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Post Reply How much money is "enough money" for you?
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20 / F / You don't need to...
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Posted 3/4/15

nanikore2 wrote:


MoxiRoxi wrote:

One million a year at least. There's a lot of nice things I want to buy... But I guess to live maybe $500K a year. I don't know how money works exactly.


Money is like a dirty snowball. Sometimes it takes money to make money, sometimes it takes more money to just live with what you got with more money.

If you buy a big house in an expensive area, you keep paying more and more and more property tax (cities and towns love rich people). Property tax gets so ridiculous in some areas you've got to save up to pay that (not including house payments, that's separate. Oh, and all that stupid insurance)


This is why I want to win the lottery... then I'll have a nice blanket and then use the extra to make it rain for other people who need it more than I do. I know there's taxes for that kind of stuff too, but you still can win a good amount.
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Posted 3/4/15

kardonius wrote:

Wouldn't really know exact amounts, but enough that I can live comfortably with no debts, and never have to worry about working for the rest of my life, while still being able to buy whatever luxury goods/services I want. So probably a hell of a lot of money.

But for starters, $1m per year would probably be enough for now.


No wonder the 1% is busy draining the rest of us, because apparently THEY don't have enough money either!
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26 / M / NYC
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Posted 3/4/15

MoxiRoxi wrote:


nanikore2 wrote:


MoxiRoxi wrote:

One million a year at least. There's a lot of nice things I want to buy... But I guess to live maybe $500K a year. I don't know how money works exactly.


Money is like a dirty snowball. Sometimes it takes money to make money, sometimes it takes more money to just live with what you got with more money.

If you buy a big house in an expensive area, you keep paying more and more and more property tax (cities and towns love rich people). Property tax gets so ridiculous in some areas you've got to save up to pay that (not including house payments, that's separate. Oh, and all that stupid insurance)


This is why I want to win the lottery... then I'll have a nice blanket and then use the extra to make it rain for other people who need it more than I do. I know there's taxes for that kind of stuff too, but you still can win a good amount.


that mentality is exactly how people declare bankruptcy within a year of winning the lottery. you get money and you want to be a good person, so you decide to help people out. but when you do that, people learn to rely on you and cant pay their most basic of bills. an EXTREMELY large majority of people who have come into money and used it all up (lottery, athletes, gamblers, etc) all say the same exact thing. this is why you have to make trust funds for people and give them parameters for what that money can be used for.
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Posted 3/4/15 , edited 3/4/15
a penny a day, doubling every day.

(1 cent the first day, 2 cents the second day, 4 cents the third day... etc.)

Don't worry. i'll stop collecting after a year.

XD
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Posted 3/4/15 , edited 3/4/15
I could put about 30 million to use, although not immediately. I would love to own my own farm, but land is expensive and tractors cost even more. If I could diversify, I would own irrigated land in the Yakima Valley and dryland ground in the Palouse farming/raising veggies, grains, and livestock. It would be nice if I was lucky enough to inherit a family farm. Instead, I hope to try and start from scratch and eventually own a profitable 1,000 acre irrigated farm, or a 4,000 to 10,000 acre dryland operation. That's a long ways off at this point. I am wrapping up my senior year, but I still need to pay off my student loans before I can dream.
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23 / M / AZ
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Posted 3/4/15
Enough money for travel.
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27 / M
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Posted 3/4/15 , edited 3/4/15
Nobody needs a mil a year unless they're buying luxury stuff they don't need.

6 digits would be enough for me. Heck, I'd be good with half of the minumum 6 digit amount (50k a year).

Even if I magically got a lump sum of one million right now, I'd still finish school. That money would go to tuition and basic expenses like rent. Then, I'd keep half of the remainder and give the other half to the family. I'd still complete school at the same pace and still look for a decent job afterward.

Not much will change except I'll be eating better quality food and expanding my tiny wardrobe.
Posted 3/4/15
Never enough.
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Posted 3/4/15
however much my parents made back then to raise me and my sister
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26 / M / Socal
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Posted 3/4/15 , edited 3/4/15
120k a year while single would be nice
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24 / M
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Posted 3/4/15
I find that the less I have (to an extent), the happier I am. I'm living very happily on less than 10,000$/year.
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24 / M / Ohio, USA
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Posted 3/4/15
$1m and then work a year so I can retire without having to worry about money ever again.
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31 / M / Minnesota, USA
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Posted 3/4/15
Enough to have my bills paid plus a little cushion just in case something breaks.
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35 / M
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Posted 3/4/15

adrianc0 wrote:

however much my parents made back then to raise me and my sister


inflation has made it probably minimum wage.

You know, sometimes I feel like things i post go beyond people's heads.... :(

https://answers.yahoo.com/question/index?qid=20070510180519AAJqwD4


In all honesty, i'd be fine with an additional $2000 a week. It's not a lot, though, yes, it adds up.

I could, theoretically, continue to work and live within my current means for another 5 years without relying on it very much, yet, that increase also would cover itself in the additional taxes i'd have to pay due to the increased prosperity, as well as covering myself under new health care regs, and in doing so, would have enough to start a business and/or a family then. It's also high enough that, in about 20 years, when i'm in my 60's i'll benefit from it now while it has more value, and, barring any EXTREME inflation, would mean that once inflation starts to chip away at it, i'd have a decent nest egg saved up from it, and, hopefully, done a few things to allow myself to make a living (off of being dependent upon that guaranteed $2K a week) that isn't overtly wealthy, but enough and gives me something enjoyable to do.

and that's about it.
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Posted 3/4/15 , edited 3/4/15

serifsansserif wrote:

a penny a day, doubling every day.

(1 cent the first day, 2 cents the second day, 4 cents the third day... etc.)

Don't worry. i'll stop collecting after a year.

XD


Well, about $1.5x10^8 * a googol(10^100) is probably enough, yeah.
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