Quote:
Originally posted by KC
4M is a lot of money.. One could easily live out their life never working again. It's all about the lifestyle they'd be able to support with 4M.
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True true.
But let's be honest. If a guy isn't used to having a LOT of money. He would buy stuff.. a LOT of stuff. Sure it would take years to spend the money but in no way impossible at all. Buy a damn nice house, car(s) big-ass-screen tv's oriental rugs.. all the comforts of a modern society and the money is gone.
The option is to NOT buy a new house, maybe buy a nice car and put rest of the money into bonds or just a high-intrest bank account and live relatively comfortably off the intrests. In finland you cna get up to 4%/yearly intrest on money that's in a bank account (or more for private deals on private banks). That's a nice sum if you manage to put let's say 3M in the bank.
4%/year on 3M = 120k/year = 10k/month - taxes (in finland 29% on capital profit).
So out of the 3M in the bank you'd get 85200/year tax free cash to spend on shit. Which equals 7100$ per month, in finland. That's enough money to live very nicely here (the average pay is around 2-3k/month).
But I wouldn't be happy with that.