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#31
07-28-2005, 09:16 AM
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Re: How much money do you need?
Well, from 7.5 million you could live very comfortably from the interest alone. Depends on how modestly or lavishly you want to live. I think probably at around 5 million you could easily not work again for the rest of your life. As long as you're not stupid with it. I could probably do it with 3 million. Also depends on where you want to live. A modest house in Los Angeles now can cost a million dollars.
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#32
07-28-2005, 09:34 AM
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Re: How much money do you need?
[ QUOTE ]
Quotes like that make me happy, that I live in Canada. [/ QUOTE ] Yes, because we all know how well socialized medicine works. Enjoy your $12/litre gasoline and your 15% sales tax.
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#33
07-28-2005, 10:14 AM
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Re: How much money do you need?
It depends where you live, if you own a house already, etc.
I would say that if it is Los Angeles(best games and quantity of games + close to Las Vegas), and you are commited to not living extravagantly and you have a seperate dedicated BR for poker and you are relying on the money as your only income, about $5 million. At 5% you get 250,000 per year before taxes. Say you purchase a reasonably modest home for $800,000 in Northridge(middle class suburb of LA). The $250K should be enough to pay your mortgage and also put a bit back into saving each year to ensure you keep ahead of inflation.
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#34
07-28-2005, 11:01 AM
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Re: How much money do you need?
[ QUOTE ]
[ QUOTE ] Quotes like that make me happy, that I live in Canada. [/ QUOTE ] Yes, because we all know how well socialized medicine works. Enjoy your $12/litre gasoline and your 15% sales tax. [/ QUOTE ] Not to mention all those annoying Canadians you have as neighbors. Canuckistan < USA.
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#36
07-28-2005, 11:30 AM
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Re: How much money do you need?
[ QUOTE ]
[ QUOTE ] Quotes like that make me happy, that I live in Canada. [/ QUOTE ] Yes, because we all know how well socialized medicine works. Enjoy your $12/litre gasoline and your 15% sales tax. [/ QUOTE ] nh
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#38
07-28-2005, 12:08 PM
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Re: How much money do you need?
7 million liquid.
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#39
07-28-2005, 12:12 PM
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Re: How much money do you need?
[ QUOTE ]
[ QUOTE ] Quotes like that make me happy, that I live in Canada. [/ QUOTE ] Yes, because we all know how well socialized medicine works. Enjoy your $12/litre gasoline and your 15% sales tax you disgusting pinko fvcker. [/ QUOTE ] FYP
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#40
07-28-2005, 01:37 PM
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Re: How much money do you need?
[ QUOTE ]
[ QUOTE ] [ QUOTE ] Quotes like that make me happy, that I live in Canada. [/ QUOTE ] Yes, because we all know how well socialized medicine works. Enjoy your $12/litre gasoline and your 15% sales tax you disgusting pinko fvcker. [/ QUOTE ] FYP [/ QUOTE ] Capitalism sucks. I could make a million dollars a day, FOR THE REST OF MY LIFE, and not have as much money as Bill Gates has right now. In order for someone to be rich, many others must be poor. While I realize we have it quite well here in the States, there's still plenty of corruption, and room for improvement. Our government is comprised of rich half-wits, and most of us are too apathetic to bother doing anything about it. The average Joe, who might have some great ideas on how to improve the country, can't afford to not work 40+ hours a week and run for office. Here in Massachusetts, before Mitt Romney was elected as governer, he was asked "do you plan to balance the budget on the backs of the poor?" His response was something to the effect of "no, of course not, that's a loaded question. There are all sorts of revenue sources we can look at, keno, lottery ticket sales...." Keno and lottery ticket sales hurt the poor and middle class, who wind up paying for the roads and services, since you don't see many rich folk buying up handfuls of lottery tickets in hopes of "hitting the big one". Yes, this is a voluntary system, but it prays upon peoples weaknesses, and the failures of our economy. And don't go confusing support of socialism or communism for someone being anti-democracy, since our country isn't even a democracy, it's a republic. Communism and Socialism should be compared with Capitalism, not Democracy. Now, where was I? Oh yeah, fight the powah! [img]/images/graemlins/grin.gif[/img]
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