no mortgage either.
1
Posted on 2/2/20 at 2:11 pm to PenguinNinja
Spread it out across a bed and take seductive pictures on top of it
Posted on 2/2/20 at 2:15 pm to PenguinNinja
(no message)
This post was edited on 1/28/21 at 10:49 am
Posted on 2/2/20 at 2:21 pm to fallguy_1978
quote:
I'd retire tomorrow at 42 if I had $5 million
Yep, I don't spend a lot on consumer goods. I'd be more than fine.
Posted on 2/2/20 at 2:24 pm to RogerTheShrubber
Roger, I could easily live off of 3% interest on that money with a family and not even touch the principal. I'm not particularly high maintenance though. I don't really care about expensive houses, cars, vacations etc.
Posted on 2/2/20 at 2:28 pm to fallguy_1978
Same here, I don't need to spend a lot to enjoy life. I need time more time rather than more money.
Posted on 2/2/20 at 2:29 pm to fallguy_1978
I’d likely invest it all and maybe keep $10K for a vacation. If I suddenly came upon a lump sum of money, it doesn’t really change anything in my daily life unless we get into the many multi millions.
Posted on 2/2/20 at 2:32 pm to PenguinNinja
Off the top:
$200k to pay off my lady's medical school debt.
$200k-$300k in various investment vehicles.
After that's taken care of:
$300k-$400k in a nice house.
$100k for freelance spending on vacations, dining, etc.
$200k to pay off my lady's medical school debt.
$200k-$300k in various investment vehicles.
After that's taken care of:
$300k-$400k in a nice house.
$100k for freelance spending on vacations, dining, etc.
Posted on 2/2/20 at 4:51 pm to biglego
quote:Once, in the 80's, my guy fronted me a quarter ounce. When payday rolled around I had used all of my money to pay other bills. He wanted me to fly to San Francisco, pick up his next kilo, and drive a car back to Texas with it in lieu of paying him. He said I would need to keep it on me the whole trip. He was also going to give me $1000 cash upon delivery.
I’d call my dealer first thing
I told him I was worried I'd die in a motel room on the way back.
Maybe I could be just now be getting out of jail with a NY Times Bestselling novel entitled "How I Became a Mule" ready for printing, and a movie deal.
Did I mess up by not doing that?
Posted on 2/2/20 at 5:05 pm to PenguinNinja
400k on a house
300k to invest
300k as a down payment on my own land or to get into a equity hunting camp that doesn’t flood its arse off every year
100k to frick off
300k to invest
300k as a down payment on my own land or to get into a equity hunting camp that doesn’t flood its arse off every year
100k to frick off
Posted on 2/2/20 at 7:11 pm to PenguinNinja
Sell my current house. Buy some land and build a new home. Invest everything else.
Posted on 2/3/20 at 1:38 am to Ponchy Tiger
Most of you need to use that money for reading lessons
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