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Post Reply what would you do
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22 / F / Brockton, MA
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Posted 7/30/17
I think I can totally live off of that 1.2 Million. I'd pay off a house for me and my bf and get a car. Then we can both respectfully still do our interest 'works'. A.k.a him trying to be an artist without worrying about if it'll pay for our expenses or not and me trying to write a book. So even if its not enough to quit 'working' maybe we'll make enough from the stuff we really want to do but fail to do in real life because unless you're really good its not a good paying job.
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21 / A garbage bin.
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Posted 7/30/17 , edited 7/30/17
Make myself into a mysterious noble on a windswept island, my name would only be whispered in the shadows, and I would bring down my enemies in brutal fashion. My family would hate me, I would neglect my children. We'd be separated. I wouldn't care for them, for I would see humans as pawns. Soon after this I would bring more and more parts of a nation under my control, eventually becoming its leader and establishing a Police State where the nobility rules. After years of this, I would slowly turn mad. My paranoia would lead to purges and killings, my children would turn against me, eventually fleeing to my enemies. As my people turn against me, my armies flee and my nobles defect, I would hug my last child, Charles. For he never left, he always supported me and protected me. Then he would stab me. I would look at him, confused, scared. He'd be weeping, for he did it for the sake of my nation. He would leave as my body bleeds out and the rebels and their allies break down the gates. I would stumble to my throne, and die.

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21 / M / US
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Posted 7/30/17
1.2 million isn't as much as it sounds like. Regardless

Save some, give some back to my parents, and put some off (gaining interest till used for that purpose, but not saved) to get decent house/apartment and good PC/Laptop once I graduate college

If I have anything left after that, I'd probably travel. I have next summer with nothing set to do yet before entering my final year of college. I could work during that time (and use the money to get wherever work is), but I'd also want a bit more of a last hurrah before being completely locked into working. IDK really, just an idea

Nudge, nudge, wink, wink if anyone has any interesting ideas for me next summer, I'm open to suggestions. Work, travel (preferably both), just so long as it's interesting.


Everything else is saved, charity, or put into a fund for future travels (again, not saved, but put aside for a specific later use)
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27 / M / East Coast
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Posted 7/30/17
I'd invest the money into something and go about my life like I never got it. If I kept it where I can spend it my bad habits would cause me to buy worthless items and eventually become broke again.
Posted 7/30/17

CasualObserver wrote:

Assuming we're talking about real money here, not Zimbabwean Dollars, 1.2 Million might not be enough for you lot to stop working, but it would for me.

Toss the lot in a savings account, have the interest paid monthly into my current account. Live a bit more comfortably than I currently do in financial security for the rest of my life.


This ultimately depends on how old you are. If you're under 60 years old, $1.2m USD isn't going to keep you floating until you're dead (unless you kill yourself off when your bank account hits $0.00). As for the interest, you'd get the most amount of interest from an annual compound interest account (meaning you won't be able to touch the $1,200,000 the entire year). At the standard interest rate of 1.30% APY (which is the best you're going to find in savings), you'll earn $15,600.00 per year. Now, unless you can live off of $15,600 a year - that isn't going to keep you afloat.

Compound interest rates assume that you're not going to touch the $1,200,000 at all and it remains in savings. Now if you only removed $2,000 on a bi-monthly basis, you'd be able to let it float for a few years before you start seeing a significant decrease. Also, take into consideration that in all likelihood that you'd have to pay taxes on that $1,200,000 ... so you're already down to $780,000 (or less, depending on the state and/or country you live in). That's why the majority of us are saying "It's not enough to live off of."

For those talking about buying a house and cars - that's already the brunt of what you have, as most reasonable homes are $150,000 to $500,000 depending on your area and how much space you're going to need - and cars are going to cost you around $22,000 to $75,000 depending on which models you're striving for.

For example: for an individual to retire at the age of 35 and to survive until they're 92 (taking in some liberties, such as new homes and the likes) - you'll need around $8,000,000 USD with a pension of 90% of your retirement salary ($250,000 per year). You'll be out of money around age 90-91 with these numbers. This includes what little social security you'd get (for retiring so young, which the pension is the required "rub" here) and taxes being classified under marriage.

