mulalala 50 years tehe
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mulalala 50 years tehe
I'd gamble it all at once, DOUBLE THAT SHIT OR NOTHIN'
If you invest the $1 million dollars in such a way that you average 6% annual returns, you would earn $60,000 per year on your million.
If you're smart, you would live frugally for the first 10 years, say, living off $30,000 per year ($2,500 per month), and compounding the rest to increase your nest egg.
If you did this, your million dollars (and your annual income) would increase every year and help you keep up with inflation. Also, some years you might be able to do better than 6% on your nest egg, so it could get even better.
FROM YAHOO ANSWERS, SO OBVIOUSLY LEGIT
okay. a teacher is paid 40k or so a year. they live perfectly comfortable with that. thats with car payments, house payments, loans , credit card payments. If you have 1mil. You will have no car payments, house payments, loans, and credit card payments.
sooooooooooooo that means you have 40k extra cash lying around.
no car
get on the dole #win
10 years or so, 50k car, 10k food 500k house bed,sofa, phone etc 4 grand.
Until I die.
I never spend money.
I only buy essentials.
Buy a few TV's, a new computer and some furniture.
If I have enough I'll buy a McLaren or Koenigsegg.
I'd live forever.