... or buy three million snack-size bags of Famous Amos chocolate chip cookies. Make lots of friends!
- Jim Jeffry Houser wrote: > I saw statistics once, I think in an MSN article. The number of people >who spend more than they make in a year just blew me away. ( 70%? ). My >brothers appear to be really good at financial management, but my sister is >really bad. I am somewhere in the middle. ( I don't spend frivolously, >but when I do it's usually a big purchase ). > > I had the opportunity to sit down with a Venture Capitalist a while >back. What he told us is that the first 3 million is the hardest to >make. Once you have that, you can live off the interest for the rest of >your life. He was assuming 10% interest (in the stock market). So, >$300,000 a year. Yeah, I could live of that. > > On the other hand, if I had 3 million I might put it into a start-up >company and end up be broke again in 3 months. > >At 03:05 PM 1/28/2005, you wrote: > > >>Subject: I now live with a millionaire >>From: Charlie Griefer <[EMAIL PROTECTED]> >>Date: Fri, 28 Jan 2005 14:09:12 -0500 >>Thread: >>http://www.houseoffusion.com/cf_lists/index.cfm/method=messages&threadid=15811&forumid=5#145222 >> >>Ray - >> >>It all a matter of perspective. >> >>About 10 years ago, I was making $7.50 an hour, working two jobs, and >>donating various bodily fluids on a regular basis...and this was just >>to survive. I remember seeing a job for HTML developers paying (up >>to) $35k and thinking, "wow, if I could make $35k a year I'd be SET". >> >>10 years later I make more than $35k. Significantly more. For a few >>years, my wife worked as well and our combined income was well over >>$100k. We had no kids (our oldest is now 2 1/2). >> >>Well, now my wife no longer works (but I still make significantly more >>than $35k) and still struggle to make ends meet. >> >>For those without discipline (like me), and I'd actually argue that >>for -most-, our quality of living standards are raised proportionately >>to our income level. >> >>Hindsight being 20/20, I kick myself on a daily basis for not handling >>our finances better (specifically, saving more when the wife was >>working...well, saving when the wife was working). >> >>I can see where I'd be one of those dildos that win $5million and blow >>it. Hopefully with the experiences I've had, I wouldn't...and I'd >>learn from my mistakes...but I can certainly see how it happens. >> >> >> >>On Fri, 28 Jan 2005 12:58:54 -0600, Raymond Camden <[EMAIL PROTECTED]> wrote: >> >> >>>That's one thing I never figured out - how folks can go broke after >>>winning millions. If I understand right... and I may not... a normal >>>treasury bill pays what.... 5% or so? That would mean a "small" >>>lottery winning of 2 million dollars could generate 100k in interest. >>>Taxes would take a third I think, leaving you with like 66k per year. >>>That's a lot more than most folks make. If you don't quit your job, >>>and you earn 50k - your now earning a 6 figure salary. >>> >>>If you win 5 million - it would be 250k before taxes, which would be >>>over 100k a year. That is an insane amount of money to live with - >>>live NICELY with. Why would you even bother touching the principle? >>> >>> >>>On Fri, 28 Jan 2005 10:44:26 -0800, Ian Skinner >>><[EMAIL PROTECTED]> wrote: >>> >>> >>>>I suspect after taxes, and who knows what else he won't be a >>>> >>>> >>millionaire anymore. He'll probably only have eight or nine hundred >>thousand dollars left. But still should be plenty of money to change his >>life. >> >> >>>>Now the question is; will he be stupid or smart with the money. >>>> >>>>I find it very interesting how many people who suddenly come into a >>>> >>>> >>lot of money, via lotteries or what not, are broke again in just a few >>years. It is awfully easy to burn through a large amount of money and >>suddenly find oneself in a financial world of hurt. >> >> >>> >>> > > > >-- >Jeffry Houser, Web Developer, Writer, Songwriter, Recording Engineer >AIM: Reboog711 | Phone: 1-203-379-0773 >-- >My Books: <http://www.instantcoldfusion.com> >My Recording Studio: <http://www.fcfstudios.com> >My Energetic Acoustic Rock Band: <http://www.farcryfly.com> >-- >When did Reality Become TV > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Protect Your PC from viruses, hackers, spam and more. Buy PC-cillin with Easy Installation & Support http://www.houseoffusion.com/banners/view.cfm?bannerid=61 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:145302 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
