Is a million $ a lot dough (aside from not having it) - GoFuckYourself.com

RichGuy · 08-31-2006, 08:49 AM

(aside from not having it)

Jakke PNG · 08-31-2006, 08:51 AM

Million lasts a long long time if you have it in liquid funds and aren't planning to buy ferraris or live jetset life.

spazlabz · 08-31-2006, 08:52 AM

I agree, thats a bundle of cash

spaz

squishypimp · 08-31-2006, 08:55 AM

thats alotta cash

mrthumbs · 08-31-2006, 08:58 AM

Quote:

Originally Posted by TeenGodFather

Million lasts a long long time if you have it in liquid funds and aren't planning to buy ferraris or live jetset life.

10-15 year max

fallenmuffin · 08-31-2006, 09:07 AM

It all depends on your living style. You can buy a house anywhere from 50,000$ to 8,000,000$. So if you bought a 130,000$ home, 36,000$ car, and lived "normally" with investments and savings you could make that million last forever. With aggressive growth mutual funds you could score 15% a year, with a 12 month CD you do 7%. That's 70,000$ just for saving your money or 150,000$ just for taking a small risk.

Most people work 40 years at 50,000 a year thats 2,000,000 (2 million) max their lifetime. So yeah a million dollars is alot. I could live the rest of my life on a million dollars but it wouldn't include private jets and hookers, lol.

SteveLightspeed · 08-31-2006, 09:09 AM

95% of American families earn $100k or less per year, before taxes. So if you look at $1m as every penny you will earn for the next 10 years, then yes, it is a lot of money.

But is it enough to retire on before age 50? Probably not.

UniversalPass Pete · 08-31-2006, 09:10 AM

1mill is nothing today!

Don't get me wrong if someone gave it to me I would not turn it down! but $1million buys you what $400K would have bought you 7-8 years ago! and what 100K would have bought you 20-25 years ago etc.

fallenmuffin · 08-31-2006, 09:12 AM

Quote:

Originally Posted by SteveLightspeed

95% of American families earn $100k or less per year, before taxes. So if you look at $1m as every penny you will earn for the next 10 years, then yes, it is a lot of money.

But is it enough to retire on before age 50? Probably not.

Real median household income remained unchanged between 2003 and 2004 at $44,389, according to a report released today by the U.S. Census Bureau. Meanwhile, the nation?s official poverty rate rose from 12.5 percent in 2003 to 12.7 percent in 2004. The percentage of the nation?s population without health insurance coverage remained stable, at 15.7 percent in 2004. The number of people with health insurance increased by 2.0 million to 245.3 million between 2003 and 2004, and the number without such coverage rose by 800,000 to 45.8 million.

woj · 08-31-2006, 09:23 AM

you should be able to live quite comfortably with a million for the rest of your life...

Bossman · 08-31-2006, 10:24 AM

a million ? would be even better

Atticus · 08-31-2006, 10:34 AM

Quote:

Originally Posted by woj

you should be able to live quite comfortably with a million for the rest of your life...

Depends on your version of comfortable.

StuartD · 08-31-2006, 10:40 AM

http://www.amazon.com/gp/product/080...lance&n=283155

The first sentence reads: "Griffin was broke, he was down to his last six million dollars"

Doctor Dre · 08-31-2006, 10:50 AM

Quote:

Originally Posted by SteveLightspeed

95% of American families earn $100k or less per year, before taxes. So if you look at $1m as every penny you will earn for the next 10 years, then yes, it is a lot of money.

But is it enough to retire on before age 50? Probably not.

It's definitly enough to live iwthout worrying about money. I wouldn't retire for sure thought ;)

wedouglas · 08-31-2006, 10:58 AM

1 mil liquid, with a normal annual income? yes, definatly.

You couldn't be buying 200K cars etc, but you could live hapily and easily the rest of your life.

Jakke PNG · 08-31-2006, 10:58 AM

Quote:

Originally Posted by mrthumbs

10-15 year max

What drugs are you on?
1 000 000 in the bank.
Without investing in anything..
intrest rate, probably around 2% for that sum.
1666/month intrest only.. If you live a 'normal' life, the money SHOULD last a lifetime. I probably don't even spend 1600/month on personal stuff...

but then again, I don't think anyone can have any kind of self-restraint if they suddenly get 1M in the bank.

Jakke PNG · 08-31-2006, 11:00 AM

Quote:

Originally Posted by Atticus

Depends on your version of comfortable.

