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Would You Live as a Homeless Person, for 5 years, for $5 million at the end
03-08-2017, 08:40 PM
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#61
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Originally Posted By Vhagar⏩
Says the no avi that drives a pick up andCool story bro. Maybe you should take some of the money your parents give you and turn it into a quick billion before your 40
fkn potato
fkn potato
worships Tom Brady...
...seems legit
BRB keep over using Misc keywords, makes your e-stats bigger
03-08-2017, 08:51 PM
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#62
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Originally Posted By AndYUKnowThis⏩
4.75 million at 5% is about 230k a year in income without touching the principal.I'm gonna be honest, I don't know anything about investing or saving, but you're a dumb ass if you can't retire off $5 million.
A 3 bedroom house in Texas runs about what, $200k? A relatively inexpensive reliable car runs about what, $10k? Hell, let's throw in $40k debt for the fun of it.
You have $4,750,000 left over. Both house and car are paid for, debt gone. Seriously, how can you not live off that? What are you buying where $4.75 million isn't enough? Don't bring up expensive cities like LA because that's your decision to live there, not mine.
A 3 bedroom house in Texas runs about what, $200k? A relatively inexpensive reliable car runs about what, $10k? Hell, let's throw in $40k debt for the fun of it.
You have $4,750,000 left over. Both house and car are paid for, debt gone. Seriously, how can you not live off that? What are you buying where $4.75 million isn't enough? Don't bring up expensive cities like LA because that's your decision to live there, not mine.
If you can't live on that something is wrong.
U
03-08-2017, 09:04 PM
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#63
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Originally Posted By JrM703⏩
If you invested $70k annually for 5 years, you would need to get 64% returns, assuming continuous compound interest. Nobody saves 100% of their income and nobody makes 64% returns on their investment... and that doesn't even account for tax or inflation. If you could manage to invest $15k and make 10%, you'd have about $100k at the end of the 5 years.No.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
To make $2.5 million, you either need:
1.) more than 5 years, building wealth isn't hard, it's just hard to do quickly
2.) a salary of well over $70k per year, as your salary increases beyond like $70k, your potential to save drastically increases, drastically increasing the compounding power of your investments
3.) a significant principal to invest, because assuming you're relying on whatever annual additions you can make on $70k, it isn't happening
4.) significant entrepreneurial success, if you're actually actively building a business/businesses, increasing your net worth from $0 to $2.5m in 5 years is totally doable, but that's totally different than passively investing your leftover income from your $70k/year job
Formerly MedellnMiscer, Currently BostonMiscer
03-08-2017, 09:06 PM
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#64
Originally Posted By JrM703⏩
I don't need e-statsSays the no avi that drives a pick up and
worships Tom Brady...
...seems legit
BRB keep over using Misc keywords, makes your e-stats bigger
worships Tom Brady...
...seems legit
BRB keep over using Misc keywords, makes your e-stats bigger
I just found 50 cents in my couch. Gonna throw that into the market and get myself a private jet in a few weeks with the interest.
03-08-2017, 09:10 PM
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#65
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Originally Posted By vt2medellin⏩
I already clarified that $70k was a primary revenue stream, with additional revenue streams (5) of between $10K-$50k, with growth from year to year.If you invested $70k annually for 5 years, you would need to get 64% returns, assuming continuous compound interest. Nobody saves 100% of their income and nobody makes 64% returns on their investment... and that doesn't even account for tax or inflation. If you could manage to invest $15k and make 10%, you'd have about $100k at the end of the 5 years.
To make $2.5 million, you either need:
1.) more than 5 years, building wealth isn't hard, it's just hard to do quickly
2.) a salary of well over $70k per year, as your salary increases beyond like $70k, your potential to save drastically increases, drastically increasing the compounding power of your investments
3.) a significant principal to invest, because assuming you're relying on whatever annual additions you can make on $70k, it isn't happening
4.) significant entrepreneurial success, if you're actually actively building a business/businesses, increasing your net worth from $0 to $2.5m in 5 years is totally doable, but that's totally different than passively investing your leftover income from your $70k/year job
To make $2.5 million, you either need:
1.) more than 5 years, building wealth isn't hard, it's just hard to do quickly
2.) a salary of well over $70k per year, as your salary increases beyond like $70k, your potential to save drastically increases, drastically increasing the compounding power of your investments
3.) a significant principal to invest, because assuming you're relying on whatever annual additions you can make on $70k, it isn't happening
4.) significant entrepreneurial success, if you're actually actively building a business/businesses, increasing your net worth from $0 to $2.5m in 5 years is totally doable, but that's totally different than passively investing your leftover income from your $70k/year job
As has already been mentioned by a few, $5 Million in X Geographic Area simply doesn't go as far in another Geographic Area. So I would not waste 5 years for $5 Million, particularly when a good home in the most attratcive and amenity laden US cities is $700K to $1 Million USD, not including yearly amenities and utilities.
