 Does anyone know if a penny from 1941 is worth any money today? |
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 How to earn money online without investing any amount..? |
| it would be better if u get me a typing job or reading emails or clicking on ... |
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 Ways to earn money on the internet other than ebay? |
| I would prefer if the money earned is sent through paypal.... |
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| Bad Check..? |
| This lady wrote me a check for household goods that she bought from me. The check was for 92.12... Well I cashed it and it came back no good. I have called her for the last two days and she won'... |
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 How come the rich get richer and the poor get poorer? |
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 Extra $, What should i do with it? |
| I just finished paying off my CC and i have a little extra $ each month. Should i drop it in my savings (could use some), or put it towards my student loan ($5K @ 4%) or my car loan (7K @ 6 %). I ... |
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 Puting $20 in a savings account a good idea? |
Hi,
I'm 16 years old and I opened up my joint checking account and savings account with TCF bank today. I am a HUGE fan of saving money for college.
Today I had split my $3... |
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 My fiance is in major debt..? |
| He had his own business for 2 years and really didn't run his finances well. Now he has 4-5 creditors calling all of the time, owes $1000 to a supplier, $4000 to an old customer, $500 to ... |
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 I need 130,000 people to donate $1.00 so i don't loose every thing i own.Is there anyone willing to help? |
| I've got my self in a deep deep hole and can't get out.I really would appreciate any help posible.fixxing to loose house,truck,wifes car,and possibly wife and kids if things don't get ... |
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 This may be a little "stupid" to ask, but really? |
| what is the difference between using "debit" or "credit" on your atm card?... |
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 What's the least money you would need to live on in a year? |
Assuming you live independently - and including ALL living expenses.
Details are welcome.
Additional Details
I mean for one person.... |
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djstickylee | Is 10 million dollars enough for my wife and I to quit our jobs? |
and live for the rest of our lives without working??? |
 |
 
A.Mercer
|
If you had 10 million then you can find a respectable investment that is fairly safe and make a nice bit of money.
Lets say 5%. That will be $500,000 a year just from the interest that the 10 million is making. You can definately live off of that. Heck, you should be able to live off $100,000 and re-invest the other $400,000 and never have to worry.
This is assuming that you can actually live off of the interest and not get stupid and spend thru the $10 million.
Also, a person gave a math scenario that is wrong. 5% compounded monthly on $5,000,000 is not going to give $250,000. The 5% is the yearly amount. It is just broken down and computed more than once in a year. Monthly is 12 times in a year and weekly is 52 times in a year. The monthly gain would actually be a bit more than $20,000 for a 5% compounded monthly. The method given earlier would result in a growth of 1264% a year. A few years of that and you would have all of the money in the world and money would be worthless because of it. |
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jacquie
 |
No, and don't think for one minute that you'll ever have enough money because there is no such thing!! |
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Judy1
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Certainly should be. If you can't live on the income from that, you are just plain living too high.
Now your only problem is where to find that initial $10 mil. |
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dtwladyhawk
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If gas prices keep going up and staying up I wouldn't. Just kidding, get a financial planner, you can live well on 10 M |
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Jorrath Zek
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Yes...
Now go to your local Edward Jones Office (Or any other Broker) and tell them you want to open up a Money Market Account. Then hand them your $10m and tell them what you want to do and how you want to live... |
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hunnygril
 |
I think so...
I would take about half and buy a house, cars and do other fun stuff, then I would take the rest of the money and shop around different banks and find one with the best interest rate, at the best compounding schedule, i.e. 5% compounded weekly.
Pay for everything upfront, so you don't owe anybody anything...
5,000,000 at 5% interest compounded weekly would be 250,000 every week...
If compounded monthly, then 250,000 a month or about 62,500 a week...
I could live off of that... |
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sue dean
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if you are smart you could live on the interest! |
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Dave
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Probably but it would depend on what you and your wife want to do afterwards. The amount you need to retire differs with each person or couple. If you have/want an extravagant lifestyle, then 10 million might not be enough. Some folks are able to survive on a lot less (these days, 1 million is considered a lot less) if they have a simpler lifestyle. So besides trying to determine how much you need to retire, you should also think about what you want to do along the way, and then, when you reach critical mass, determine what you want to do with the rest of your lives. Retirement without purpose and a plan can contain much less enjoyment than you think. Life is a journey. |
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Motikem
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Yes, it is. Get a financial advisor, tell them to make money and pay you a salary and you can still afford to spend half a million. |
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Matt M
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It all depends on how you spend it, how old you are now, how you invest it. etc. It may be able to sustain you for your life if you continue to live at a middle class type of lifestyle. However this is very very difficult for many people to accomplish. Also, about 30% of personal bankruptcies are due to medical costs which you can't really predict or anticipate. |
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Olivier W
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Depends on your spending habits.
Try to invest it risk-free (ie. FDIC insured), live off the interest and you can live forever with that.
If you can live on $500,000/year, then you should be good. |
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claremont2008
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no, people who attain money like that usually blow it really quickly, if it were up to me I would open my own business. |
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Mcl
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Yes as long as you don't go crazy. If the money was put into a general savings account you are looking at an annual return of nearly 250,000 with which almost anyone would live comfortably for the rest of their lives. |
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