How much money would you need to never have to work again

[rlsmooth775]

i think i could live with 5 million bucks for the rest of my life

[Myth]

$2 million plus benefits.

[Just2McFly]

a trillion

[Flash31]

Realistically to live an average life with 0 Bills and never worrying about anything
and having time and money to do what you want

5 Million at Least

A million dollars nowadays would not last long at all
maybe 10-15 years if you stretch it

A decent house will cost you 200,000 grand at least unless its in bumfck nowhere or a foreign country

so youre left with 800,000 grand for what 50-70 years

At minimum someone needs 50k to remain somewhat stable every year

So 50 by 50
2.5 million at just bare minimum

So about 10 Million Dollars
Thats roughly 200 grand for 50 years or
about 110-130 grand for 50-80 years which is good
No bills,anything you want,can go to any place,can live anywhere in the world

[hateraid]

I make 6 figures and I always feel like im broke. So in 18 years id make 2 million.
id say at this point of my life id need 5 mil. If I started in my 20s id say 10 mil

[Nanners]

you dont need money to never work again. take a look at my cousin, hes broke, dont do shit.

[Meticode]

Personally I'd hope I'd still work. Possibly change career paths, but I want to work as long as my body will let me. Challenge myself everyday, try to help people.

[bigkingsfan]

Two million, can just live off the interest.

[flipogb]

by never work ,you mean as an employee ? for that id say 500 K.

to just sit on my a$$ forever , 2 mil

[zoom17]

3-4 million

[robert de niro]

half of whatever iverson spent in the last decade

[KyleKong]

Average child costs 400k in America

[PistonsFan#21]

Average child costs 400k in America

thats from birth till 18 i assume? so 400k for 18 years of your life

[KyleKong]

thats from birth till 18 i assume? so 400k for 18 years of your life
Yes and I'm wrong new study says 248k.

So all you guys dating 500k will last 70 years better be balling on a budget

[CelticBaller]

5 million

[GimmeThat]

when things are free.


ain't we all aiming for a utopia economy and all folks?

[BigBoss]

3 million.

Read somewhere that the average person makes 2 million in their lifetime. So 2 million to cover what I would have made at work. And 1 million for security/to do the things I want to do in my life.

Crazy how scrub NBA players make that in 8 months work.

[Bandito]

I can live with 400 thou a year easy. So get enough so I can get 400 thou in interest in a random bank and live off the interest...

[Draz]

I make 6 figures and I always feel like im broke. So in 18 years id make 2 million.
id say at this point of my life id need 5 mil. If I started in my 20s id say 10 mil
What's your occupation?

[knickballer]

500k and I'll just leave the country...

[russwest0]

1 million. I'll just invest 100k of it in an interest account that keeps reinvesting and making me money for retirement and I'll use some of the rest to make money online and keep that automated and will just chill with the remaining 800k.

[DeuceWallaces]

Lol at these people saying 1 mil who are in their 20s. Assuming I continue to have no kids and I'm currently 34, I would need about 40-45 years at 70K to be comfortable which is about 3-3.1 million.

[magic chiongson]

$5m america, $1m overseas

[EnoughSaid]

The only time I'd completely put off work would be if I'm financially stable enough to be able to live in a decent home and travel 5-6 times a year. For all of that I'd probably need around $5-$10 million.

[NugzFan]

Two million, can just live off the interest.

:oldlol:

enjoy that lifestyle

[NugzFan]

love how so many people have no idea what inflation is.

[bigkingsfan]

:oldlol:

enjoy that lifestyle

You can get around 75-100k a year depending where you put it. That's comfortable enough.

[StephHamann]

1 million

if you work in a "normal" job you make around 1 million in your lifetime

[DeuceWallaces]

love how so many people have no idea what inflation is.

The appreciation on your investments from a multi-million dollar payout would supersede the effects of inflation which haven't exactly been passed on to wages the past 15 years anyway.

[NugzFan]

You can get around 75-100k a year depending where you put it. That's comfortable enough.

a) to make 100k from 2 million, you need a 5% interest rate. good luck finding even half of that

b) inflation will eat that 2 million up so fast

c) you have to pay taxes on any earnings (interest, investments, etc)

d) are you planning on having a house and a family? are you planning on living in alabama? these things make a huge difference.