Pay the bills in time, and not to worry if you have dinner tomorrow or money to fill up the tank in your car.

It wouldn't get you 1st class airtrips 4 times a year for 4 week vacation in 5 star resorts. It won't get you 4 cars and a mansion.

Bossman · 08-31-2006, 11:13 AM

Quote:

Originally Posted by TeenGodFather

1666/month intrest only.. If you live a 'normal' life, the money SHOULD last a lifetime. I probably don't even spend 1600/month on personal stuff...

And if you took that money to another country, then it could buy you a even better lifestyle

samsam · 08-31-2006, 11:14 AM

Quote:

Originally Posted by mrthumbs

10-15 year max

says who? if youre not living a jet set life, then interest at 5% would yield you approx $50k per year.

that would keep most people going comfortably for long

samsam · 08-31-2006, 11:14 AM

Quote:

Originally Posted by mrthumbs

10-15 year max

says who? if youre not living a jet set life, then interest at 5% would yield you approx $50k per year.

that would keep most people going comfortably for long

gdog · 08-31-2006, 11:42 AM

Quote:

Originally Posted by samsam

says who? if youre not living a jet set life, then interest at 5% would yield you approx $50k per year.

that would keep most people going comfortably for long

yup, add compound interest to that and in 20 years its a nice chunk of change

rowan · 08-31-2006, 11:58 AM

Quote:

Originally Posted by TeenGodFather

What drugs are you on?
1 000 000 in the bank.
Without investing in anything..
intrest rate, probably around 2% for that sum.
1666/month intrest only.. If you live a 'normal' life, the money SHOULD last a lifetime. I probably don't even spend 1600/month on personal stuff...

but then again, I don't think anyone can have any kind of self-restraint if they suddenly get 1M in the bank.

You're forgetting tax, and more importantly, inflation... a 2% interest rate will probably not be enough to keep the value of your capital consistent over time.

Less of a concern if you don't plan to die with the equivalent of $1m in the bank though...

Jakke PNG · 08-31-2006, 12:03 PM

Quote:

Originally Posted by rowan

You're forgetting tax, and more importantly, inflation... a 2% interest rate will probably not be enough to keep the value of your capital consistent over time.

Less of a concern if you don't plan to die with the equivalent of $1m in the bank though...

Well, in finland the capital gains tax is a solid 27,5%..
So it's a net profit of 1200 / month...so if you on top of that do something, like submit a gallery once a month. you should be able to live just fine.

mrthumbs · 08-31-2006, 12:04 PM

Quote:

Originally Posted by rowan

You're forgetting tax, and more importantly, inflation... a 2% interest rate will probably not be enough to keep the value of your capital consistent over time.

Less of a concern if you don't plan to die with the equivalent of $1m in the bank though...

Yes.. and more important were talking Dollars here..

1 mil with lets do something outrageous: 3% interest is $ 30k a year
= 25k Euro something a year? Thats not decent living in Europe and it will
be below poverty 10 years from now..

blazi · 08-31-2006, 12:05 PM

a million dollars is nothing anymore these days, and will not take you far at all, with today's prices you are not actually sitting comfortable unless you are a billionaire at least imo...

mrthumbs · 08-31-2006, 12:06 PM

Quote:

Originally Posted by gdog

yup, add compound interest to that and in 20 years its a nice chunk of change

Not much to compound when you have to live of interest..

mrthumbs · 08-31-2006, 12:07 PM

Oh.. and you DO pay tax over interest eh.. dont forget that.

mrthumbs · 08-31-2006, 12:10 PM

Quote:

Originally Posted by blazi

a million dollars is nothing anymore these days, and will not take you far at all, with today's prices you are not actually sitting comfortable unless you are a billionaire at least imo...

wellwellwell

No, to live SECURE and decent (no ferraris and expensive haibts) for at least 40-50 more years you need 2-3 mil. Put it in an excel sheet with the inflation figures, taxes etce tc and youll see you cannot go beyond 20 years with less withour touching poverty: exception: move to a 3rd world country...like thailand or something ;)

polish_aristocrat · 08-31-2006, 12:13 PM

I LOVE threads like this

seriously

rowan · 08-31-2006, 12:17 PM

Quote:

Originally Posted by mrthumbs

Yes.. and more important were talking Dollars here..

1 mil with lets do something outrageous: 3% interest is $ 30k a year
= 25k Euro something a year? Thats not decent living in Europe and it will
be below poverty 10 years from now..

