A Million Dollars ain't what I thought it was...
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Maalik
Members Posts: 3,629 ✭✭✭✭✭
Before I start......I dont have 10 grand.....so I really can't talk. But I also in college so....watever
But, growing up, I used to think being a Millionaire was some exclusive feat. It is...but, I thought it was a shitload of money that only a few people could attain. Now I think about it....if you REALLY handled your career right, you should have that much by retirement. ? blows my mind now. If two Corporate Lawyers, C-Level execs, Doctors, Dentists, High-level Engineers, Consultants, Investment Bankers, Psychiatrists got married, assuming they lived relatively frugal, put their money in high interest accounts & diversified portfolios, they could hit a million in 7-10 years.
That old ass ? 6 cubicles over could have $600,000 & you'd never know
But, growing up, I used to think being a Millionaire was some exclusive feat. It is...but, I thought it was a shitload of money that only a few people could attain. Now I think about it....if you REALLY handled your career right, you should have that much by retirement. ? blows my mind now. If two Corporate Lawyers, C-Level execs, Doctors, Dentists, High-level Engineers, Consultants, Investment Bankers, Psychiatrists got married, assuming they lived relatively frugal, put their money in high interest accounts & diversified portfolios, they could hit a million in 7-10 years.
That old ass ? 6 cubicles over could have $600,000 & you'd never know
Comments
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show us the math, son.
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American.Loo wrote: »show us the math, son.
U.S. Average Salaries for Corporate Lawyers by Year Trajectory
First 160,000
Second 170,000
Third 185,000
Fourth 210,000
Fifth 230,000
Sixth 250,000
Seventh 270,000
Eighth 280,000
Assuming two lawyers got married, after six years, they'd be sitting on 2.4 Million combined. Uncle Sam needs his. If they stayed up to date, they would have 1.35 Million combined by the six year mark. If the couple lived off of 50k to 60k a year for 6 years (300k), instead of balling out of control, they'd be sitting on a Million without even accounting for the annual return on interest or any gain in dividends. -
what you have in life is not good enough, citizen
consume more
consume more
obey
obey -
my dude came here with the works and all i aint never thought of it like that tho good looks
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Pretty much. Living prudently is the key part, it's easy to go broke still on a million dollars (or pounds).
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I agree with what you're saying...issue is even with those type power couples they'll often want to, or feel pressured by their peer groups, to live a high expenditure lifestyle.
You know how Americans like to consume lol. -
that might as well be at the end of every commercialKTULU IS BACK wrote: »what you have in life is not good enough, citizen
consume more
consume more
obey
obey -
agreed. the problem with getting money is that when most come into a large amount, they still live outside of there means. just because you have a million doesnt mean you have to/ can live the millionare lifestylePretty much. Living prudently is the key part, it's easy to go broke still on a million dollars (or pounds). -
Based off what you said, a million dollars can be a big feat. I think living off 50-60k or less ain't bad at all.
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I wouldn't mind $1 million right now.....
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Based off what you said, a million dollars can be a big feat. I think living off 50-60k or less ain't bad at all.
50-60 k can be a little tight for two people tho, for a single person is def doable.
but my homie a retail dude at at&T and after he get his sales
bonus's and after tax's he got like 30k net
and his girl make about the same. they dont have really nice cars
they live in a small house,they really cant vacation more then once
they gotta eat at chain restaraunts when they do goo out like twice a month.
if they ever had a kid it would be ruff,they pretty much just surviving better
than most ppl. but they live in Chicago th -
KTULU IS BACK wrote: »what you have in life is not good enough, citizen
consume more
consume more
obey
obey
this is where they get us everytime .... -
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money can be spent sooooo fast its ridiculous..
a million aint ? .. but to those who dont have it its everything..
but if ur ever so lucky to get to that status ull see that it aint..
kind of like when u were a kid.. a dollar was BALLIN!! then 5... then 20.. then 100.. then 1000.. and so on
and lol@ finally savin up to a mil and bein 65.. 70+ where's the fun in that!?
jus my opinion but id rather spend a million in a lifetime and die at 65.. 70+ then save it by that age and be dead before my next birthday. hahaha -
lol real ? tho being 65 with a million is cool but i rather ball out now
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retirement is like second child hood tho
no job and ?
u guys are talking like it's easy to make a mill in todays world.
It aint easy..but, its alot more attainable than I thought it was. One of my good friends graduating this year, got a 100k Job offer from Citigroup. Only 22. Assuming he stay on his ? ....and eventually go back for his MBA....he got a good shot. -
numbaz...80's baby wrote: »u spend a dollar you aint a millionaire anymore.
ive always said this ? ? u throw away a penny u a one -
money can be spent sooooo fast its ridiculous..
a million aint ? .. but to those who dont have it its everything..
but if ur ever so lucky to get to that status ull see that it aint..
kind of like when u were a kid.. a dollar was BALLIN!! then 5... then 20.. then 100.. then 1000.. and so on
and lol@ finally savin up to a mil and bein 65.. 70+ where's the fun in that!?
jus my opinion but id rather spend a million in a lifetime and die at 65.. 70+ then save it by that age and be dead before my next birthday. hahaha
Yea....thats true. Especially the dollar part. When I was younger, two dollars got me two bags of chips, a Quarter Juice, Starburst, a Honeybun & 2 Oatmeal Cookies. Thought I was BALLIN!!!!! Don't let me have gotten 10 dollars. Now I can burn through $1000 in a weekend.
? being 65 with $4 Million. Its better to be in your 20s/30s & balling out. But, thats the issue with success at the end of it. You work your whole life to build a foundation & in the end, you still gonna die & cant take ? with you. I be mad as ? , if I got uber rich because I knew one day I'd be dead. A ? wanna be 25 forever with $300 Million in the bank. They already found data that could prolong the human life cycle to 150 years & by the time that ? get approved, it won't matter for us ? typing. -
We live in a society thats always telling us to buy more, spend more get more thats why most people even rich people are in debt because people feed into that bs
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We live in a society where people don't know the difference between a need and a want so that million dollars would be gone pretty soon since majority of people are influenced by the media. Most of y'all just products alll you know is consumption through the mass media and consumer culture. Think about like this individuals define themselves by the clothes they wear,the cars they drive, the brand of alcohol they drink and the food products they consume. That million dollar would be gone since everyone today wants an "identity" or to live a certain lifestyle. Take a look at how many times people in this thread have used the words "balling out".
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lol I know rightKTULU IS BACK wrote: »what you have in life is not good enough, citizen
consume more
consume more
obey
obey
But a million dollars is a lot but not really. Cuz soon as you spend a dollar. You're not a millionaire anymore. -
lol I know right
But a million dollars is a lot but not really. Cuz soon as you spend a dollar. You're not a millionaire anymore.
Live off the interest. Depending on the rate, it'd be anywhere from 40k-80k annually. -
yep living on the interest is my retirement plan
in about 5 more years I should be close to that mark -
Put that million in my 401k and act as though i never had it.I won't be working forever, i wanna enjoy life now and when i get older.
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