If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Live?
- Thread starter CoTtOnMoUf
- Start date
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
I see a lot of people would make a few critical mistakes. Not sure why people think when you obtain money the correct thing to do is give other people your money(invest). There is nothing wrong with investing when a person is very knowledgeable and experienced.
Like one of the brothas posted earlier, you could literally live off the interest if you are willing to live a moodiest lifestyle. Winning a million dollars would offer someone a early retirement if they can live modest.
Realistically you could look at retiring around the age of 40-45
I see a lot of people would make a few critical mistakes. Not sure why people think when you obtain money the correct thing to do is give other people your money(invest). There is nothing wrong with investing when a person is very knowledgeable and experienced.
Like one of the brothas posted earlier, you could literally live off the interest if you are willing to live a moodiest lifestyle. Winning a million dollars would offer someone a early retirement if they can live modest.
Realistically you could look at retiring around the age of 40-45
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
how much is>?I see a lot of people would make a few critical mistakes. Not sure why people think when you obtain money the correct thing to do is give other people your money(invest). There is nothing wrong with investing when a person is very knowledgeable and experienced.
Like one of the brothas posted earlier, you could literally live off the interest if you are willing to live a moodiest lifestyle. Winning a million dollars would offer someone a early retirement if they can live modest.
Realistically you could look at retiring around the age of 40-45
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Give it to my sister so chikd support wont take any.....then get 10-12 hour job and live of interest, split the interest with my sister 4% interest for a year is 40k she'll get 20k.
Give it to my sister so chikd support wont take any.....then get 10-12 hour job and live of interest, split the interest with my sister 4% interest for a year is 40k she'll get 20k.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
real estate.
real estate.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
It's not. Especially for my NY fam. In NY, the cost of living is so high that that money won't go far at all. My mortgage of $1373 for a 2550 sq. ft. 4 bedroom house wouldn'tse by a studio apartment in NY...at least one in an area that didn't have me fearing for my life or the stuff in my apartment.
Midwest money goes way farther than NY money. Paying my house in the burbs off and buying 2 cars at $30k a piece and I still haven't gone over a quarter mil in Ohio. That being said, I wouldn't quit my job. Not until i have strategized and worked out plans that the money I make exceeds what I make now. It doesn't make sense. If you take Lake Erie, poke a hole in it and it never rains again, that lake will eventually run out of water. Same with money. You have to make sure that you can survive on that shit without any money coming in. Only then do you quit your job. But until I make double what I am making now in interest and other income off of that million I am staying at work.
It's not. Especially for my NY fam. In NY, the cost of living is so high that that money won't go far at all. My mortgage of $1373 for a 2550 sq. ft. 4 bedroom house wouldn'tse by a studio apartment in NY...at least one in an area that didn't have me fearing for my life or the stuff in my apartment.
Midwest money goes way farther than NY money. Paying my house in the burbs off and buying 2 cars at $30k a piece and I still haven't gone over a quarter mil in Ohio. That being said, I wouldn't quit my job. Not until i have strategized and worked out plans that the money I make exceeds what I make now. It doesn't make sense. If you take Lake Erie, poke a hole in it and it never rains again, that lake will eventually run out of water. Same with money. You have to make sure that you can survive on that shit without any money coming in. Only then do you quit your job. But until I make double what I am making now in interest and other income off of that million I am staying at work.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
I teach 'em
even tho' it doesn't always reach 'em
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Well I live in Texas and wouldnt leave Texas so there would be no job if I got that million
Well I live in Texas and wouldnt leave Texas so there would be no job if I got that million
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
First thing I'd do is go buy me some Spreewell's & a case of 4 Loko.
First thing I'd do is go buy me some Spreewell's & a case of 4 Loko.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
you could get 75,000 a year for 30 years enough time to save for another retirement[put up an ira every year ] http://www.free-financial-advice.net/retire-early.html
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
im gonna buy a $35 million plane and pimp it out lol
im gonna buy a $35 million plane and pimp it out lol
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
You were only given 1 mill
With my poor spending habits a mill ain't shit. Id have to leave the country and live off the interest in order to be comfortable.
You were only given 1 mill
With my poor spending habits a mill ain't shit. Id have to leave the country and live off the interest in order to be comfortable.
kogalee
Banned
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
This^^^
1 million after taxes....
MAKES One Day interest in the bank – $109.59
Smartly can generate somewhere between 4% to 12% interest annually if
you don't touch it just let it bear interest.
Leaving you with somewhere between 40K and 120K paid out quarterly or
annually for the rest of your natural life.
You are taxed on the interest so be sure to pay uncle SAM on time every time.
