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

[lil dre 08]

I believe I could make it last. I don't plan on buying a new car until I graduate, so the only thing I would do is pay my tuition and live like a normal college student. At least that is what I believe.

 

[lil dre 08]

I believe I could make it last. I don't plan on buying a new car until I graduate, so the only thing I would do is pay my tuition and live like a normal college student. At least that is what I believe.

 

[thenewjs23]

I would buy myself the following:
150-250k home w/ nice furniture
Certified used Sierra w/ low miles
Dodge Challenger w/ a widebody kit 26's in the back 24's in front
Chevy Volt
Daughter would have 100k for school/ wedding
Pay up the rest of my college tuition

If I could do all this for less than 500k I'm good. I would invest the rest.

 

[thenewjs23]

I would buy myself the following:
150-250k home w/ nice furniture
Certified used Sierra w/ low miles
Dodge Challenger w/ a widebody kit 26's in the back 24's in front
Chevy Volt
Daughter would have 100k for school/ wedding
Pay up the rest of my college tuition

If I could do all this for less than 500k I'm good. I would invest the rest.

 

[julian wright]

Originally Posted by VeryAnalytical85

^ This. I could probably live on $25 million with a normal lifestyle

What the hell. That's normal for you?

 

[julian wright]

Originally Posted by VeryAnalytical85

^ This. I could probably live on $25 million with a normal lifestyle

What the hell. That's normal for you?

 

[th0mas cr0wn]

YES



Easily. you just have to be smart with it[which most people aren't/wouldn't be]

 

[th0mas cr0wn]

YES



Easily. you just have to be smart with it[which most people aren't/wouldn't be]

 

[retroflashbacks]

Yes, if you're not planning to start a family.


Edit: If your wife doesn't work either.

 

[retroflashbacks]

Yes, if you're not planning to start a family.


Edit: If your wife doesn't work either.

 

[rfx45]

To those that say they can easily live comfortably, it is easier said than done. Money changes people. $3 mil lands on your lap, it's easy to say I'll buy a house and a car or two and that is it but it isn't as simple as that. Are you really going to pay cash for your house? Are you going to settle for a $400k house? In Cali, that can be a dilapidated 2 bedroom in a crappy neighborhood. If you pay cash, you still have to pay for taxes yearly, a house comes with utilities and bills, home maintenance, etc... Most will quit their job or take a year break, chances are they'll get comfortable and won't go back to work. You'll go in vacations and obviously splurge a bit, $10k-$20k easily in a week and that is being somewhat reasonable to someone who has $3m. There are other reasons too, relatives, family, bad investments, school, etc... There is a reason a lot of these people who wins the lottery go broke eventually.

I'm bored tonight and the Laker game is a blowout so excuse the long post.

 

[rfx45]

To those that say they can easily live comfortably, it is easier said than done. Money changes people. $3 mil lands on your lap, it's easy to say I'll buy a house and a car or two and that is it but it isn't as simple as that. Are you really going to pay cash for your house? Are you going to settle for a $400k house? In Cali, that can be a dilapidated 2 bedroom in a crappy neighborhood. If you pay cash, you still have to pay for taxes yearly, a house comes with utilities and bills, home maintenance, etc... Most will quit their job or take a year break, chances are they'll get comfortable and won't go back to work. You'll go in vacations and obviously splurge a bit, $10k-$20k easily in a week and that is being somewhat reasonable to someone who has $3m. There are other reasons too, relatives, family, bad investments, school, etc... There is a reason a lot of these people who wins the lottery go broke eventually.

I'm bored tonight and the Laker game is a blowout so excuse the long post.

 

[vendetta]

Yes. 3 mil at 4% interest rate is 120k a year. Think i can do it

 

[cincoseisdos]

I still need gas and beer money though.

 

[cincoseisdos]

I still need gas and beer money though.

 

[vendetta]

Yes. 3 mil at 4% interest rate is 120k a year. Think i can do it

 

[xbiker47]

Originally Posted by LuckyP90

I dont think so.

this

  

 

[xbiker47]

Originally Posted by LuckyP90

I dont think so.

this

  

 

[fraij da 5 11]

This question may have been answered but: Can I invest?

 

[fraij da 5 11]

This question may have been answered but: Can I invest?

 

[myjaysgetrocked]

Yea, because I'm smart enough to make that 3 millon into a larger sum.

 

[myjaysgetrocked]

Yea, because I'm smart enough to make that 3 millon into a larger sum.

 

[luong1209]

Originally Posted by fraij da 5 11

This question may have been answered but: Can I invest?

I mean, I guess...It's a gamble on your part.

 

[luong1209]

Originally Posted by fraij da 5 11

This question may have been answered but: Can I invest?

I mean, I guess...It's a gamble on your part.

 

[brettthejett]

Give me 3 million and I'd turn it into 30 million.... it'd become obligatory