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REMINDER: One million dollars is a quite insignificant amount of money.
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Date: October 22nd, 2017 8:10 PM Author: lascivious bistre stage (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34505372) |
Date: October 22nd, 2017 8:13 PM Author: violent cream ladyboy property just tell that to Peterman, you know how many trucker cocks he would have to suck? (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34505401) |
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Date: October 22nd, 2017 9:03 PM Author: exhilarant internet-worthy party of the first part 100 million (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34505923) |
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Date: October 22nd, 2017 9:02 PM Author: lascivious bistre stage (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34505916) |
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Date: October 22nd, 2017 11:14 PM Author: wonderful elite dingle berry not true at all. you could literally retire off that amount at almost any age depending on how frugally you live. (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506738) |
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Date: October 22nd, 2017 11:16 PM Author: soggy transparent karate center Show your work. (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506744) |
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Date: October 22nd, 2017 11:21 PM Author: Ruby love of her life ? (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506769) |
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Date: October 22nd, 2017 11:23 PM Author: soggy transparent karate center how can a guy in his mid 30s retire with just 1 mil? show an example. no third world countries. (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506784) |
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Date: October 22nd, 2017 11:28 PM Author: Ruby love of her life a lot of ways if you reinvest it properly
obvious example #1: $1mm would allow you to leverage into a ~$5mm real estate buy. you could buy an apartment complex in ARE COUNTRY at an 8-10 cap and easily cook six figures passive income
obvious example #2: if you're more risk averse and not wanting to go out and get brasted every weekend, you can put it in something like PRFHX and get 3.6% yield on your million ($36,000 per year) in federal tax-exempt dividends. |
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Date: October 22nd, 2017 11:41 PM Author: soggy transparent karate center Your apartment complex gets infested by gang bangers and meth heads. Property value falls to $2.5mm due to crime and you're underwater on the loan. Now you're being sued by some gangster who fell down the stairs after smoking crack. The city inspector just visited and you need $300k to make improvements.
Then what? |
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Date: October 22nd, 2017 11:30 PM Author: Contagious Sepia Point if you don't want to live in JYC, it's perfectly possible
a lot of bullshit we buy is just to give us enough happiness to cancel out the drudgery of working, if you don't have to work, you'll want to buy less shit |
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Date: October 22nd, 2017 11:39 PM Author: soggy transparent karate center Where is this possible in any top-25 metro area or nice suburb of one?
Let's say that costs $50k a year. That means you need 5% returns on your investment if you don't want to spend down your principal, which you can't afford to do in your 30s.
But $50k only buys that lifestyle right now, so you're getting raped by inflation eventually unless you make enough extra return to grow your principal. Sure it's possible, but you're gutted by ONE | WRONG | MOVE. |
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Date: October 22nd, 2017 11:22 PM Author: maroon french dopamine orchestra pit please explain (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506771) |
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Date: October 22nd, 2017 11:26 PM Author: lascivious bistre stage it's impossible to retire before you're eligible for medicare (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506802) |
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Date: October 22nd, 2017 11:17 PM Author: Marvelous Brunch Sure, if you plan on living in a high COL city for the rest of your life. Otherwise, it's still a lot.
Most of the US is NOT expensive, and overseas is even less expensive outside of places like western Europe. |
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Date: October 22nd, 2017 11:22 PM Author: maroon french dopamine orchestra pit the most expensive cities are in asia (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506777) |
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Date: October 22nd, 2017 11:23 PM Author: maniacal provocative trailer park generalized bond imagine there were parts of the country where even $500/month houses were considered luxurious. (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506786) |
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Date: October 22nd, 2017 11:32 PM Author: Contagious Sepia Point my first house, in one of the 20 most populous cities in the US, had a mortgage of under 400/mo and it is a 3/2.5
of course i rent it out for like 1300/mo right now |
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Date: October 22nd, 2017 11:39 PM Author: maniacal provocative trailer park generalized bond (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506874) |
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Date: October 22nd, 2017 11:30 PM Author: Sapphire pit liquid oxygen Flame. Jfc. If I had that much I'd seriously consider moving to a mountain or beach town and just trading crypto (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506826) |
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Date: October 22nd, 2017 11:33 PM Author: lascivious bistre stage i have more than a million, and even more than a million liquid and not in tax advantaged accounts, and let me tell you, it's exactly the same as having nothing. get up, go to work, grind. every day is the same (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506842) |
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Date: October 22nd, 2017 11:43 PM Author: soggy transparent karate center CR.
worse than having nothing, because having nothing is freedom.
I mean it will be much better eventually, someday, but yeah. |
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Date: October 22nd, 2017 11:35 PM Author: bateful canary french chef (guy who doesn't have $100K) (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506851) |
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Date: October 22nd, 2017 11:38 PM Author: lascivious bistre stage no i'm a millionaire. i felt richer when i just had $200k (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34506872) |
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Date: October 26th, 2017 5:15 AM Author: soul-stirring onyx lodge stain (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34531479) |
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Date: October 26th, 2017 9:32 AM Author: soggy transparent karate center (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34532373) |
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Date: October 26th, 2017 4:42 AM Author: galvanic cocky pisswyrm (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34531460) |
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Date: October 26th, 2017 4:44 AM Author: razzle-dazzle spot pistol CR. This is why we will never, ever abolish Social Security. Who can save up a million fucking dollars? Impossible to retire on, IMPOSSIBLE to earn, IMPOSSIBLE to save up. (http://www.autoadmit.com/thread.php?thread_id=3771915&forum_id=5#34531463) |
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Date: October 26th, 2017 9:34 AM Author: erotic cowardly sound barrier I'll probably never have a million dollars, it seems wrong for me to talk shit about it
if you have a million dollars and find it insignificant, well... 1UjVzBLBRCmojkGzMtvKixkoWtTjXxEyf |