40-100k+ per year with a million dollar back up in case the sky starts
falling should be enuf for anyone to live well off of or do bigger and
better things with.
http://www.accumulatingmoney.com/how-much-interest-do-you-earn-on-one-million-dollars/
http://money.cnn.com/magazines/fortune/price_rent_ratios/
This^^^
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Not enough money to really change my lifestyle so I really don't know @ this moment but I would look to invest it some where.
Not enough money to really change my lifestyle so I really don't know @ this moment but I would look to invest it some where.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Costa Rica, move to the Nicoya peninsula.. The average person makes 600 US a month there and lives comfortable. I'd open a bed and breakfast or teach yoga lessons I'm sure I could make a mil stretch till I was ready to die.
Costa Rica, move to the Nicoya peninsula.. The average person makes 600 US a month there and lives comfortable. I'd open a bed and breakfast or teach yoga lessons I'm sure I could make a mil stretch till I was ready to die.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
The reason why I don't have a million dollars ,is probably because I don't know what to do with a million dollars,honestly I would probably go broke
between 6months to a year....My Family & Friends would think I was Mc.Hammer.I would do some resrearch on investing & find out what there
is a high demand for.
The reason why I don't have a million dollars ,is probably because I don't know what to do with a million dollars,honestly I would probably go broke
between 6months to a year....My Family & Friends would think I was Mc.Hammer.I would do some resrearch on investing & find out what there
is a high demand for.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Do you know what is so amazing? You are already earned that amount or more or soon going to be millionaires. Just add all the money you made and future earnings. Hint to the older guys. In your forties, you should receive a social security statement telling you an estimate how much S.S money you will be entitle to at certain ages. It shows how much you made from day one to the present of your working career. The major corporations already knows this and have a system to taking your wealth in small pieces so you even don't notice it. Most of it is taken away with credit to buy big liabilities ( cars, student loans, houses that you live in and other big ticket items). The rest is used to buy smaller liabilities, pay taxes and necessities like food and etc. If you ever brought a home. At closing, they show you how much you will be paying over the life of the loan (very big amount). They even tell you not to get scared when you see that figure. Look at the interest on those other loans and add them up. You will be shocked. We even chose to ignore these figures. Most of the people with the nice credits scores, they love the most because they can squeeze the most wealth from you (some are wise to the game). Because you stay in the perfect zone. That why have credit scores and programs the masses to have good credit. You can use your credit to create wealth instead of buying liabilities.The major corporations are playing the game of chess on the masses. Long term wealth taking. You have to get educated. Have to learn to change your way of thinking. Learn to buy assets, start businesses and learn more and more about money. The net is great source to find out. Do your own research. You have to find out what works for you and go for it or choose to ignore. Hope this information can be used as assistance in this thing called life. Peace
Do you know what is so amazing? You are already earned that amount or more or soon going to be millionaires. Just add all the money you made and future earnings. Hint to the older guys. In your forties, you should receive a social security statement telling you an estimate how much S.S money you will be entitle to at certain ages. It shows how much you made from day one to the present of your working career. The major corporations already knows this and have a system to taking your wealth in small pieces so you even don't notice it. Most of it is taken away with credit to buy big liabilities ( cars, student loans, houses that you live in and other big ticket items). The rest is used to buy smaller liabilities, pay taxes and necessities like food and etc. If you ever brought a home. At closing, they show you how much you will be paying over the life of the loan (very big amount). They even tell you not to get scared when you see that figure. Look at the interest on those other loans and add them up. You will be shocked. We even chose to ignore these figures. Most of the people with the nice credits scores, they love the most because they can squeeze the most wealth from you (some are wise to the game). Because you stay in the perfect zone. That why have credit scores and programs the masses to have good credit. You can use your credit to create wealth instead of buying liabilities.The major corporations are playing the game of chess on the masses. Long term wealth taking. You have to get educated. Have to learn to change your way of thinking. Learn to buy assets, start businesses and learn more and more about money. The net is great source to find out. Do your own research. You have to find out what works for you and go for it or choose to ignore. Hope this information can be used as assistance in this thing called life. Peace
Last edited:
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
This
and this.....
If a person wants to play it safe get an interest bearing account/certificate that will give you that residual income to live off of. I'm actually looking into doing that because the interest on savings accounts are trash and the overall interest rates for any type of IRA/CERTIFICATE/MMA are trash (I fucking hate the FED). I think the highest I've seen so far was 3% and that was for a 7 year deal.
1 million after taxes....
MAKES One Day interest in the bank – $109.59
Smartly can generate somewhere between 4% to 12% interest annually if
you don't touch it just let it bear interest.
Leaving you with somewhere between 40K and 120K paid out quarterly or
annually for the rest of your natural life.
You are taxed on the interest so be sure to pay uncle SAM on time every time.
40-100k+ per year with a million dollar back up in case the sky starts
falling should be enuf for anyone to live well off of or do bigger and
better things with.
http://www.accumulatingmoney.com/how-much-interest-do-you-earn-on-one-million-dollars/
http://money.cnn.com/magazines/fortune/price_rent_ratios/
This
This is real easy.
