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

[Truth]

hell yeah

 

[jordan23les]

yes it would for me

 

[jordan23les]

yes it would for me

 

[DonRafa]

yes

 

[DonRafa]

yes

 

[the notorious bum]

Originally Posted by 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

Best answer so far, this is how I view it too.

 

[the notorious bum]

Originally Posted by 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

Best answer so far, this is how I view it too.

 

[antbanks81]

Hell yeah it can...my monthly expenses now are less than 2k...keep it simple and you could do it

you can send the check tomorrow

 

[antbanks81]

Hell yeah it can...my monthly expenses now are less than 2k...keep it simple and you could do it

you can send the check tomorrow

 

[sloane kettering]

nope...but it will have me straight for at least a decade

 

[sloane kettering]

nope...but it will have me straight for at least a decade

 

[jordman23]

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

Exactly What I would do..

Just pick up a nice car, and see if I can move to a better house. No need to be flashy.

 

[jordman23]

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

Exactly What I would do..

Just pick up a nice car, and see if I can move to a better house. No need to be flashy.

 

[i3]

Hell yeah.. i'll invest it and work full time too

 

[i3]

Hell yeah.. i'll invest it and work full time too

 

[you go boy]

i think so... just don't be so frivolous and buy things you don't need aka expensive jewelry or cars

 

[you go boy]

i think so... just don't be so frivolous and buy things you don't need aka expensive jewelry or cars

 

[veryanalytical85]

Originally Posted by Essential1

It can but you would still have to be tight with your money..

For example say you work at a full time job from 25-65.. $3,000,000 is equivalent to $75K a year...

^ This. I could probably live on $25 million with a normal lifestyle. I'm talking, simple lifestyle of house, car, insurance coverage, family needs, education and etc.
Nothing too fancy, maybe a vacation once every 5-10 years. But even then I would still probably work just to be active and start more charities and small businesses to keep the revenue flowing.

 

[veryanalytical85]

Originally Posted by Essential1

It can but you would still have to be tight with your money..

For example say you work at a full time job from 25-65.. $3,000,000 is equivalent to $75K a year...

^ This. I could probably live on $25 million with a normal lifestyle. I'm talking, simple lifestyle of house, car, insurance coverage, family needs, education and etc.
Nothing too fancy, maybe a vacation once every 5-10 years. But even then I would still probably work just to be active and start more charities and small businesses to keep the revenue flowing.

 

[imasoleman18]

yep

 

[imasoleman18]

yep

 

[ac4three]

Yes.

 

[ac4three]

Yes.

 

[prymone]

3 mil wouldnt last 5 years real talk

 

[prymone]

3 mil wouldnt last 5 years real talk