Can $3 MILLION (CASH) Last You The Rest of Your Life?

[recycledpaper]

Originally Posted by JohnnyRedStorm

Originally Posted by GFlower8

i'd ball out with 1 mill then save the remaining 2 milli in the bank, and just live life normally after that... school.. job.. etcc

2 mill in the bank won't do anything for you. Invest that properly and you could double your money.

spoken like a true wall-street wannabe

 

[recycledpaper]

Originally Posted by JohnnyRedStorm

Originally Posted by GFlower8

i'd ball out with 1 mill then save the remaining 2 milli in the bank, and just live life normally after that... school.. job.. etcc

2 mill in the bank won't do anything for you. Invest that properly and you could double your money.

spoken like a true wall-street wannabe

 

[uptownsdotnetstacky]

Originally Posted by UPPTEMPO8387

It depends what you mean by last the rest of your life..If you mean working a decent job (50-65k a year) and having that money then 100% that money can last you forever without ever struggling..But if you mean quitting your job all together and just living off that cash, I would have to say no if you're materialistic, yes if you can budget wisely and find a trustworthy investor to help you build off that money


Mathematically, spending 50k a year on material things with 3mil=60 years...For 50k leisure money a year, you can easily live a happy life filled with vacations and nice things

 

[uptownsdotnetstacky]

Originally Posted by UPPTEMPO8387

It depends what you mean by last the rest of your life..If you mean working a decent job (50-65k a year) and having that money then 100% that money can last you forever without ever struggling..But if you mean quitting your job all together and just living off that cash, I would have to say no if you're materialistic, yes if you can budget wisely and find a trustworthy investor to help you build off that money


Mathematically, spending 50k a year on material things with 3mil=60 years...For 50k leisure money a year, you can easily live a happy life filled with vacations and nice things

 

[essential1]

Seriously though f 3 mil give me the $355mil lottery

 

[essential1]

Seriously though f 3 mil give me the $355mil lottery

 

[koudie from brooklyn]

Of course.. 3 million is more than enough. Some of you make no sense. I'd never go broke. I have more important things to worry about

. whatever that means lol.. btw 330 million on the mega.. good luck ya'll

 

[koudie from brooklyn]

Of course.. 3 million is more than enough. Some of you make no sense. I'd never go broke. I have more important things to worry about

. whatever that means lol.. btw 330 million on the mega.. good luck ya'll

 

[dirtylicious]

3M?...easily
proper investments and living off that interest.300... even at a meager 5% return..  you're looking at 150K annually.
I don't know what the tax rate would be given I'm using hypothetical investment vehicles...but even at 40%... you're still looking at 90K a year.

add that to my current salary..and I'm sitting pretty

 

[dirtylicious]

3M?...easily
proper investments and living off that interest.300... even at a meager 5% return..  you're looking at 150K annually.
I don't know what the tax rate would be given I'm using hypothetical investment vehicles...but even at 40%... you're still looking at 90K a year.

add that to my current salary..and I'm sitting pretty

 

[reeceman10]

Yes.

 

[reeceman10]

Yes.

 

[703flipfiend]

Heck yeah. It's not like I'm going to stop working just because I got 3 million at this age.

 

[703flipfiend]

Heck yeah. It's not like I'm going to stop working just because I got 3 million at this age.

 

[fundamental21ticket]

Y'all crazy if you don't think you'll be able to live off $3 million cash. Most people will not even make that much in their lifetime. You telling me you can't live off $60,000 a year for 50 years? That's more than enough if you spend your money wisely.

 

[fundamental21ticket]

Y'all crazy if you don't think you'll be able to live off $3 million cash. Most people will not even make that much in their lifetime. You telling me you can't live off $60,000 a year for 50 years? That's more than enough if you spend your money wisely.

 

[xbraveheartx]

Some of you guys make 3 million sound like it's nothing. You better believe 3 million is enough for me!

 

[xbraveheartx]

Some of you guys make 3 million sound like it's nothing. You better believe 3 million is enough for me!

 

[purplenurple1414]

Nah, that's about 50k a year for 60 years.

 

[purplenurple1414]

Nah, that's about 50k a year for 60 years.

 

[bgl2687]

Originally Posted by recycledpaper

Originally Posted by JohnnyRedStorm

Originally Posted by GFlower8

i'd ball out with 1 mill then save the remaining 2 milli in the bank, and just live life normally after that... school.. job.. etcc

2 mill in the bank won't do anything for you. Invest that properly and you could double your money.

spoken like a true wall-street wannabe

right...if it was that easy.

 

[bgl2687]

Originally Posted by recycledpaper

Originally Posted by JohnnyRedStorm

Originally Posted by GFlower8

i'd ball out with 1 mill then save the remaining 2 milli in the bank, and just live life normally after that... school.. job.. etcc

2 mill in the bank won't do anything for you. Invest that properly and you could double your money.

spoken like a true wall-street wannabe

right...if it was that easy.

 

[potapinkco]

Originally Posted by Fundamental21Ticket

Y'all crazy if you don't think you'll be able to live off $3 million cash. Most people will not even make that much in their lifetime. You telling me you can't live off $60,000 a year for 50 years? That's more than enough if you spend your money wisely.

 

[potapinkco]

Originally Posted by Fundamental21Ticket

Y'all crazy if you don't think you'll be able to live off $3 million cash. Most people will not even make that much in their lifetime. You telling me you can't live off $60,000 a year for 50 years? That's more than enough if you spend your money wisely.

 

[Truth]

hell yeah