To summarize: even with $1,200,000 - you're not going to be able to survive until you die off of that money, you don't give up working.
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22 / O / Brazil/Portugal
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Posted 7/30/17
1.2 is not enough by what everyone else already said, but even if I did get enough money to last me my life, I would still work. Life has a way of fucking you up when you least expect it, and also I do like to give gifts to friends and family, and while I won't go out of my way to help anyone, I do try my best to help those I find along my path.
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100 / O / bendover
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Posted 7/30/17 , edited 7/30/17



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22 / M / Toronto, Ontario
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Posted 7/30/17 , edited 7/30/17
I would continue to work, plus 1.2 million isn't much money nowadays. It would slip through your fingers fast, buy one brand new car and half your money is gone already, buy a brand new middle class house and your money is gone, live in a apartment, the longest you could probably live with it is like four, maybe five years. If I had it, I would probably invest it into something good or at least worth it, that way I would earn at least some back and help towards a good cause, my second choice would be to put it into my bank account and let the interest take over, over the years, I would have more afterwards. Over time, that money would be probably be worth even less though, so I probably would just save it for my daughters college or spend it on my college. I would honestly love to have her, have an amazing start on life though, I maybe thinking too early though xD Because she won't be that far until like 18-20 years from now.
Posted 7/30/17


Hey, I'm a mathematician. What do you expect?
The hypotheticals about quitting and giving up work are just idealistic. I explained why they're idealistic and how it wouldn't work out too well for them in the end.

My slinky was never straightened. Nor is my sex life that complicated (well, it has been before - I needed a few algorithms to work through the complex relationships). But I do suggest people think about how much money is required to survive for a long period of time.

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100 / O / bendover
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Posted 7/30/17

ninjitsuko wrote:



Hey, I'm a mathematician. What do you expect?
The hypotheticals about quitting and giving up work are just idealistic. I explained why they're idealistic and how it wouldn't work out too well for them in the end.

My slinky was never straightened. Nor is my sex life that complicated (well, it has been before - I needed a few algorithms to work through the complex relationships). But I do suggest people think about how much money is required to survive for a long period of time.



Ok son, just don't hurt your self.



Remember life is more grander when you don't over complicate it!
Posted 7/30/17

YouGottobeFockingKidding wrote:
Ok son, just don't hurt your self.


Remember life is more grander when you don't over complicate it!


I find life significantly boring without accepting and understanding the complexities of life. But to each their own, amigo.
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100 / O / bendover
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Posted 7/30/17

ninjitsuko wrote:


YouGottobeFockingKidding wrote:
Ok son, just don't hurt your self.


Remember life is more grander when you don't over complicate it!


I find life significantly boring without accepting and understanding the complexities of life. But to each their own, amigo.


Hear, Hear


To each their own.
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22 / M / Toronto, Ontario
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Posted 7/30/17
Why don't you two just get married? lmaojk
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105 / M
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Posted 7/30/17
invest and live off interest
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22 / F / Brockton, MA
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Posted 7/30/17

ninjitsuko wrote:


This ultimately depends on how old you are. If you're under 60 years old, $1.2m USD isn't going to keep you floating until you're dead (unless you kill yourself off when your bank account hits $0.00). As for the interest, you'd get the most amount of interest from an annual compound interest account (meaning you won't be able to touch the $1,200,000 the entire year). At the standard interest rate of 1.30% APY (which is the best you're going to find in savings), you'll earn $15,600.00 per year. Now, unless you can live off of $15,600 a year - that isn't going to keep you afloat.

Compound interest rates assume that you're not going to touch the $1,200,000 at all and it remains in savings. Now if you only removed $2,000 on a bi-monthly basis, you'd be able to let it float for a few years before you start seeing a significant decrease. Also, take into consideration that in all likelihood that you'd have to pay taxes on that $1,200,000 ... so you're already down to $780,000 (or less, depending on the state and/or country you live in). That's why the majority of us are saying "It's not enough to live off of."

For those talking about buying a house and cars - that's already the brunt of what you have, as most reasonable homes are $150,000 to $500,000 depending on your area and how much space you're going to need - and cars are going to cost you around $22,000 to $75,000 depending on which models you're striving for.

For example: for an individual to retire at the age of 35 and to survive until they're 92 (taking in some liberties, such as new homes and the likes) - you'll need around $8,000,000 USD with a pension of 90% of your retirement salary ($250,000 per year). You'll be out of money around age 90-91 with these numbers. This includes what little social security you'd get (for retiring so young, which the pension is the required "rub" here) and taxes being classified under marriage.

To summarize: even with $1,200,000 - you're not going to be able to survive until you die off of that money, you don't give up working.


Wha! When I said buy a car I meant a used one. I don't care how much money I have i don't think I'll ever spend that much on a car
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