stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
 OfflineWe're doomed!
 
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Re: How much $ is enough. ?
« Reply #30 on: February 09, 2008, 09:30:44 AM » |
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anyways, dystopia asked me this in chat alst night and i thought a while before answering
$4M (and anything above) for sure, and $3M likely. those answers are a bit higher than most in this thread perhaps, but I'm just getting started in life, and need to stretch that $ out over 40 years at least (hopefully)
Getting $3M lump-sum now would be the equivalent of earning $174834.48 annually for the next 40 years. Pepsi's used to only cost a nickel. |
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gleek
Flak Jacket
Karma: 107 Posts: 9511
OfflineE chu ta!
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Re: How much $ is enough. ?
« Reply #31 on: February 09, 2008, 09:38:01 AM » |
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anyways, dystopia asked me this in chat alst night and i thought a while before answering
$4M (and anything above) for sure, and $3M likely. those answers are a bit higher than most in this thread perhaps, but I'm just getting started in life, and need to stretch that $ out over 40 years at least (hopefully)
Getting $3M lump-sum now would be the equivalent of earning $174834.48 annually for the next 40 years. Pepsi's used to only cost a nickel. There are many investment instruments with growth exceeding the rate of inflation. |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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Uisce Beatha
Amazing Technicolor Dreamcoat From: In the Jar
Karma: 116 Posts: 7357
OfflineGet me the tank!
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Re: How much $ is enough. ?
« Reply #32 on: February 09, 2008, 09:42:32 AM » |
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anyways, dystopia asked me this in chat alst night and i thought a while before answering
$4M (and anything above) for sure, and $3M likely. those answers are a bit higher than most in this thread perhaps, but I'm just getting started in life, and need to stretch that $ out over 40 years at least (hopefully)
Getting $3M lump-sum now would be the equivalent of earning $174834.48 annually for the next 40 years. Assumes 5% earnings which is fair (conservative) enough. Doesn't take into account inflation though. Forty years from now $174,834.48 will have the buying power of $30K or so. I think the crux of the question is how much do we value the intangibles. Freedom from work. Concern about catastrophic medical bills. Risk tolerance. And so forth. $3M over 40 years is close enough to the $1.5M I said I'd accept over 20. I'd take $174K annually in today's dollars for the next 20 years. I could afford health insurance at even individual rates. But I don't think it's a slam dunk given inflation. It's a tough call. Really what I'd be looking for is whether retirement and education funding is sorted. If so then I can pretty much do whatever the hell I want for the next 20 years. Work a bit to cover the basic bills and get insurance but the stress levels would be close to zero. That's golden. |
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« Last Edit: February 09, 2008, 09:50:17 AM by Uisce Beatha »
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"If you're darker than a caramel, Reverend Al speaks for you." - Aasif Mandvi
"Well, you can tell by the way I use my walk, I'm a woman's man: no time to talk." - stroh
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
Karma: 155 Posts: 16135
OfflineWe're doomed!
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Re: How much $ is enough. ?
« Reply #33 on: February 09, 2008, 09:46:31 AM » |
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I'll stick with gambling and prostitution. Maybe hops.
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beowolf18
Newbie
Karma: 0 Posts: 1
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Re: How much $ is enough. ?
« Reply #34 on: August 20, 2009, 12:36:23 AM » |
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Really that those answers are a bit college than a lot of in this cilia perhaps.
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[spam removed]
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« Last Edit: August 20, 2009, 08:24:44 AM by admin »
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MFAWG
Rich Corinthian Leather Jacket
Karma: 31 Posts: 5720
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Re: How much $ is enough. ?
« Reply #35 on: August 20, 2009, 12:50:14 AM » |
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Purple monkey dishwasher much?
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The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living and the get rich quick theory of life. -- Teddy Roosevelt
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Walfredo
Straitjacket
Karma: 18 Posts: 2013
OfflinePaintin the town brown
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Re: How much $ is enough. ?
« Reply #36 on: August 20, 2009, 07:11:00 AM » |
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I'd stay in the same house, maybe add a master suite though downstairs. We'd have one family car, a motorcycle and I'd have a few bicycles. I'd keep a set at each of the courses I play and ride my bike there. Volunteer for an United Way agency in some fashion. Hang with family. I mean I'd make my house nice and all but we as a family of soon to be 4 would be quite happy in our house with an extra 500 or so sq. ft. No need for the 3,000 sq ft mcMansion.
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For hither not, I am the stallion.
Come fear, come love, I am the stallion.
You know that I am the stallion, mang.
I am, I am the stallion, mang.
You know that I am the stallion, mang.
I live, I walk, I am the stallion, mang.
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gleek
Flak Jacket
Karma: 107 Posts: 9511
OfflineE chu ta!
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Re: How much $ is enough. ?
« Reply #37 on: August 20, 2009, 07:46:24 AM » |
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Ice makers are all the rage these days.
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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Spartan
Golf Shirt
Karma: 9 Posts: 403
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Re: How much $ is enough. ?
« Reply #38 on: August 20, 2009, 10:47:29 AM » |
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A new poster choses to open a 16 month old thread?  BTW, give me $2 million and I'll retire now. |
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