[NugzFan]

The appreciation on your investments from a multi-million dollar payout would supersede the effects of inflation which haven't exactly been passed on to wages the past 15 years anyway.

did you read all the posts in this thread?

[ALBballer]

:oldlol:

enjoy that lifestyle

5% return on your money @ $2 million is around $100k and it would be taxed lower. 2 million is a good amount.

Also inflation hurts those that have their funds in fiat currencies and those that have their wealth in capital are not effected as much .

[NugzFan]

5% return on your money @ $2 million is around $100k and it would be taxed lower. 2 million is a good amount.

Also inflation hurts those that have their funds in fiat currencies and those that have their wealth in capital are not effected as much .

good luck finding a 5% return. good luck finding 2% these days. if you are talking investments, then you can also lose money. but no one is getting a 5% return guaranteed without risk.

(now if you are 60 years old, then 2 million today would probably last you. but for the kids on this board who are 15-25 years old, good luck with that)

and either way, its still taxed. yes, taxed lower but its still gonna net you less than 100k.

thirdly, 100k in 20 years aint shit. you guys must want to live in one bedroom apartments in kansas or south dakota and never take vacations or drive nice cars.

I guess if you keep your expectations low, you cannot disappoint yourselves.

[B-hoop]

Lol at the ones saying 1 million if overseas. Unless you go to a ****ed up country (more ****ed than brazil) 1 million won't get you much. A 600 sq ft apartment in Brazil costs around 400-600k in Rio or S

[ArbitraryWater]

1 million

I thought this was like how much you need to "survive" without a job for the rest of ur life... 1 milli

[bigkingsfan]

good luck finding a 5% return. good luck finding 2% these days. if you are talking investments, then you can also lose money. but no one is getting a 5% return guaranteed without risk.

(now if you are 60 years old, then 2 million today would probably last you. but for the kids on this board who are 15-25 years old, good luck with that)

and either way, its still taxed. yes, taxed lower but its still gonna net you less than 100k.

thirdly, 100k in 20 years aint shit. you guys must want to live in one bedroom apartments in kansas or south dakota and never take vacations or drive nice cars.

I guess if you keep your expectations low, you cannot disappoint yourselves.

5% can be done, and you can beat inflation by not spending all your money each year.

[Flash31]

I think most of y'all do not get inflation and avg living at all.

This is at Minimum probably for 50 years.
Inflation has made the cost of goods rise 1000% the past 30 years and houses went from an avg of 40-80 thousand to
100-400 thousand for a decent sized one.

1 million isn't sht over 50 years.
2 million isn't sht.

I mean unless you plan on living in a farm,rural area,be extremely frugal with your money and expenses,then 2 million will not do it.

1 mill over 50 years AT minimum is
20,000$ A Year That's poverty line level
2 Million is

40,000$ a Year
That will NOT clear your bills,offer you free time,anything besides at Best the avg life with Bills like every other working class American working check to check

A decent house will cost you at minimum 100,000 plus taxes,electric bills
That's 200,000-300,000 on Just Your House

A decent car 30,000-40,000
Furniture,Clothes,Living Expenses
Another 100,000 grand at least

So to start you have then 1.5 million at Best
Thats 30,000 a Year and that is only for 50 Years
Your car isn't going to run for 50 Years,Your taxes and inflation and living expenses will rise every year.

So safe side make a minimum of 75,000-100,000 grand every year
for at minimum 50 Years
75 by 50
3.5 million to 5 million and that is only for 50 Years

Unless you want to live like the avg broke,check to check American
then 5 million is the bare amount accounting for inflation,expenses,free time,ability to travel and enjoy your life without any worry about money

[bigkingsfan]

Unless you want to live like the avg broke,check to check American
then 5 million is the bare amount accounting for inflation,expenses,free time,ability to travel and enjoy your life without any worry about money

This is assuming YOU never work again, not your spouse. So yes it can be done if you have another working.

[G-train]

i think i could live with 5 million bucks for the rest of my life

Live where?

[BlazerRed]

4 million + benefits. Got to account for inflation.

[NugzFan]

5% can be done, and you can beat inflation by not spending all your money each year.

there is no guarantee to get 5%. always has risk. what do you do when the market goes down 10%, 20%, 30% etc in a year?

like i said earlier, enjoy your lifestyle. i know people can and do live on 50k per year (or even much less).

[NugzFan]

I think most of y'all do not get inflation and avg living at all.