You're also ignoring inflation...

If inflation is 3% p/a then you need an effective interest income rate of 3% AFTER tax just to keep the value of your capital. You'd need to be earning 6% AFTER tax in order to cover inflation and draw a $30k p/a wage.

rowan · 08-31-2006, 12:19 PM

BTW... would most humans with $1m in the bank - either achieved through being spoon fed, or genuine hard work - be happy with a $USD30k annual wage?

Jakke PNG · 08-31-2006, 12:22 PM

Quote:

Originally Posted by rowan

BTW... would most humans with $1m in the bank - either achieved through being spoon fed, or genuine hard work - be happy with a $USD30k annual wage?

Most, no.

slapass · 08-31-2006, 12:23 PM

3 million is the minimum you would need. 5% is a very doable rate in the US right now. 33% tax is where you would be in most states. So a hundred k a year after tax. That is pretty comfortable for most people. Do anything that is prductive versus destructive to the cash flow and life would be really good.

rowan · 08-31-2006, 12:42 PM

Quote:

Originally Posted by slapass

3 million is the minimum you would need. 5% is a very doable rate in the US right now. 33% tax is where you would be in most states. So a hundred k a year after tax. That is pretty comfortable for most people. Do anything that is prductive versus destructive to the cash flow and life would be really good.

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.

dennisthemenace · 08-31-2006, 12:44 PM

If saved or invested properly, yes.

If spent, it's no different than any other amount - gone money is no money.

polish_aristocrat · 09-03-2006, 10:04 AM

bump for more discussion.......

Quotealex · 09-03-2006, 10:17 AM

Quote:

Originally Posted by mrthumbs

10-15 year max

If you're frugal and know a little about investment, you could live off of it for 50 years and more.

free4porn · 09-03-2006, 10:34 AM

A million pounds please

MikeVega · 09-03-2006, 10:40 AM

it's nice money ... but not life changing ..

MikeVega · 09-03-2006, 10:41 AM

it's nice money ... but not life changing ..

SAM SIYC · 09-03-2006, 11:15 AM

1 million is good spending money.....but definitely not enough for early retirement. The only thing you should do with a million imo is to invest it right away to try to make 5 million out of it!

Monstaman · 09-03-2006, 11:18 AM

I would be able to retire in my country ...

bknoob · 09-03-2006, 11:19 AM

I will let you know once I have it

Monstaman · 09-03-2006, 11:26 AM

I would be able to retire in my country ...

Antonio · 09-03-2006, 11:50 AM

Quote:

Originally Posted by mrthumbs

10-15 year max

oh yeah? Give me a million bucks and I wont be able to spend them in the next 200 years or so, the first thing I'm going to do is move to Mozambique - one of the poorest country in the World with all the third World shit, but boy, do they also have the BEST beaches in the World + the hottest Mulato girsl ever

I'm going to move there, live simple life, and just exist, sick and tired of the rat race - fuck, I want a better car, now I want bigger house, ok, I have a bigger house, but now I want to libe in a better subburb .... and you wake up in your late 70s, and you realise that you had NO life, or at least you didn't spend nearly enough time on what really matters

FreeOnes · 09-03-2006, 11:55 AM

I would need at least 10 times more to retire and feel comfortable

madawgz · 09-03-2006, 12:01 PM

id say that is alot of money

and would last me about 5 years or so

BlueDesignStudios · 09-03-2006, 01:13 PM

It's a fair bit of money, but it really comes down to the cost of living wherever you are, and also the kind of lifestyle you plan to live

scottybuzz · 09-03-2006, 01:20 PM

not much for me ;)

rodney25 · 09-03-2006, 07:35 PM

Enough for me to start a new business I guess.

08-31-2006, 08:49 AM	#1
RichGuy Confirmed User Join Date: Aug 2006 Posts: 118	Is a million $ a lot dough (aside from not having it) (aside from not having it)

08-31-2006, 08:51 AM	#2
Jakke PNG ex-TeenGodFather Industry Role: Join Date: Nov 2001 Location: Suomi Finland Perkele Posts: 20,306	Million lasts a long long time if you have it in liquid funds and aren't planning to buy ferraris or live jetset life. __________________ ..and I'm off.

