Is a million $ a lot dough (aside from not having it)

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • shack
    Confirmed User
    • Oct 2004
    • 539

    #51
    Is this a pre or post tax million?

    1 million in cash is alot of money to have in the bank

    Comment

    • Boobzooka
      Confirmed User
      • Aug 2006
      • 626

      #52
      Originally posted by rowan
      inflation...inflation...inflation!

      To keep the cash value of $3m in today's money you'll need $5m+ in 20 years. That's just preserving the value, $5m in 2026 will be roughly the same as $3m now.
      With the caveat that predicting the future is "for entertainment purposes only", my guess is that by 2026 $5m is going to feel more like $500k in todays terms.

      hyperinflation...hyperinflation...hyperinflation!


      BOOBZOOKA
      : Amateur Affiliate Program featuring SellYourSexTape: Real couples document their lovelife for one week.
      HerBedroomWindow: Girls recording themselves alone at home. | DareRing: "Truth Or Dare?" themed adult party games.

      Comment

      • reynold
        Too lazy to set a custom title
        • Oct 2002
        • 51271

        #53
        Big enough for me. I guess I'll just invest it on realty.

        Comment

        • Bossman
          Confirmed User
          • Jun 2006
          • 1263

          #54
          Originally posted by DareRing
          With the caveat that predicting the future is "for entertainment purposes only", my guess is that by 2026 $5m is going to feel more like $500k in todays terms.

          hyperinflation...hyperinflation...hyperinflation!
          If you believe that, then you should buy physical gold or silver for you $1 million
          Live Sex

          Buying membership sites
          E-mail: support AT epcrew.com

          Comment

          • Boobzooka
            Confirmed User
            • Aug 2006
            • 626

            #55
            Originally posted by Bossman
            If you believe that, then you should buy physical gold or silver for you $1 million
            I'm not a gold bug, for a variety of reasons; you can't live in it, or eat it, or make much use out of the stuff. In general, I'm afraid that's a 'past' answer that may not apply well to future challenges. Also, too much of what I read smells of manipulation. Just one guys opinion. I'm certainly not overconfident enough to argue with people about it. But I'm young and have the next 50 years to worry about. I don't have a spare million dollars anyway. I've paid off my current home, and I'm working toward securing the type of real estate that I suspect will become much more desirable longterm. Win/Win, whether my uneasy feelings turn out to be right or wrong. If stockpiling metal in your basement makes you happy, good luck to you. Worst comes to worst, at least you'll be better off than the guys trading their fiat currency for more paper IOUs.


            BOOBZOOKA
            : Amateur Affiliate Program featuring SellYourSexTape: Real couples document their lovelife for one week.
            HerBedroomWindow: Girls recording themselves alone at home. | DareRing: "Truth Or Dare?" themed adult party games.

            Comment

            Working...