This is at Minimum probably for 50 years.
Inflation has made the cost of goods rise 1000% the past 30 years and houses went from an avg of 40-80 thousand to
100-400 thousand for a decent sized one.

1 million isn't sht over 50 years.
2 million isn't sht.

I mean unless you plan on living in a farm,rural area,be extremely frugal with your money and expenses,then 2 million will not do it.

1 mill over 50 years AT minimum is
20,000$ A Year That's poverty line level
2 Million is

40,000$ a Year
That will NOT clear your bills,offer you free time,anything besides at Best the avg life with Bills like every other working class American working check to check

A decent house will cost you at minimum 100,000 plus taxes,electric bills
That's 200,000-300,000 on Just Your House

A decent car 30,000-40,000
Furniture,Clothes,Living Expenses
Another 100,000 grand at least

So to start you have then 1.5 million at Best
Thats 30,000 a Year and that is only for 50 Years
Your car isn't going to run for 50 Years,Your taxes and inflation and living expenses will rise every year.

So safe side make a minimum of 75,000-100,000 grand every year
for at minimum 50 Years
75 by 50
3.5 million to 5 million and that is only for 50 Years

Unless you want to live like the avg broke,check to check American
then 5 million is the bare amount accounting for inflation,expenses,free time,ability to travel and enjoy your life without any worry about money

/thread

:applause: :applause: :applause:

(lll even add you were being very generous with a 100k house...where can you get a decent house for 100k?)

[Cowboy Thunder]

$500k + investing in bitcoin = set for lyfe

[bigkingsfan]

there is no guarantee to get 5%. always has risk. what do you do when the market goes down 10%, 20%, 30% etc in a year?

like i said earlier, enjoy your lifestyle. i know people can and do live on 50k per year (or even much less).

There's nothing that says your spouse can't work. :confusedshrug: The biggest hurdle for American is paying off their house, you don't face that here.

[NugzFan]

There's nothing that says your spouse can't work. :confusedshrug: The biggest hurdle for American is paying off their house, you don't face that here.

so your plan is to chill at home while your wife works? :oldlol:

and why doesnt the house count?

[bigkingsfan]

so your plan is to chill at home while your wife works? :oldlol:

and why doesnt the house count?

The rule states that you can't work. What else are you going to do? For housing, I'm talking about mortgage payment and interest over a 20 year period. You get a house upfront and paid off here.

[NugzFan]

The rule states that you can't work. What else are you going to do? For housing, I'm talking about mortgage payment and interest over a 20 year period. You get a house upfront and paid off here.

i guess i assumed i would be able to retire with my wife and family. not find some stupid loophole where she keeps working. otherwise i would need 1 cent to retire assuming my wife is a multi billionaire. :rolleyes:

and why did you make up a rule that says you "get a paid off house"

the question states "How much money would you need to never have to work again"

you are either really young, very naive, or really lazy.

[bigkingsfan]

i guess i assumed i would be able to retire with my wife and family. not find some stupid loophole where she keeps working. otherwise i would need 1 cent to retire assuming my wife is a multi billionaire. :rolleyes:

and why did you make up a rule that says you "get a paid off house"

the question states "How much money would you need to never have to work again"

you are either really young, very naive, or really lazy.

That's not a loophole, that's answering the question. Obviously, my answer would be different if no one in my family can work for the next 60 years.

What rule? You get two million, the first you're going to do is fully pay off a house.

[Derka]

If I had $10-$20 million, I'd probably still work.

[NugzFan]

That's not a loophole, that's answering the question. Obviously, my answer would be different if no one in my family can work for the next 60 years.

its a cop out. who in the right mind says "yeah i could live off of 2 million but my wife has to keep working" :rolleyes:


What rule? You get two million, the first you're going to do is fully pay off a house.

ok, a decent house can run you 100k to 500k or more, depending on where you want to live. which means your return/income goes down.

i for one, do not want to live in an area where 100k buys a decent house.

[bigkingsfan]

its a cop out. who in the right mind says "yeah i could live off of 2 million but my wife has to keep working" :rolleyes:



ok, a decent house can run you 100k to 500k or more, depending on where you want to live. which means your return/income goes down.

i for one, do not want to live in an area where 100k buys a decent house.