08-31-2006, 08:55 AM	#4
squishypimp PostMaster General Join Date: Aug 2006 Posts: 10,781	thats alotta cash __________________ Signature For Sale

08-31-2006, 09:09 AM	#7
SteveLightspeed Confirmed User Join Date: Jul 2001 Location: Lightspeedworld Posts: 7,940	95% of American families earn $100k or less per year, before taxes. So if you look at $1m as every penny you will earn for the next 10 years, then yes, it is a lot of money. But is it enough to retire on before age 50? Probably not. __________________ Abra-cadabra!

08-31-2006, 09:10 AM	#8
UniversalPass Pete Confirmed User Join Date: Dec 2004 Location: Los Angeles, CA http://www.universalpass.com Posts: 7,368	1mill is nothing today! Don't get me wrong if someone gave it to me I would not turn it down! but $1million buys you what $400K would have bought you 7-8 years ago! and what 100K would have bought you 20-25 years ago etc. __________________ V4.0 It's Here! NOT JUST AVS ANYMORE! Teen Whore Fetish All Milf Sluts Real Asian Cunts All Latina Cunts Massive XXX Boobs All Out Anal Since 1997. ICQ: 107746038

08-31-2006, 08:52 AM	#3
spazlabz Confirmed User Industry Role: Join Date: Jul 2003 Location: Kentucky Posts: 6,548	I agree, thats a bundle of cash spaz

08-31-2006, 09:07 AM	#6
fallenmuffin Confirmed User Industry Role: Join Date: Nov 2005 Posts: 8,170	It all depends on your living style. You can buy a house anywhere from 50,000$ to 8,000,000$. So if you bought a 130,000$ home, 36,000$ car, and lived "normally" with investments and savings you could make that million last forever. With aggressive growth mutual funds you could score 15% a year, with a 12 month CD you do 7%. That's 70,000$ just for saving your money or 150,000$ just for taking a small risk. Most people work 40 years at 50,000 a year thats 2,000,000 (2 million) max their lifetime. So yeah a million dollars is alot. I could live the rest of my life on a million dollars but it wouldn't include private jets and hookers, lol.

08-31-2006, 09:23 AM	#10
woj <&(©¿©)&> Industry Role: Join Date: Jul 2002 Location: Chicago Posts: 47,882	you should be able to live quite comfortably with a million for the rest of your life... __________________ Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager

08-31-2006, 10:24 AM	#11
Bossman Confirmed User Join Date: Jun 2006 Location: EU Posts: 1,263	a million ? would be even better __________________ Live Sex Buying membership sites E-mail: support AT epcrew.com

08-31-2006, 10:40 AM	#13
StuartD Sofa King Band Join Date: Jul 2002 Location: Outside the box Posts: 29,903	http://www.amazon.com/gp/product/080...lance&n=283155 The first sentence reads: "Griffin was broke, he was down to his last six million dollars"

08-31-2006, 10:58 AM	#15
wedouglas So Fucking Banned Join Date: Aug 2004 Location: Dearborn, MI Posts: 5,921	1 mil liquid, with a normal annual income? yes, definatly. You couldn't be buying 200K cars etc, but you could live hapily and easily the rest of your life.

08-31-2006, 12:05 PM	#25
blazi Confirmed User Join Date: Feb 2003 Location: Closer now Posts: 4,321	a million dollars is nothing anymore these days, and will not take you far at all, with today's prices you are not actually sitting comfortable unless you are a billionaire at least imo... __________________ makingcoin.com - 100% payouts coinscuties.com

08-31-2006, 12:07 PM	#27
mrthumbs salad tossing sig guy Join Date: Apr 2002 Location: mrthumbs*gmail.com Posts: 11,702	Oh.. and you DO pay tax over interest eh.. dont forget that.

08-31-2006, 12:13 PM	#29
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	I LOVE threads like this seriously __________________ I don't use ICQ anymore.

08-31-2006, 12:19 PM	#31
rowan Too lazy to set a custom title Join Date: Mar 2002 Location: Australia Posts: 17,393	BTW... would most humans with $1m in the bank - either achieved through being spoon fed, or genuine hard work - be happy with a $USD30k annual wage?

08-31-2006, 12:23 PM	#33
slapass Too lazy to set a custom title Join Date: Nov 2002 Location: Earth Posts: 14,622	3 million is the minimum you would need. 5% is a very doable rate in the US right now. 33% tax is where you would be in most states. So a hundred k a year after tax. That is pretty comfortable for most people. Do anything that is prductive versus destructive to the cash flow and life would be really good.

