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Old 01-23-2009, 07:06 PM
 
Location: So Cal
52,282 posts, read 52,700,922 times
Reputation: 52787

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Quote:
Originally Posted by cpg35223 View Post
Hey, five million at 5% return is $250,000. That would be pretty great.
That's exactly what I'm talking about. I've run the numbers from 3% to 8% and worked out the math.
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Old 01-23-2009, 07:08 PM
 
Location: So Cal
52,282 posts, read 52,700,922 times
Reputation: 52787
Quote:
Originally Posted by Twinkle Toes View Post
It wouldn't change anything all that much. We are not poor and we don't have people coming out of the woodwork asking us for money now. That would not change because we don't advertise what we have now, and we wouldn't advertise if we won the lottery. We aren't people who get swindled because we're already pretty hip to every scam available to mankind (we work in criminal law). What would change though is Mistress Twinkle would be cruising around in a 1970 Hemi powered Plymouth Superbird or a 1969 Daytona Charger as a daily driver.

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F ing sweet does Mr Hotpants know you're into theses kinds of machines??
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Old 01-23-2009, 07:10 PM
 
Location: Coachella Valley, California
15,639 posts, read 41,041,502 times
Reputation: 13472
Quote:
Originally Posted by Chowhound View Post
F ing sweet does Mr Hotpants know you're into theses kinds of machines??
No - he really doesn't know anything about me. We worked together and I tried to avoid being near him at all costs because I get all red like I'm having hotflashes or something when I am near him. But if I were single I'd love to swing by the old work digs and pick his hot ass up in my 'bird!
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Old 01-23-2009, 07:10 PM
 
Location: southern california
61,288 posts, read 87,431,754 times
Reputation: 55562
more coveting more envy more distance.
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Old 01-23-2009, 07:14 PM
 
Location: Tucson
42,831 posts, read 88,170,643 times
Reputation: 22814
I'd imagine a lot of couples would be headed to divorce court. I'd be headed to the border, as you know. Even 1 mil is enough for me - I'm modest.
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Old 01-23-2009, 07:19 PM
 
24,832 posts, read 37,348,515 times
Reputation: 11538
Quote:
Originally Posted by cpg35223 View Post
Hey, five million at 5% return is $250,000. That would be pretty great.
Where are you going to get 5%???
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Old 01-23-2009, 07:21 PM
 
24,832 posts, read 37,348,515 times
Reputation: 11538
Quote:
Originally Posted by Chowhound View Post
That's exactly what I'm talking about. I've run the numbers from 3% to 8% and worked out the math.
There is no place to get that kind of return today.
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Old 01-23-2009, 07:24 PM
 
3,488 posts, read 8,222,089 times
Reputation: 3972
Ok, well it would change a lot for us!! we would give each parent $250,000 each. Then we would put the remainder in the highest interest bearing account we could find and would go trevelling for about a year.

Upon return we would spend about 1 million on a home. Go back to work and play it risky - say all the things we want to say, ask for more promotions, etc. Live life without fear.

Otherwise life would continue as now except we would take longer, more expensive vacations and I might get a horse.

With $150,000 compounding interest income per year on top of work salaries we should be very comfortable for the next 5 - 10 years, after which we would retire early.

It sounds wonderful.
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Old 01-23-2009, 07:28 PM
 
Location: Tucson
42,831 posts, read 88,170,643 times
Reputation: 22814
Quote:
Originally Posted by Driller1 View Post
Where are you going to get 5%???
I'd like to know that, too! I pulled my 401K out of the market on time and it's in the money market now, but this month I thought the dividend hadn't posted and when I checked more carefully it had - I just didn't notice!
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Old 01-23-2009, 07:28 PM
 
24,832 posts, read 37,348,515 times
Reputation: 11538
Quote:
Originally Posted by Hobokenkitchen View Post
Ok, well it would change a lot for us!! we would give each parent $250,000 each. Then we would put the remainder in the highest interest bearing account we could find and would go trevelling for about a year.

Upon return we would spend about 1 million on a home. Go back to work and play it risky - say all the things we want to say, ask for more promotions, etc. Live life without fear.

Otherwise life would continue as now except we would take longer, more expensive vacations and I might get a horse.

With $150,000 compounding interest income per year on top of work salaries we should be very comfortable for the next 5 - 10 years, after which we would retire early.

It sounds wonderful.
I pulled my money out of banks, there is nowhere that pays interest.
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