Tue Jul 06, 2004 4:06 pm
A million bucks is not a lot of money. The best thing to do is get into investments that are fairly safe with solid returns. One such used to be mutual funds.
If you have a million bucks after taxes sitting there, get into something kicking back about 10% a year, this will give you $100,000 before taxes to live off of per year. Any job you have, from $20k McDonalds manager and up will just be bonus money to spend(though I suggest continuing your career if you already had one).
If you have a million bucks after taxes sitting there, get into something kicking back about 10% a year, this will give you $100,000 before taxes to live off of per year. Any job you have, from $20k McDonalds manager and up will just be bonus money to spend(though I suggest continuing your career if you already had one).
Tue Jul 06, 2004 4:07 pm
Originally posted by Colonel Ingus
Good man! Notice the distinction Booze and Women. spending the rest would be blowing it!
Cant take credit for that Col., that is how Tug Mcgraw responded to reporters when they asked him what he was goin to do with the multi-million dollar contract he recieved from the Phillies.
Tue Jul 06, 2004 4:10 pm
Originally posted by Killer Mike
Two chicks at the same time.
Mmmmm K, Guess I'm not the only one that thinks of Office Space when I hear that question. But yeah I'd do nothing maybe buy some property all over the world and travel. I hear Kyoto is nice this time of year. Other then that maybe open up my own little restauraunt or cafe.
Tue Jul 06, 2004 4:38 pm
Originally posted by Jeffro
Hire a hitman for *insert ecg reg*.
Purchase a plane ticket, fly to jeffro's house, shit in a bag, light it on fire, put it on his porch, ring and run!
Tue Jul 06, 2004 4:41 pm
Look for an established developer and team up on a tasty looking project, 1mil these days dont go far, not enough to retire on, if you want/have a family, and your say 35-40?
real estate is the best bet, problem is in the states anyway prices are completly out of hand, would wait 6mths to a yr see which way the market is heading then act.
real estate is the best bet, problem is in the states anyway prices are completly out of hand, would wait 6mths to a yr see which way the market is heading then act.
Tue Jul 06, 2004 5:55 pm
Buy the growth tanks for my army of flying monkeys and maybe if I had change some little waiscoat and fez outfits for them to wear.
Tue Jul 06, 2004 6:07 pm
I would buy the Batmobile and drive around naked
Tue Jul 06, 2004 6:08 pm
I would buy an Enzo and like live in it... Id just drive around alllll day...
Tue Jul 06, 2004 7:20 pm
Nice computer
Pay through college
Get a modest house and car
Do stuff for my parents
Invest.
(and two chicks at the same time.)
Pay through college
Get a modest house and car
Do stuff for my parents
Invest.
(and two chicks at the same time.)
Tue Jul 06, 2004 8:07 pm
A million dollers doesn't make you rich nowdays a more interesting question "would be what would you were the only winner in a mega jackpot lottery? (like the one in the news last week)
If I won a mega jackpot I would, After taxes, give about half to close relatives then I would move to Florida (or another warm state that doesn't collect state income tax) and buy a large house on a large lake. I would have a completely wired house as well as a large computer "lab" where I would poke around with linux and programming but without a doubt there would be a lot of gaming too. Of course I would have a T1 at least and bleeding edge hardware. I guess the biggest differences in my life would be that I would travel more and I would spend a significant amount of time researching charitable projects that peek my interest... perhaps I would hire a group of programmers to develop open source projects I deem worthy and personally beneficial? I imagine another major change would be that , as a mega-millioniare significant numbers of women would suddenly consider me attractive. Finding a date would be much easier.
If I won a mega jackpot I would, After taxes, give about half to close relatives then I would move to Florida (or another warm state that doesn't collect state income tax) and buy a large house on a large lake. I would have a completely wired house as well as a large computer "lab" where I would poke around with linux and programming but without a doubt there would be a lot of gaming too. Of course I would have a T1 at least and bleeding edge hardware. I guess the biggest differences in my life would be that I would travel more and I would spend a significant amount of time researching charitable projects that peek my interest... perhaps I would hire a group of programmers to develop open source projects I deem worthy and personally beneficial? I imagine another major change would be that , as a mega-millioniare significant numbers of women would suddenly consider me attractive. Finding a date would be much easier.
Tue Jul 06, 2004 9:47 pm
Originally posted by Buddahead
Purchase a plane ticket, fly to jeffro's house, shit in a bag, light it on fire, put it on his porch, ring and run!
As long as it doesn't smell.
Tue Jul 06, 2004 9:49 pm
Originally posted by Killer Mike
Two chicks at the same time.
Heh Office Space is the best movie
Tue Jul 06, 2004 10:55 pm
Buy a house for myself and one for my mother. Then I would put most of what is left into higher interest CD accounts. THen I would build a quad opteron PC rig with 16GB of ram and a dual X800 platnium video card with a dual moniter setup, then I would have a T3 line dug to my house.
Tue Jul 06, 2004 11:02 pm
aight well furst if i had a million dollers i just re stock my pimp gear ya know wat im sayin playas an i would just give all my hoes my love ya know wat im true pimps an then i buy my big ass mansion were all my hoes would sauy man fuck the guy that runs playboy look at me damn dawg i be runnin in my pajamas ( boxers ) an walk around wit my bone cus all the gurls love it an they throw there hands in the hair cus they know there dealin wit a true playa
Tue Jul 06, 2004 11:04 pm
Originally posted by Savant
1mil these days dont go far, not enough to retire on, if you want/have a family, and your say 35-40?....
True. It's not enough to retire on. However, if you're 35-40 and your current income is in the $80K-$100K range, you've acquired about half of your earning potential. So, if you can pay off all debts (and not accrue more), and invest the other half, you could easily cut your retirement age in half. By investing 20-50% of your income (no house/car/credit card payments), you could cut it down a few more years... *IF* your satisfied with your current lifestyle...