I would keep my same house and working the same job.
I would take $250K and pay off:
- House $130K
- Student loans $70K
- Car $9K left on the note
- Credit cards $5K
That leaves me $36K to:
- Pimp out the interior of my house
- Get a new motorcycle
- Take some international trips
The other $750K goes into a SAFE financial instrument that can yield me about 4% interest a year. That equates to about $20K/Year after taxes
EXTRA in my life!!!
and this.....
If a person wants to play it safe get an interest bearing account/certificate that will give you that residual income to live off of. I'm actually looking into doing that because the interest on savings accounts are trash and the overall interest rates for any type of IRA/CERTIFICATE/MMA are trash (I fucking hate the FED). I think the highest I've seen so far was 3% and that was for a 7 year deal.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Advice. Don't hate the game. Learn how to play the game. The secret to the game with the Feds.The Fed rewards the Creators. People who took the time and money to start something out of nothing like businesses inventions, ideas, etc.. It creates employees. These employees pays taxes to the Fed who also pays the most. That why the government mostly works for them and give them the most benefits. Other countries know this and are completing for them as well. That's why we are having outsourcing. The crazy thing is that major corporations knows there are way more people to make money off in other countries than here in the USA. Good thing is that we are starting to learn how the game is played and doing different things. Well, in theory. This my understanding by the comments being made here. I'm not a economist or trying to be one. Just a seeker of knowledge. Peace
Advice. Don't hate the game. Learn how to play the game. The secret to the game with the Feds.The Fed rewards the Creators. People who took the time and money to start something out of nothing like businesses inventions, ideas, etc.. It creates employees. These employees pays taxes to the Fed who also pays the most. That why the government mostly works for them and give them the most benefits. Other countries know this and are completing for them as well. That's why we are having outsourcing. The crazy thing is that major corporations knows there are way more people to make money off in other countries than here in the USA. Good thing is that we are starting to learn how the game is played and doing different things. Well, in theory. This my understanding by the comments being made here. I'm not a economist or trying to be one. Just a seeker of knowledge. Peace
Last edited:
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
Most of the people you Greet will be from that "people of walmart" site......
Most of the people you Greet will be from that "people of walmart" site......
mit_dropout
Banned
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
I'm doing whatever this guy said.1 million after taxes....
MAKES One Day interest in the bank – $109.59
Smartly can generate somewhere between 4% to 12% interest annually if
you don't touch it just let it bear interest.
Leaving you with somewhere between 40K and 120K paid out quarterly or
annually for the rest of your natural life.
You are taxed on the interest so be sure to pay uncle SAM on time every time.
40-100k+ per year with a million dollar back up in case the sky starts
falling should be enuf for anyone to live well off of or do bigger and
better things with.
http://www.accumulatingmoney.com/how-much-interest-do-you-earn-on-one-million-dollars/
http://money.cnn.com/magazines/fortune/price_rent_ratios/
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
I'd say FUCK this white supremacy country called the US I'd relocate to Africa buy a village and marry all the young virgins in the village and live like a king
BTW I'd give the rest to the underprivileged african kids!
I'd say FUCK this white supremacy country called the US I'd relocate to Africa buy a village and marry all the young virgins in the village and live like a king
BTW I'd give the rest to the underprivileged african kids!
Last edited:
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
sounds like a helluva plan!
Spend a little on whiskey, a little on women....and blow the rest.
sounds like a helluva plan!
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
I would take half of it and but as many homes out here that are under 50K rehab them and rent them out and put some of them in my ROTH the others in my PAT put 100K into four bank accounts and use 100k to do other shit like pay some bills, buy the wife & kids some shit.
I would take half of it and but as many homes out here that are under 50K rehab them and rent them out and put some of them in my ROTH the others in my PAT put 100K into four bank accounts and use 100k to do other shit like pay some bills, buy the wife & kids some shit.
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
What Country?????
I'd say FUCK this white supremacy country called the US I'd relocate to Africa buy a village and marry all the young virgins in the village and live like a king
BTW I'd give the rest to the underprivileged african kids!
What Country?????
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
DUde gonna relocate to Sudan and get beheaded for all his dough
What Country?????
DUde gonna relocate to Sudan and get beheaded for all his dough
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
No shit!
DUde gonna relocate to Sudan and get beheaded for all his dough
No shit!
Re: If U Were Given 1 MILLION DOLLARS, After Taxes, What Would U Do? How Would U Liv
I'm going back to school full time. I want a masters in business. I have some great ideas but don't know what to do with them. Give me the million and it's back to school I go.
I'm going back to school full time. I want a masters in business. I have some great ideas but don't know what to do with them. Give me the million and it's back to school I go.
Similar threads
