I'd never ever work again. Ever. That does not mean do nothing, but there is charity work I could do, I have hobbies, and I would not owe one cent on anything. Ever.
Man, I'd go bananas if I didn't have a job. I don't necessarily love working, but I need something to do every day to function in life, haha. I'm a total loaf without responsibilities :awe:
Title is simple: If you got real rich real quick, what would you do?
First thing I would do is to donate to charity. Not because I want to help anyone, I would want to pay the min taxes possible each year.
Second, play the stock market. I need to invest in something to make sure I have a small-medium river of profit still coming in for that just in case (aka, couch money)
Third, start spending.
lol, "normal" for you is $300k+/yr? That's less than 4%, which is low enough to account for inflation/etc as well.
I'll happily retire 20 years before you and have 2-3x as much time in retirement instead of slaving away until I'm old.
How is that 300k a year? I'm 35-40 years away from retirement and then I'll have to downgrade my lifestyle, so I figure 55 years of life left and the money I have will only keep up with inflation, that's only $145k a year, assuming I get the high end of my range at 8 mill, which is nothing if you want to live in Manhattan and raise a small family.
Why do you people hate working so much?
It seems the people that live the longest are the people that stay active by working.
If the money you have is only keeping up with inflation, you're doing it wrong.![]()
I would counter and say those who live the longest, or at least live the most, are the ones who do what they love.
For me, that's not working.
Why cheap out on the CPU? Vista? Is this some sort of inside joke?I would build this system over and over again, and give it away as an epic gaming PC in a contest at every tech forum I could find:
PCPartPicker part list / Price breakdown by merchant
CPU: AMD FX-9590 4.7GHz 8-Core OEM/Tray Processor ($214.99 @ NCIX US)
CPU Cooler: Masscool 5T568S1H3 33.8 CFM Sleeve Bearing CPU Cooler ($4.98 @ OutletPC)
Motherboard: Asus Crosshair V Formula-Z ATX AM3+ Motherboard ($218.99 @ SuperBiiz)
Memory: G.Skill Trident X Series 16GB (4 x 4GB) DDR3-3100 Memory ($1355.38 @ Newegg)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ R4 1.2TB PCI-E Solid State Drive ($7399.99 @ Directron)
Video Card: Zotac GeForce GTX 480 1.5GB Video Card (3-Way SLI) ($699.00 @ Amazon)
Video Card: Zotac GeForce GTX 480 1.5GB Video Card (3-Way SLI) ($699.00 @ Amazon)
Video Card: Zotac GeForce GTX 480 1.5GB Video Card (3-Way SLI) ($699.00 @ Amazon)
Case: Nanoxia NXDS5B ATX Full Tower Case ($134.99 @ Micro Center)
Power Supply: Raidmax 1200W 80+ Bronze Certified Semi-Modular ATX Power Supply ($109.99 @ Newegg)
Optical Drive: Lite-On iHAS224-06 DVD/CD Writer ($129.99 @ Amazon)
Other: Windows Vista ($169.95)
Total: $29720.45
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-01-18 20:39 EST-0500
I would build this system over and over again, and give it away as an epic gaming PC in a contest at every tech forum I could find:
PCPartPicker part list / Price breakdown by merchant
CPU: AMD FX-9590 4.7GHz 8-Core OEM/Tray Processor ($214.99 @ NCIX US)
CPU Cooler: Masscool 5T568S1H3 33.8 CFM Sleeve Bearing CPU Cooler ($4.98 @ OutletPC)
Motherboard: Asus Crosshair V Formula-Z ATX AM3+ Motherboard ($218.99 @ SuperBiiz)
Memory: G.Skill Trident X Series 16GB (4 x 4GB) DDR3-3100 Memory ($1355.38 @ Newegg)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ Vertex 2 EX 200GB 2.5" Solid State Drive ($3576.84 @ Amazon)
Storage: OCZ R4 1.2TB PCI-E Solid State Drive ($7399.99 @ Directron)
Video Card: Zotac GeForce GTX 480 1.5GB Video Card (3-Way SLI) ($699.00 @ Amazon)
Video Card: Zotac GeForce GTX 480 1.5GB Video Card (3-Way SLI) ($699.00 @ Amazon)
Video Card: Zotac GeForce GTX 480 1.5GB Video Card (3-Way SLI) ($699.00 @ Amazon)
Case: Nanoxia NXDS5B ATX Full Tower Case ($134.99 @ Micro Center)
Power Supply: Raidmax 1200W 80+ Bronze Certified Semi-Modular ATX Power Supply ($109.99 @ Newegg)
Optical Drive: Lite-On iHAS224-06 DVD/CD Writer ($129.99 @ Amazon)
Other: Windows Vista ($169.95)
Total: $29720.45
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2015-01-18 20:39 EST-0500
I would build this system over and over again, and give it away as an epic gaming PC in a contest at every tech forum I could find
Eh, I'd rather not take risks with that amount of money. I could:
A) generate a small consistent return but risk losing a chunk of it if we hit a down year
or
B) keep it in TIPS or something like TIPS and have a guaranteed level of decent lifestyle for the rest of my life.
I think that's where the newly rich go wrong. They risk it to get to the next level while the ultra rich have 10s of millions sitting in things like Treasuries and Real Estate not generating any real income because it's "Stay Rich Money" for in case the market craps out and they lose all of their risky investments.
How is that 300k a year? I'm 35-40 years away from retirement and then I'll have to downgrade my lifestyle, so I figure 55 years of life left and the money I have will only keep up with inflation, that's only $145k a year, assuming I get the high end of my range at 8 mill, which is nothing if you want to live in Manhattan and raise a small family.
help fund a guaranteed universal basic income