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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
we'll miss you our friend. RIP
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Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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so much talk about money tonight
so how much is enough? how much (do you think) is enough to retire on?
for simplicity, let's say you live in the US/Canada, and we are talking US, money in the bank net retained. if not, please qualify your response. yes, i'm kind of drunk ![]()
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#2 |
Confirmed User
Join Date: Oct 2002
Location: Ben Curtis's Tour Bus
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depends on ur standard of living
for me id say 8 figures that rules out the possibility of having 2 much in 1 place and getting wiped out due to unforseen circumstances 8 figures and i would never work another fucking day in my life ![]()
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#3 |
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Join Date: Nov 2001
Posts: 2,531
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Armed Squirrel will be retiring when he's wronged the massive injustice of his ex-partner using him as a scape goat in an undercover FBI scandal.
Until then, he's available for adult work, but refuses to show more than 2" of tail. And it must be tastefull.
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#4 |
Confirmed User
Join Date: Feb 2002
Posts: 1,424
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at my age at least few million... if i was 60 maybe half a million
going for 5k tonight? |
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#5 |
There can be only one
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why is everyone always so hung up on retirement? What the fuck are you gonna do if you retire anyway? You'll be bored to death in a month and begging to get back into it. If you're looking to retire so you can be somewhere you wanna be, you're chasing the impossible.... just GO where you wanna be already.... you don't need to 'retire' to do it....
that word.... it leaves a nasty taste in my mouth for some reason..... 'retirement'..... sounds like you're gonna put yourself up on a dusty ass shelf for the rest of your life and sit around wondering why the fuck you 'retired'.
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#6 |
Triple OG nigga on GFY
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the more u make the more U want to make...competition and desire makes us want to top our last amazing feat
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#7 |
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Location: Montreal, Quebec. ICQ: 214702014
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it depends on your age, how long you expect to live, and what type of lifestyle you expect to lead.
say you're 30, you plan on living to 60 and you'll be spending an average of 75k US a year. You'd need $2.25 million. Of course, if you invest that money, or even put it in a savings account, it'll accumulate. In one year, at a conservative interest rate of 2% per annum, $2m will accumulate 40k in interest. |
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#8 | |
we'll miss you our friend. RIP
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(1) exiting this particular business (adult internet) (2) being able to do what you will, regardless of revenue. for example: making shitty documentaries for the rest of your life, that you enjoy doing, but don't necessarily making any money producing. in other words, money no longer having a bearing on anything you choose to do in your life.
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#9 |
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I don't think I'll retire very soon either, totally agree with Amp. What the fuck are you gonna do all day? Drink and get laid on your yacht? Yeah that's nice the first few months but you're soon gonna be pretty sick of it. I'd keep working and just take more time off in between. Ya know, travel around & get laid on yachts while getting drunk. As long as you don't do it every day of the year it's still fun
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#10 | |
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#11 |
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Join Date: Aug 2002
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I worked this exact scenario out with my Merrill Lynch advisor and we came up with a figure of 8M-12M USD. This number is based on an estimated cost of living at the time of retirement and takes into account unsheltered tax liailities.
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#12 | |
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I mean, I would love to be retired. Maybe go back to university learn some more history, get a tan, get back in shape, read some more, learn a language, learn more about sailing, take some cooking lessons, etc etc etc. I guess to do all that would require a shitload of $$ though. I dont know what the magic ## are though. I know it is more then what I have and so I havent taken the time to really think about it - I am just trying to make more ![]() At least 3million USD. That's what I would figure. |
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#13 | |
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#14 | |
sex dwarf
Join Date: May 2002
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#15 |
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I'd need at least, AT LEAST 25-30 million before I'm satisfied
How else can you afford a nice big house, a couple of vacation adresses abroad, at least 5 expensive cars, a yacht and the ability to blow money away anytime you want :D |
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#16 |
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Join Date: Dec 2001
Location: Sunny Queensland - perfect one day and better the next.
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Well down here in Australia the last figure I heard was that if you wanted a guaranteed 40k a year return on your investments you needed 4 million invested
If you invested $US4million down here you could expect a return of around $A70k per annum
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#17 |
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I would have to say, suppose you own absolutely nothing, $9M US before taxes. That leaves you with ~$5M US. Enough to live good for the rest of your life and buy a couple houses/cars/whatever.
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#18 | |
There can be only one
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1. No one is forcing anyone to be in this business.... anyone can leave, and at any time. Doesn't taste good anymore? Do something else. I've done it a hundred times. I've had more different 'careers' than most people have their whole lives. 2. Money ALWAYS has some bearing on what you choose to do with the rest of your life.... I don't care how much you got in the banks.... money is ALWAYS a factor. I'm sure even Gates considers the almighty dollar, at some level, (probably not at the average persons level, but....) in regard to things he wants to do. If you spend and spend and spend without a thought in your head about what you're doing... you'll soon end up broke and swapping sob stories with MC Hammer and the rest of the I-Used-To-Be-A-Millionaire-Club.
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#19 | |
we'll miss you our friend. RIP
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#20 |
Entrepreneur
Join Date: Oct 2002
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You need at least $10 Mil to be totally set and comfortable. You can't live "Lifestyles of the Rich and Famous" on that number, but certainly that will provide for a relatively luxurious lifestyle of your choice in your later years.