Stop making assumptions, you're free to interpret the question however you want. 300k would get you a nice house in most part of the country, there you go making assumption about people wanting 100k house again. :rolleyes:

[yobore]

1 million is doable if you don't have kids. You just have to be able to live on less than your investment returns, which should get you ~ 70,000 a year unless you're starting at exactly the wrong time like 2008. If you start out living in the South or Midwest and don't have kids for a while that 1,000,000 can grow fairly quickly, for example if you spend 3% of what you own every year (which is well above 2x minimum wage at the start), that 1 mill would be double in about 17 years.

[Flash31]

/thread

:applause: :applause: :applause:

(lll even add you were being very generous with a 100k house...where can you get a decent house for 100k?)


well in the US either in a rural area,bumfck nowhere,or a place with a load of crime or nothing to do

so would you want a decent house for about 100 grand in
Det,not so good areas in Mem,Oklahoma,Idaho,Iowa,Arkansas

Really in areas you would not want to live for your whole life but hey
you can get 3 things on a house

Size,Location,Cheap Price two of those 3 but never all 3
Decent House,Cheap not a great area
Great Area,Decent House very expensive
cheap,great area,not a very good house


If lets say youre 20-25
Avg american lives to 70-75 but usually longer
so 50 Years

Car--needs replacing,new car,oil,gas---100,000
House--200,000-500,000
Furniture,Clothes----100,000
Insurance---100,000 at Minimum
Electric,Water Bills---200,000 at Minimum

And that is not including gas,food,daily expenses,living expenses,inflation

So 750,000 is wiped out from the Bare Minimum

The q asks how much money would you need to Never have to work again
well if you have Bills to worry about then it's not enough,
if you don't have money for health bills,regular living expenses and basically having money and time to live rather than survive then what is the point

I'm sure nobody here would be or is just striving to not work and Only Survive rather than Live

If lets say with no bills,no worry and time to do things--you'll live longer,healthier which means your money has to last even longer

so instead of 50 years,its 60-70 years
I know no one wants to be in a retirement home at old age now

So 60 Years
3 Million over that is
50,000 a Year which is decent not accounting for inflation

5 million
83,000 a year

10 million puts you at 166,000 a Year

so basically 5-10 million

1-3 Million is Not lasting 50-60 Years unless you are being very frugal
Monthly Bills Alone on a Minimum would be 1,500-2,500(House,Car,Insurance,Bills,Entertainment,Food )

[G-train]

$1m if you buy a plane ticket to Bali and buy a house.

[yobore]

well in the US either in a rural area,bumfck nowhere,or a place with a load of crime or nothing to do

so would you want a decent house for about 100 grand in
Det,not so good areas in Mem,Oklahoma,Idaho,Iowa,Arkansas

Really in areas you would not want to live for your whole life but hey
you can get 3 things on a house

Size,Location,Cheap Price two of those 3 but never all 3
Decent House,Cheap not a great area
Great Area,Decent House very expensive
cheap,great area,not a very good house


If lets say youre 20-25
Avg american lives to 70-75 but usually longer
so 50 Years

Car--needs replacing,new car,oil,gas---100,000
House--200,000-500,000
Furniture,Clothes----100,000
Insurance---100,000 at Minimum
Electric,Water Bills---200,000 at Minimum

And that is not including gas,food,daily expenses,living expenses,inflation

So 750,000 is wiped out from the Bare Minimum

The q asks how much money would you need to Never have to work again
well if you have Bills to worry about then it's not enough,
if you don't have money for health bills,regular living expenses and basically having money and time to live rather than survive then what is the point

I'm sure nobody here would be or is just striving to not work and Only Survive rather than Live

If lets say with no bills,no worry and time to do things--you'll live longer,healthier which means your money has to last even longer

so instead of 50 years,its 60-70 years
I know no one wants to be in a retirement home at old age now

So 60 Years
3 Million over that is
50,000 a Year which is decent not accounting for inflation

5 million
83,000 a year

10 million puts you at 166,000 a Year

so basically 5-10 million

1-3 Million is Not lasting 50-60 Years unless you are being very frugal
Monthly Bills Alone on a Minimum would be 1,500-2,500(House,Car,Insurance,Bills,Entertainment,Food )
How do you expect most people live when they're only earning around 1 million over the course of their lives? Also have you ever heard of investing? Over those 60 years, an untouched 1,000,000 would be 57,000,000 considering at 7% annualized return.