Not trying to live a simple life.
Go deeper into the previous pages of the thread.
03-08-2017, 09:17 PM
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#66
Originally Posted By JrM703⏩
omg Warren Buffet I didn't know you were a miscerI already clarified that $70k was a primary revenue stream, with additional revenue streams (5) of between $10K-$50k, with growth from year to year.
As has already been mentioned by a few, $5 Million in X Geographic Area simply doesn't go as far in another Geographic Area. So I would not waste 5 years for $5 Million, particularly when a good home in the most attratcive and amenity laden US cities is $700K to $1 Million USD, not including yearly amenities and utilities.
Go deeper into the precious pages of the thread.
As has already been mentioned by a few, $5 Million in X Geographic Area simply doesn't go as far in another Geographic Area. So I would not waste 5 years for $5 Million, particularly when a good home in the most attratcive and amenity laden US cities is $700K to $1 Million USD, not including yearly amenities and utilities.
Go deeper into the precious pages of the thread.
03-08-2017, 09:21 PM
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#67
03-08-2017, 09:34 PM
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#68
Originally Posted By JrM703⏩
Maybe someday I can learn the investing technique needed to turn 70k/year pre-tax into 2.5 million in 5 yearsYou make it clear why half of the U.S. can't write a check for $500.00.
just fkn lmao. There's retarded, then there's the chit you posted
03-08-2017, 09:49 PM
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#69
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Originally Posted By Vhagar⏩
He's one of the misc "magic doubling penny" ownersMaybe someday I can learn the investing technique needed to turn 70k/year pre-tax into 2.5 million in 5 years
just fkn lmao. There's retarded, then there's the chit you posted
just fkn lmao. There's retarded, then there's the chit you posted
03-08-2017, 09:53 PM
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#70
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Originally Posted By JrM703⏩
Idk. How close are you in this goal of yours?I already clarified that $70k was a primary revenue stream, with additional revenue streams (5) of between $10K-$50k, with growth from year to year.
As has already been mentioned by a few, $5 Million in X Geographic Area simply doesn't go as far in another Geographic Area. So I would not waste 5 years for $5 Million, particularly when a good home in the most attratcive and amenity laden US cities is $700K to $1 Million USD, not including yearly amenities and utilities.
Not trying to live a simple life.
Go deeper into the previous pages of the thread.
As has already been mentioned by a few, $5 Million in X Geographic Area simply doesn't go as far in another Geographic Area. So I would not waste 5 years for $5 Million, particularly when a good home in the most attratcive and amenity laden US cities is $700K to $1 Million USD, not including yearly amenities and utilities.
Not trying to live a simple life.
Go deeper into the previous pages of the thread.
Anybody who take the challenge will have more than you in 5 years and if done right, will always have more than you. And they dont even have to grind for it.
Originally Posted By leoslayer1⏩
$230k/ yr? So you can practically live in any major U.S. city4.75 million at 5% is about 230k a year in income without touching the principal.
If you can't live on that something is wrong.
If you can't live on that something is wrong.
Originally Posted By Vhagar⏩
Well he stated other revenue streams, which means his income would be a out $120k. Still doesn't seem possibleMaybe someday I can learn the investing technique needed to turn 70k/year pre-tax into 2.5 million in 5 years
just fkn lmao. There's retarded, then there's the chit you posted
just fkn lmao. There's retarded, then there's the chit you posted
03-08-2017, 09:57 PM
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#71
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That's like 11 dollars a day... yes I can live off 11 dollars a day. Hobos only worry about food.
03-08-2017, 10:16 PM
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#72
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Originally Posted By danglingfruits⏩
ThisAware me on how to pull in 2.5 million with 70k/year
What ****ing wizard math is this?
And yes OP. Would live in San Diego and love life for those 5 years.
$20 a month for gym membership, shower in there
$70 a week for food
Sleep on beach
I could do this
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
03-08-2017, 10:20 PM
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#73
Originally Posted By AndYUKnowThis⏩
Well he stated other revenue streams, which means his income would be a out $120k. Still doesn't seem possible
Originally Posted By JrM703⏩
I think he's just a potatoNo.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years,not includingwhat you turn around in investments and savings
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years,not includingwhat you turn around in investments and savings
03-08-2017, 10:22 PM
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#74
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Originally Posted By JrM703⏩
None of your posts explain where a person just gets additional sources of income. Most Americans don't just start off with 5 other passive sources of income on top of their salary. So unless you have a rich family, you have to use your 1 source of income to expand into other sources of income which takes time.Save 1/3 of your income from a primary source , turn that around through investments,and have additional sources of income.
