Spanky
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Re: How much $ is enough. ?
« Reply #15 on: February 08, 2008, 04:23:18 PM » |
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To be honest though, if you were to show up with $1.5 million tomorrow I'd jump at it.  Cheap hobbit *trollop* |
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Torpedo
Full Metal Jacket
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Re: How much $ is enough. ?
« Reply #16 on: February 08, 2008, 04:26:19 PM » |
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Interesting question. I have always thought $4 mil would be enough but I would prefer $10.
You would prefer $10 over $4 mil?  |
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Amateurs built the Ark, professionals built the Titanic ...  "And Adrian Peterson is loose!" |
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Uisce Beatha
Amazing Technicolor Dreamcoat From: In the Jar
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OfflineGet me the tank!
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Re: How much $ is enough. ?
« Reply #17 on: February 08, 2008, 04:35:13 PM » |
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To be honest though, if you were to show up with $1.5 million tomorrow I'd jump at it. Cheap hobbit *trollop*  Think about it. At 10% that's $150K without raising a finger. In a bad turn of the market you might dip into principal, significantly even, so it is admittedly borderline. If you bump to $2.5-3 million it's a slam dunk for me and mine. Plus I can still earn. Yep, $1.5 million with the opportunity to still work to some degree and I'm all over it. |
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"If you're darker than a caramel, Reverend Al speaks for you." - Aasif Mandvi
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Walfredo
Straitjacket
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Re: How much $ is enough. ?
« Reply #18 on: February 08, 2008, 08:40:16 PM » |
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I'm with UB. A few million I can buy a house I'll be happy with, pay for private school and let my wife cut hair to pay the bills. She actually loves what she does and would do that no matter what kind of money we had. We'd open up a salon and I'd probably "work" there, play *feces* loads of golf and what not. Obviously the more the better, but I could easily be bought off and say *fudge* it all. Move next to the golf course and not look back.
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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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Spanky
Full Metal Jacket
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Re: How much $ is enough. ?
« Reply #19 on: February 09, 2008, 06:35:06 AM » |
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I've thought about this scenario a couple times and I would like to add a question or two to the general populace.
What kind of house would you buy (level of luxury)?
What cars and how often would you buy?
Pastimes and frequency?
What I'm getting at is if you continue to live like you do now, maintain what is comfortable then like UB you can get by with less. If you decide that you want more luxuries in your life then more is needed. I originally said $4mil. I also said I would prefer $10mil (and not $10 as our resident literal expert so astutely pointed out). That would allow some better luxuries but not going overboard.
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Torpedo
Full Metal Jacket
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Re: How much $ is enough. ?
« Reply #20 on: February 09, 2008, 07:24:44 AM » |
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I also said I would prefer $10mil (and not $10 as our resident literal expert so astutely pointed out).
Just doing my job. |
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Amateurs built the Ark, professionals built the Titanic ... "And Adrian Peterson is loose!" |
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Fuzzy
Full Metal Jacket From: Island of Misfit Toys
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Re: How much $ is enough. ?
« Reply #21 on: February 09, 2008, 07:57:42 AM » |
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I'm late to the party and my scenario has been mentioned but....
$2M and I wouldn't show up to work Monday. But my wife and I would need to do something for the insurance, especially with two kids.
I couldn't drop out of society though. I'd need to volunteer or part-time it at something that interested me.
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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
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Aske
Lederhosen
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Re: How much $ is enough. ?
« Reply #22 on: February 09, 2008, 08:35:32 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)
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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stroh
Sleeveless Hoodie From: Impact Crater Springs, CA
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OfflineWe're doomed!
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Re: How much $ is enough. ?
« Reply #23 on: February 09, 2008, 08:37:21 AM » |
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I couldn't drop out of society though. I'd need to volunteer or part-time it at something that interested me.
No question.  |
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Aske
Lederhosen
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Re: How much $ is enough. ?
« Reply #24 on: February 09, 2008, 08:38:46 AM » |
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the karaoke industry would collapse  |
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Russia has invaded a sovereign neighboring state and threatens a democratic government elected by its people. Such an action is unacceptable in the 21st century. -- Chimpy McFlightsuit, CEO of Bu$hco Industries of 'Merka |
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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 #25 on: February 09, 2008, 08:40:34 AM » |
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LOL He could open a traditional Asian Karaoke sake bar in Chaska.  |
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gleek
Flak Jacket
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Re: How much $ is enough. ?
« Reply #26 on: February 09, 2008, 08:59:24 AM » |
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Isn't this a simple present value calculation? Use the "Present Amount of Ordinary Annuity" calculator here. For example (using BM's salary): Payment: $65000 Interest: 5% Number of payments: 30 PV: ~$1M |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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Fuzzy
Full Metal Jacket From: Island of Misfit Toys
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Re: How much $ is enough. ?
« Reply #27 on: February 09, 2008, 09:01:37 AM » |
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the karaoke industry would collapse Didn't think of that. O.K., I may need another mil or two. |
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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
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Fuzzy
Full Metal Jacket From: Island of Misfit Toys
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Re: How much $ is enough. ?
« Reply #28 on: February 09, 2008, 09:25:04 AM » |
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LOL He could open a traditional Asian Karaoke sake bar in Chaska. You might be on to something. Or on something. Either way, there are ideas that I've thought were dumber that succeeded so?? |
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"You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose."
From Oh the Places You'll Go, by Dr. Seuss (Theodor Geisel)
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gleek
Flak Jacket
Karma: 107 Posts: 9511
OfflineE chu ta!
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Re: How much $ is enough. ?
« Reply #29 on: February 09, 2008, 09:28:47 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. |
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Woman, open the door, don't let it sting. I wanna breathe that fire again.
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