[NugzFan]

Stop making assumptions, you're free to interpret the question however you want. 300k would get you a nice house in most part of the country, there you go making assumption about people wanting 100k house again. :rolleyes:

im not assuming anything. you are making up stupid rules when the question was very simple. "how much do you need to not work again?"

not "how much do you need to not work again assuming you get a paid for house and your wife keeps working?"

anyways, so now your 2 million is down to 1.7 million. (you bought a 300k house)

lets say you get your 5% return. thats $85,000.

taxes on that kind of money are about $17,500.
http://www.bankrate.com/financing/taxes/irs-issues-2014-tax-brackets/

now you are down to $67,500 per year. which is ~$5625 per month. yes, you have no mortgage because you paid your 300k house off in cash. very nice.

but you do have home insurance. and HOA dues. and property taxes. those dont go away ever. plus utilities (gas, electric, garbage, water, etc which i assume you will want?). oh and houses cost money to maintain. quite a bit actually. stuff needs to be repaired and replaced all the time. stuff needs to be bought for the house (furniture, accessories, kitchen appliances, etc).

then you have stuff like gas for your car, food, health insurance (since you dont work), car insurance, cell phones, internet, cable, etc.

oh and your cars have registration dues and repairs. and you'll need to buy cars every 10 years (ok ill let you go 15). those cost money in case you didnt know. a lot of money.

and thats just the basic stuff. what about vacations? or nice tvs? cell phones? other fun electronics? clothes? pets? jewelry for the lady? gym memberships? i can list 1000 things. many wont apply to everyone. but everyone will have stuff they want to buy.

and remember you only have $5600 per month to spend. and i still havent mentioned inflation. how much do you think this stuff will cost in 10 years? 20 years? 30 years?

now if you want to live in a one bed room apartment in the middle of nowhere, take no vacations, and buy nothing, then sure your 2 million should last awhile. i do not envy that kind of lifestyle.

you sound like a 16-22 year old who isnt married and hasnt hit the real world yet. this is not an insult. i just dont think you thought this through enough.

[NugzFan]

1 million is doable if you don't have kids. You just have to be able to live on less than your investment returns, which should get you ~ 70,000 a year unless you're starting at exactly the wrong time like 2008. If you start out living in the South or Midwest and don't have kids for a while that 1,000,000 can grow fairly quickly, for example if you spend 3% of what you own every year (which is well above 2x minimum wage at the start), that 1 mill would be double in about 17 years.

yes but dont forget, in 17 years, the purchasing power of 2 million dollars will be much lower.

but yes if you live like that (no kids, LCOL area) itll last awhile.

[bigkingsfan]

im not assuming anything. you are making up stupid rules when the question was very simple. "how much do you need to not work again?"

not "how much do you need to not work again assuming you get a paid for house and your wife keeps working?"

anyways, so now your 2 million is down to 1.7 million. (you bought a 300k house)

lets say you get your 5% return. thats $85,000.

taxes on that kind of money are about $17,500.
http://www.bankrate.com/financing/taxes/irs-issues-2014-tax-brackets/

now you are down to $67,500 per year. which is ~$5625 per month. yes, you have no mortgage because you paid your 300k house off in cash. very nice.

but you do have home insurance. and HOA dues. and property taxes. those dont go away ever. plus utilities (gas, electric, garbage, water, etc which i assume you will want?). oh and houses cost money to maintain. quite a bit actually. stuff needs to be repaired and replaced all the time. stuff needs to be bought for the house (furniture, accessories, kitchen appliances, etc).

then you have stuff like gas for your car, food, health insurance (since you dont work), car insurance, cell phones, internet, cable, etc.

oh and your cars have registration dues and repairs. and you'll need to buy cars every 10 years (ok ill let you go 15). those cost money in case you didnt know. a lot of money.

and thats just the basic stuff. what about vacations? or nice tvs? cell phones? other fun electronics? clothes? pets? jewelry for the lady? gym memberships? i can list 1000 things. many wont apply to everyone. but everyone will have stuff they want to buy.

and remember you only have $5600 per month to spend. and i still havent mentioned inflation. how much do you think this stuff will cost in 10 years? 20 years? 30 years?

now if you want to live in a one bed room apartment in the middle of nowhere, take no vacations, and buy nothing, then sure your 2 million should last awhile. i do not envy that kind of lifestyle.

you sound like a 16-22 year old who isnt married and hasnt hit the real world yet. this is not an insult. i just dont think you thought this through enough.

