I'm amazed at how little I know about things. I had to look this up to see what it is. Had literally no idea. Thought maybe it was a brand of formula or infant food.
Just remember. Old people often have no idea what you're talking about.
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- Thread starter Mtowncyclone13
- Start date
I'm amazed at how little I know about things. I had to look this up to see what it is. Had literally no idea. Thought maybe it was a brand of formula or infant food.
Just remember. Old people often have no idea what you're talking about.
1. My house and cars are all paid off and I don't carry any credit card debt or have any student loans. I am still 20 years from retirement so to significantly impact long term financial security would probably take about $200,000 or so.
2. It would take lottery type money to impact my day to day life because then I could quit my job. It would have to be more than $5 million or so after taxes for me to be able to quit working forever.
Caillou was banned at our house due to incessant whining. Barney got the ban as well.
Old people with lots of grand kids do...and give me Looney Toons over Caillou any day!!!
Consider yourself lucky that you have not been subjected to the torture that is Caillou's whiny voice.
My wife teaches figure skating and if we won $100 million in the lottery she would probably still teach figure skating, just not at 5:30am. I wish she made tons of money so I could stay home. The only things I like more than my job are my h
If I won stupid amounts of money I would. Right now the plan is to stay in this house until my last kid exits the school district in 15 years, then cash in and see what's next.
I think that's reasonable. $500k wouldn't be enough for me to be able to quit my job forever but it would allow me to pay off the house, upgrade my cars, and still have several hundred thousand left. That would be a huge amount of financial stability. I'd still have to work, but I'd be doing so knowing that if I lost my job or had to quit I'd be just fine for a couple of years if need be.
I think I'd anything up to a couple million I'd still be working, though I might downgrade to a lower stress, lower pay job.
WTH is this thread about again? How much caillou you can take before you become insensitive to 3 year olds that can't grow hair?
I don't know where the one post went about the Mexican compound, and ending in gunfire in Vegas. My # would be whatever it costs for a week of debauchery in Vegas. If I survive that come back home a couple of million would get me to end of my days, and I could look back and think that was one crazy week.
I haven't read the whole thread and apparently it's gone way off the tracks, but...
$30. #GradStudentProblems
but really, $100k right now would pay off my loans, buy a new-to-me and newer-than-my-20-year-old-pickup vehicle, and leave a small cushion for incidentals. Maybe bump it up to get a jump on saving for a down payment on a home.
$30. #GradStudentProblems
but really, $100k right now would pay off my loans, buy a new-to-me and newer-than-my-20-year-old-pickup vehicle, and leave a small cushion for incidentals. Maybe bump it up to get a jump on saving for a down payment on a home.
Before even reading any replies this was exactly the amount I came up with right away too. That would easily pay off the mortgage and put kids through college and still have enough left over to live comfortably while not changing my current lifestyle.
For as much as some days I think it would be awesome to retire at age 37 with millions of dollars to do whatever I please with I think I'd get bored quickly and probably try to start up a business or something which would likely just lead me back into basically being a part of the workforce again. 500K would at least put your mind at ease enough that if your job becomes less enjoyable you have a cushion to step away and find something else you like better and not have to always worry about that "worst case scenario" of losing your job unexpectedly and having little to fall back on to hold you over while you look for employment.
1)
100k to ~$5million. I took this as what amount of money would I still keep my job. So it wouldn't really affect my day to day a whole lot. This amount would pay off my student loans easily and allow some extra for investing to be able to retire super early. I would probably take fancier vacations or maybe upgrade my car starting in the $1million range but I wouldn't call those aren't drastic day to day changes. Not like a job anyway.
1.5)
$5M-$10M I would still consider keeping my job or maybe see if I could try to take a sabbatical. I mean yes, that amount is certainly life changing and you could certainly squeeze out 50 years on that but would I want to? I got this number from if I spent $100k a year starting now with 2% inflation a year for 55 years. Which is ~$9.8M. I could invest it and stretch it out more/leave money for my family.
2)
The number for me to really say **** it and walk away from it all and do whatever?
$50million. I got that number if I was planning on spending $100k a month starting now with 4% return on investment and a 2% increase in spend year over year. That amount would leave me with ~$78million after 55 years which would leave an amazing next egg for my family and allow a ton of wiggle room for extra things throughout my life, emergencies, philanthropy etc.
For reference I am in my early 20s. Those numbers would be different each decade of my life.
100k to ~$5million. I took this as what amount of money would I still keep my job. So it wouldn't really affect my day to day a whole lot. This amount would pay off my student loans easily and allow some extra for investing to be able to retire super early. I would probably take fancier vacations or maybe upgrade my car starting in the $1million range but I wouldn't call those aren't drastic day to day changes. Not like a job anyway.
1.5)
$5M-$10M I would still consider keeping my job or maybe see if I could try to take a sabbatical. I mean yes, that amount is certainly life changing and you could certainly squeeze out 50 years on that but would I want to? I got this number from if I spent $100k a year starting now with 2% inflation a year for 55 years. Which is ~$9.8M. I could invest it and stretch it out more/leave money for my family.
2)
The number for me to really say **** it and walk away from it all and do whatever?
$50million. I got that number if I was planning on spending $100k a month starting now with 4% return on investment and a 2% increase in spend year over year. That amount would leave me with ~$78million after 55 years which would leave an amazing next egg for my family and allow a ton of wiggle room for extra things throughout my life, emergencies, philanthropy etc.
For reference I am in my early 20s. Those numbers would be different each decade of my life.
Thx for the thread, good topic.
1. $100k--I'd probably go buy a vacation home somewhere.
2. $500k--I'd probably go ahead and call it a day from the office.
1. $100k--I'd probably go buy a vacation home somewhere.
2. $500k--I'd probably go ahead and call it a day from the office.
500k, I would pay off the house and quit my job to try to make apps. I'd max out retirement accounts and try to make a living off developing phone apps for 5 years. If I sucked, I would just get another job.
Also, I noticed many of you are more interested in using the cash to buy a better car instead of your freedom.
Really? I don't understand that logic, but to each there own.
Really? I don't understand that logic, but to each there own.
since I am planning on stealing it...we can cut through the tax issue.
1. 1.3 million
2. 47.44 million
1. 1.3 million
2. 47.44 million
