Re: How big is winning 5M?
Some boxing purses are WAAAY over 5 mil.
Yes but there is some debate as to how that money is handled. How much of a $10 Mil purse actually makes it to the fighter?
As for the relative size of the win. If you can live on $200K a year you have no need to work any longer(I believe the average U.S. household makes $75K or maybe that's just Seattle). The tax man is going to come and take a nice chunk but it's still life changing cash, not enough to live "phat on the hog", but plenty to live well.
Now a fool like myself would probably buy a few more properties and stick myself into a full time job of managing the whole mess.
|