- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: What is the first thing you’d buy with 1 million cash dollars?
Posted on 4/26/19 at 8:18 pm to Tunasntigers92
Posted on 4/26/19 at 8:18 pm to Tunasntigers92
(no message)
This post was edited on 11/7/22 at 6:26 am
2
Posted on 4/26/19 at 8:18 pm to jivy26
I think the site was just appraised for 2.3
Posted on 4/26/19 at 8:21 pm to pioneerbasketball
quote:
$1 million dollars worth of powerball tickets
***Wins $200
Posted on 4/26/19 at 8:21 pm to jivy26
Pay off the ~200k I owe on the house, throw 50k in a college fund for each of the kids, just to get it to the first three fitty spent. Then take a lower stress, slightly less paying job. Probably buy the wife a new ride too. Toss the rest in an IRA and enjoy the next 20 years working and building up that nest egg. Maybe invest in real estate along the way.
Posted on 4/26/19 at 8:21 pm to Tunasntigers92
Bunches of stock in a mutual fund
Posted on 4/26/19 at 8:22 pm to TU Rob
Best answer I’ve heard
Posted on 4/26/19 at 8:24 pm to Tunasntigers92
Nothing major. I can retire.
I don't have an expensive lifestyle so the principal alone would get me to Social Security age. And I'd be earning interest the whole time.
I don't have an expensive lifestyle so the principal alone would get me to Social Security age. And I'd be earning interest the whole time.
Posted on 4/26/19 at 8:25 pm to Tunasntigers92
quote:
No, it’s just the first item you’d buy.
Oh ok. I'd buy some eggs, I'm almost out.
Grocery shopping tomorrow.
Posted on 4/26/19 at 8:25 pm to Diver Diva
Other than eggs
Posted on 4/26/19 at 8:26 pm to Tunasntigers92
quote:
What is the first thing you’d buy with 1 million cash dollars?
$900,000 in tech stocks.
Posted on 4/26/19 at 8:26 pm to Tunasntigers92
quote:
Best answer I’ve heard
I spent the first 5 years of my career working for a CPA firm. A few years in industry and the last 7 in the corporate finance department of a large bank. A few things sunk in to my thick head over that time.
Posted on 4/26/19 at 8:26 pm to Bestbank Tiger
quote:
I don't have an expensive lifestyle so the principal alone would get me to Social Security age. And I'd be earning interest the whole time.
You'd be hard pressed to find a safe return of 4%. You could live on 40k before taxes?
Posted on 4/26/19 at 8:27 pm to Tunasntigers92
Why do people buy things like..candy crush lives, treadmills, or donate to a politician
Posted on 4/26/19 at 8:27 pm to aTmTexas Dillo
Microsoft?
Posted on 4/26/19 at 8:30 pm to fallguy_1978
quote:
You'd be hard pressed to find a safe return of 4%. You could live on 40k before taxes?
If you’re close enough to retirement and your house is paid off, it would be pretty easy. Of course if I was retirement age I wouldn’t just live on the interest. Take about 60k a year. And that would be very comfortable without any large payments like a mortgage or car note.
Posted on 4/26/19 at 8:32 pm to Diver Diva
Hey, Bro
Posted on 4/26/19 at 8:35 pm to Tunasntigers92
The power of 7.
Posted on 4/26/19 at 8:36 pm to fallguy_1978
quote:
You'd be hard pressed to find a safe return of 4%. You could live on 40k before taxes?
I spend $50,000 the first year and only get 2.5% interest, that reduces the balance to $975k after one year. I'd make $24,375 in interest the second year so I spend just a bit more of the principal.
Don't feel like doing the math the whole way through, I just need to make it to Social Security age. (If SS goes away a full blown economic collapse will be either the cause or the result, and money in the bank will be useless anyway.)
This post was edited on 1/25/21 at 10:04 am
Posted on 4/26/19 at 8:38 pm to Tunasntigers92
prob fill up the old truck with premium.
Page 3 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News