Tilted Forum Project Discussion Community - View Single Post - What would you do if you had a Million Dollars?

SaltPork · 06-04-2003, 06:37 PM

People, people, people....a lot of you have some pretty grandiose plans for the paltry million dollars. You must remember that a million bucks is not what it used to be. First, figure 40% goes to taxes...nothing is tax free. Now you're down to $ 600,000, not a small sum of money to be sure, however you must consider that you could buy a nicely appointed house for that money and that would be the end of it.

The smartest thing to do is to invest the $600K. Take all dividends and invest those back in for ten years, then after ten years quit working and enjoy the rest of your life.

Now, if the question were, what would you do if you had $100 million dollars? then my answer would have MUCH different.

06-04-2003, 06:37 PM	#19 (permalink)
SaltPork Everything's better with bacon Location: In your local grocer's freezer.	People, people, people....a lot of you have some pretty grandiose plans for the paltry million dollars. You must remember that a million bucks is not what it used to be. First, figure 40% goes to taxes...nothing is tax free. Now you're down to $ 600,000, not a small sum of money to be sure, however you must consider that you could buy a nicely appointed house for that money and that would be the end of it. The smartest thing to do is to invest the $600K. Take all dividends and invest those back in for ten years, then after ten years quit working and enjoy the rest of your life. Now, if the question were, what would you do if you had $100 million dollars? then my answer would have MUCH different. __________________ It was like that when I got here....I swear.