The older you get though I find material stuff isn't as exciting as it used to be. Your values change as well. You don't go after the $ per say, its more just to enjoy the game itself. The money just naturally happens if you do good business. I used to be totally into luxury cars, now I love SUV's and not having people staring at me all the time like you get when you drive fancy wheels. It gets old real fast. Got burned out on the big house thing too. You never will use all the extra rooms. Its so funny. We built a library in our California house and the only rooms we used all the time were the bedroom, kitchen and family room, just like a regular house. Hated the ridiculous overhead and workers charging extra cause they knew you had bucks. |
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#21 | |
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do you think you'll really need more than $150k USD a year? that's at least $225k CDN. |
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#22 | |
Beer Money Baron
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#23 | |
we'll miss you our friend. RIP
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I don't agree with you on (2). i want to do all kinds of different things, most of which have nothing to do with money. the thing is, once you have enough of it, it's possible to no longer be it's slave. of course, this doesn't apply to everyone.
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#24 | |
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#25 | |
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#26 | |
we'll miss you our friend. RIP
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#27 | |
See sig. Join Epic Cash.
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If you invest your money, even if you only buy GICs or T-bills, you'll get at least 3-4% return (120k-160k usd) |
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#28 | |
Triple OG nigga on GFY
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#29 | |
we'll miss you our friend. RIP
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#30 |
wtf
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prime rate is too low to retire now
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#31 | |
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$150k USD is more than enough (in canada) for a modest sized house, 2-3 cars in the garage, and a full time maid. perhaps a cook too. |
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#32 | |
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#33 |
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you guys crack me up..... you got this shit down to fuckin' formula.... lol
As you grow some years on you, all this shit will fade a little. It just isn't all that damn important.
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#34 | |
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#35 |
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You all aren't thinking about fuckups. Its harder to keep your millions than it is to make them. I've been married and divorced twice and spouses are one of the best ways to have your wealth get all fucked up. After that its bad investments. That's why you need 10 mil to cover your fuckups.
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#36 |
sex dwarf
Join Date: May 2002
Posts: 17,860
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I think that if you are doing things purely for money, you are wasting your life. I do what I like most, and don't let potential revenue guide me. Makes life a whole lot better, in my opinion.
Money is just a tool, but when you don't need a tool, there's little point in acquiring it.
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#37 | |
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#38 |
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Join Date: Oct 2002
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check out the book
"the millionaire next door"
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#39 | |
There can be only one
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#40 |
aspiring banker
Join Date: Mar 2002
Location: toronto
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5 or 6 billion would do with about 100 mil a year income.
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#41 |
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![]() Hm... I guess AFTER You settled what You needed money originally for (a good car, property or something) - it's not important any longer.
Money IS a headache. Suppose You got 10 millions on Your bank acc. What are You going to do with them? You think it will bring You a feeling of security? Nope - it wont, a gun will, You'll be just fucking scared of new politics desicions, taxes and that shit - in other words Your life will be devoted on saving them. And what are You going to buy? Best things in life, love , happiness and stuff - are not for sale for sure, that's what makes everyone equal. Moreover, I think WHILE You are young, money doesnt help - it makes it all more difficult.
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#42 | |
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I do many other things then adult to make money but its not the money that drives me. I set new goals all the time to keep me going from day to day. personally My new goal is to have to kids a boy and a girl. have one in the oven and I find out if its a boy or girl this week.
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#43 | |
Registered User
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Even if you'd waste it all on charity, making money is still the number 1 form of goal attainment. Humans used to attain goals by building huts, gathering food and hunting animals to eat. Every basic part of goal attainment is now bundled up in money, because that is the #1 means of "surviving". I realize that with 20 million we're not really talking survival anymore, but I do think that it'll always be a thrill to make a million more. Make 1 million, blow 10 million away on an orphan home and get the motivation to make back the money you spent. I dont think that ever gets old |
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#44 |
Entrepreneur
Join Date: Oct 2002
Location: USA
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And whatever you do always, always have deals, investments and such that only you and you alone know about. Tell no one. Not your lawyer. Not your accountant. Not your spouse. Not your friends. Trust me on that, the spouse does not need to know the whole picture. And think GLOBALLY! Don't limit your money to just where you are based out of.
ALWAYS ALWAYS ALWAYS STASH SOME $ AWAY SOMEPLACE SAFE AND REMOTE. |
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#45 |
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well, Incognito... money is nice to have.... I'm not knockin' the $$$ by any means.... but for someone to go to the other extreme and say that "I NEED (insert numerical figure of choice here) million dollars to be happy!" is fucking madness.
nobody NEEDS 10 million dollars to be fucking happy..... lol... and if that's the definition of 'happy' or 'comfortable', they'll probly never find either one.
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#46 | |
we'll miss you our friend. RIP
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Join Date: Sep 2001
Location: Fernie, BC
Posts: 25,115
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Quote:
am i crazy to give up a business that makes me millions every year? maybe ![]()
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#47 |
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More money more problems
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#48 | |
we'll miss you our friend. RIP
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'waste it all on charity' lol. wow.
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#49 | |
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#50 |
wtf
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Whenever someone starts the "money don't buy everything" routine I just tell them:
I'd rather be rich and unhappy than poor and unhappy. |
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