It's a hypothetical question, there's no one way to answer it, because there are no restrictions. And here you go again assuming people spend all their cash on a yearly basis, there's a thing call saving. You sound like an idiot that blows all his money. :rolleyes:

[pauk]

You dont need money to not work... :)

[NugzFan]

It's a hypothetical question, there's no one way to answer it, because there are no restrictions. And here you go again assuming people spend all their cash on a yearly basis, there's a thing call saving. You sound like an idiot that blows all his money. :rolleyes:

lol - just keep dodging the true question and making up whatever rules you want so you can live in your fantasy world (where a whole TWO MILLION DOLLARS lets you live like a king and you have pools filled with gold coins to swim in like scrooge mcduck). cant wait until the real world smack you so hard you wont see straight. you clearly have not made it there yet. not your fault...probably arent old enough yet. i honestly dont blame you for that.

however, nothing I mentioned was anything unusual. taxes and inflation are real and going nowhere. houses and cars have lots of expenses. utilities, food and insurances are normal and clearly required. these arent excessive - this is the minimum.

yes, you can avoid anything that may be considered a luxury so that your 2 million lasts you the rest of your life, but enjoy living in a shitty town, having no kids, and not being able to do anything, go anywhere or buy anything. :oldlol:

and it looks like the one thing i actually did assume, turned out to be true. :rockon:

[bigkingsfan]

lol - just keep dodging the true question and making up whatever rules you want so you can live in your fantasy world (where a whole TWO MILLION DOLLARS lets you live like a king and you have pools filled with gold coins to swim in like scrooge mcduck). cant wait until the real world smack you so hard you wont see straight. you clearly have not made it there yet. not your fault...probably arent old enough yet. i honestly dont blame you for that.

however, nothing I mentioned was anything unusual. taxes and inflation are real and going nowhere. houses and cars have lots of expenses. utilities, food and insurances are normal and clearly required. these arent excessive - this is the minimum.

yes, you can avoid anything that may be considered a luxury so that your 2 million lasts you the rest of your life, but enjoy living in a shitty town, having no kids, and not being able to do anything, go anywhere or buy anything. :oldlol:

and it looks like the one thing i actually did assume, turned out to be true. :rockon:

Some people are just better at money management than others. :pimp: I can easily save 50k a year with my spouse, in case we need it later. :rockon:

[NugzFan]

Some people are just better at money management than others. :pimp: I can easily save 50k a year with my spouse, in case we need it later. :rockon:

save or spend?

I thought we were talking about how much you needed to not work again (ie, how much money you need for expenses each year?)

I dont get why this is such a hard question for you. everyone else seems to understand it. and there is no way you are married.

[bigkingsfan]

save or spend?

I thought we were talking about how much you needed to not work again (ie, how much money you need for expenses each year?)

I dont get why this is such a hard question for you. everyone else seems to understand it. and there is no way you are married.

LOL @ digging deeply on a question based on your own interpretation. Obviously if you don't spend all your expenses, you get to save it. It isn't hard to understand how two income can save over 50k a year early on before inflation hits. I have an online resale business, and this is my business account. I'll be alright in the long run. :pimp:

http://i61.tinypic.com/r2uus5.jpg

[Cactus-Sack]

$3-5mil, depending on ROI.

[BlazerRed]

LOL @ digging deeply on a question based on your own interpretation. Obviously if you don't spend all your expenses, you get to save it. It isn't hard to understand how two income can save over 50k a year early on before inflation hits. I have an online resale business, and this is my business account. I'll be alright in the long run. :pimp:

http://i61.tinypic.com/r2uus5.jpg
Can I have 10k? I'll pay you back, promise..

[NugzFan]

LOL @ digging deeply on a question based on your own interpretation. Obviously if you don't spend all your expenses, you get to save it. It isn't hard to understand how two income can save over 50k a year early on before inflation hits. I have an online resale business, and this is my business account. I'll be alright in the long run. :pimp:



your reading comprehension is awful. once again, the question is how much money would you need to not work again? look at the title of the thread. its a basic, simple question a 10 year old could answer. i havent interpreted anything wrong. you keep making up rules and rewording it to justify your stupid answer. (bringing up salaries, savings rates, etc...none of this is relevant)

now you originally said 2 million, which would bring in maybe 60-70k per year after taxes. enjoy that lifestyle. :oldlol: (and i know you cant save 50k of that)

oh and very impressive savings! however, id shoot myself if i had that little money.