08-31-2006, 12:44 PM	#35
dennisthemenace Confirmed User Join Date: Feb 2003 Location: In the present moment Posts: 2,668	If saved or invested properly, yes. If spent, it's no different than any other amount - gone money is no money. __________________ All the best to you

09-03-2006, 10:04 AM	#36
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	bump for more discussion....... __________________ I don't use ICQ anymore.

09-03-2006, 10:34 AM	#38
free4porn Confirmed User Join Date: Jun 2005 Posts: 4,654	A million pounds please __________________ Switch To Fling Now! I'm on 1:201 paid signups sending little traffic! Make $$$ Free Porn

09-03-2006, 10:40 AM	#39
MikeVega Porntrepreneur Industry Role: Join Date: Jul 2004 Location: New York Posts: 12,788	it's nice money ... but not life changing .. __________________ Mike Vega-ICQ:253868499-AIM:mikeydicevega

09-03-2006, 10:41 AM	#40
MikeVega Porntrepreneur Industry Role: Join Date: Jul 2004 Location: New York Posts: 12,788	it's nice money ... but not life changing .. __________________ Mike Vega-ICQ:253868499-AIM:mikeydicevega

09-03-2006, 11:15 AM	#41
SAM SIYC Confirmed User Join Date: Apr 2005 Location: Montreal Posts: 999	1 million is good spending money.....but definitely not enough for early retirement. The only thing you should do with a million imo is to invest it right away to try to make 5 million out of it! __________________ SEXinyourCITY Adult Dating for Everyone ICQ: 551-938

09-03-2006, 11:18 AM	#42
Monstaman Confirmed User Join Date: Jul 2004 Posts: 1,021	I would be able to retire in my country ... __________________ VOYEUR /HOMEMADE, HENTAI / CARTOON, Reality, Amateur, Shemale, Hardcore, Cuckold, Celebrity, Retro/Vintage, ect...ALL OUR SITES >> Unbelievable Ratio \| High % of Rebills \| Bi-Monthly Payments (also to E-Passporte) Ton's of EXCLUSIVE Free content & FHG's \|=> GREAT REVENUE $$$ GUARANTEED!

09-03-2006, 11:19 AM	#43
bknoob Confirmed User Join Date: Apr 2006 Posts: 1,610	I will let you know once I have it

09-03-2006, 11:26 AM	#44
Monstaman Confirmed User Join Date: Jul 2004 Posts: 1,021	I would be able to retire in my country ... __________________ VOYEUR /HOMEMADE, HENTAI / CARTOON, Reality, Amateur, Shemale, Hardcore, Cuckold, Celebrity, Retro/Vintage, ect...ALL OUR SITES >> Unbelievable Ratio \| High % of Rebills \| Bi-Monthly Payments (also to E-Passporte) Ton's of EXCLUSIVE Free content & FHG's \|=> GREAT REVENUE $$$ GUARANTEED!

09-03-2006, 11:55 AM	#46
FreeOnes Confirmed User Join Date: Jul 2001 Location: The Netherlands Posts: 3,400	I would need at least 10 times more to retire and feel comfortable __________________ The new FreeOnes! - AdultFilmStarContent - BabeGalleries and much more! - 1Strike Movies and much more! All powered by Xpressa

09-03-2006, 12:01 PM	#47
madawgz 8.8.8.8 Industry Role: Join Date: Mar 2006 Location: Noordermarkt Posts: 30,509	id say that is alot of money and would last me about 5 years or so __________________ TAEMDLRMSKRJIXMRLSMRJ.

09-03-2006, 01:13 PM	#48
BlueDesignStudios Confirmed User Industry Role: Join Date: Feb 2003 Location: Australia Posts: 9,492	It's a fair bit of money, but it really comes down to the cost of living wherever you are, and also the kind of lifestyle you plan to live __________________ Blue Design Studios - Adult Design Specialists! Email me for a free quote: [email protected]

09-03-2006, 01:20 PM	#49
scottybuzz Too lazy to set a custom title Industry Role: Join Date: May 2006 Location: NY Posts: 14,800	not much for me ;) __________________ $$$$$ MAKE HUGE MONEY IN CAMS - CLICK HERE $$$$$

09-03-2006, 07:35 PM	#50
rodney25 Confirmed User Join Date: Jun 2005 Posts: 7,090	Enough for me to start a new business I guess. __________________ AFFORDABLE Hosting -- Extreme Dependability -- FULL Service ICQ ME for DAMN GOOD HOSTING DEALS: 5380773