[NugzFan]

actually ill give you one more shot.

forget everything else that has happened. forget all your excuses and awful attempts to change the question. answer the original question with no changed rules, no exceptions, no extra income, no conditions, etc...

how much money would you (and your family) need today so that none of you ever have to work again for the rest of your lives? nothing else is covered. just a flat lump sum given to you today.

i hope that is clear enough. :oldlol:

[nightprowler10]

you dont need money to never work again. take a look at my cousin, hes broke, dont do shit.
:oldlol: Nice reference.

[Marlo_Stanfield]

1,5-2 million and not being dumb as shit
in a country were education and health care are basically free 1 million is enough

[InfiniteBaskets]

LOL @ digging deeply on a question based on your own interpretation. Obviously if you don't spend all your expenses, you get to save it. It isn't hard to understand how two income can save over 50k a year early on before inflation hits. I have an online resale business, and this is my business account. I'll be alright in the long run. :pimp:

http://i61.tinypic.com/r2uus5.jpg

Unless you're about to buy a house within the next two years, there's no reason to hold that much money in a checkings/savings account. You're getting your ass kicked by inflation.

[bigkingsfan]

Unless you're about to buy a house within the next two years, there's no reason to hold that much money in a checkings/savings account. You're getting your ass kicked by inflation.

House is already paid off. Bought it fours years ago at $230k, it's now worth over 300k. For business reasons, I need the available balance to make big purchases.



oh and very impressive savings! however, id shoot myself if i had that little money.
Look at that salty *****. :roll: House paid off, got plenty in savings, and I just hit 30. I ain't got no worries.

[NugzFan]

House is already paid off. Bought it fours years ago at $230k, it's now worth over 300k. For business reasons, I need the available balance to make big purchases.


Look at that salty *****. :roll: House paid off, got plenty in savings, and I just hit 30. I ain't got no worries.

oh trust me. im not salty. especially not when it comes to this discussion and your awful knowledge of the economy and finances. :oldlol: you are just embarrassing yourself.

and i think once again you misread my post...i said i would shoot myself i had as little as you do. you really gotta work on reading comprehension.

i like how you still wont answer the actual question. why am i not surprised? :roll:

[bigkingsfan]

oh trust me. im not salty. especially not when it comes to this discussion and your awful knowledge of the economy and finances. :oldlol: you are just embarrassing yourself.

and i think once again you misread my post...i said i would shoot myself i had as little as you do. you really gotta work on reading comprehension.

i like how you still wont answer the actual question. why am i not surprised? :roll:
Panties still in a bunch, loving it. :applause:



you sound like a 16-22 year old who isnt married and hasnt hit the real world yet. this is not an insult. i just dont think you thought this through enough.
This is goldmine. :roll:

[NugzFan]

Panties still in a bunch, loving it. :applause:

glad to see you have given up on the actual debate and are reverting to childish trolling - i guess the topic at hand was too difficult for you so you decided to change the subject to something you are more comfortable with. good to know. next time stick to the kiddy topics.

everyone else was able to answer it but you. :oldlol:



This is goldmine. :roll:

ill admit - i was wrong on that. but damn, you are 30?! :wtf: holy shit. says far more about you than it does about me. during this conversation i kept thinking to myself "well, he is still in high school, thats why he doesnt know these things (finances, budgets, inflation, interest rates, etc) yet" :lol

[bigkingsfan]

ill admit - i was wrong on that.

</thread>

[ALBballer]

LOL @ digging deeply on a question based on your own interpretation. Obviously if you don't spend all your expenses, you get to save it. It isn't hard to understand how two income can save over 50k a year early on before inflation hits. I have an online resale business, and this is my business account. I'll be alright in the long run. :pimp:

http://i61.tinypic.com/r2uus5.jpg

Props man on making that type of money. I don't think Nugz fan understands simple finance. If Nugz fan would have invested in the S&P alone in the past 5 years he could of doubled his money. Decent mutual funds even earn 5-10% historically a year. Investing it in municipal bonds would earn much lower % but would be tax free. There are multiple of options out there. Even buying real estate and renting it out.