Average millionaire has over 7 sources of income.
Long story short $70k/year is the primary revenue stream, with other smaller income streams. $5 Million in 5 years is nothing in a large metropolitian area in the US, paritucarly if you had to live like a rat to get it.
Average millionaire has over 7 sources of income.
Long story short $70k/year is the primary revenue stream, with other smaller income streams. $5 Million in 5 years is nothing in a large metropolitian area in the US, paritucarly if you had to live like a rat to get it.
So all I can assume is that your saying someone with a $70k job who also inherited like $200k worth of stocks or something would rather keep working than be homeless. But for your average college grad that is going to have only 1 source of income being his new job, and already $40k of student debt, most would be willing to attempt the $5 mil for 5 years of homelessness alternative.
03-08-2017, 10:23 PM
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#75
03-08-2017, 10:23 PM
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#76
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Originally Posted By JrM703⏩
goat troll right hereIf you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years,
who else typed 70 x 5 into their calculator
You're gonna carry that weight.
03-08-2017, 10:24 PM
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#77
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Yeah. I was homeless for 3 months. For $5 mill I'd do this in a heartbeat. $4000/yr is a nice cushion for a homeless person.
RAW (5x5)
S: 315 / B: 245 / D: 405
if you use straps you can't lift it crew
03-08-2017, 10:30 PM
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#78
Originally Posted By JrM703⏩
u wot m8?No.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
Don't worry If I write rhymes, I write checks
The Duck speaks the truth.
03-09-2017, 06:33 AM
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#79
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That guy reminds me of the dumb hick in "The Waterboy" who tried to change his story after getting called out for a dumbass statement and just made himself sound even dumber.
"That's the best tackler I've seen since Joe Montana"
"Joe Montana was a quarterback, you stupid azzhole"
"No, no, I meant Joe MonTEGNA"
"That's the best tackler I've seen since Joe Montana"
"Joe Montana was a quarterback, you stupid azzhole"
"No, no, I meant Joe MonTEGNA"
03-09-2017, 06:36 AM
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#80
I don't think people really realize how long those 5 years are gonna be lol. It sounds easy, but as someone that has done volunteer work at a shelter I don't think most have any idea what they'd be signing up for. Especially considering a lot of people on the streets end up dead/missing and cops don't bother investigating.
03-09-2017, 06:44 AM
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#81
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Originally Posted By Atem69⏩
4% of that (considered a safe withdrawal rate for life) is 200k. Capital gains tax only 15%. Aware me on not buying nice cars and an above average house with 170k after tax income before counting a job?I could easily live off the interest for various investments if I had a 5 million lump sum to begin with. Obviously you still wouldn't be able to blow your money on things you don't need(huge pointless expensive houses/cars etc) but I'd still be set to where I'd never have to work again
Just go back to making your salary now as well, but better work environment because you can tell people to fuk off. Make 300k/year if you have decent job. Pretty sure I could buy awesome houses provided I don't live in NYC or SF.
03-09-2017, 08:56 AM
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#82
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Originally Posted By OnDat****gyTyme⏩
Potato math of peacegoat troll right here
who else typed 70 x 5 into their calculator
who else typed 70 x 5 into their calculator
03-09-2017, 09:02 AM
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#83
03-09-2017, 09:15 AM
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#84
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made a min of 80k/ max a touch over 100k.. taxes alone ate half. living expenses ate another 30% or more (had to live in a really expensive area so if I did math probably closer to 40%) I kept usually 10k a year so how the fuk can you turn that into 2.5m in 5 years?
i voluntarily joined the pepperoni nips crew
idontliftbro
03-09-2017, 09:22 AM
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#85
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Originally Posted By JrM703⏩
This is the dumbest thing I've ever read in my entire time on hereNo.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
03-09-2017, 09:35 AM
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#86
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Originally Posted By JrM703⏩
No.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
If you're making a minimum of $70K/Year with your primary source of income you'll pull in $2.5 Millon in 5 years, not including what you turn around in investments and savings, and you didn't have to be homeless for 5 years.
Now if you're giving me $50-100 Million to do that, then we may have a legit negotiation.
6'1 - 240lbs
<HTC>
03-09-2017, 09:41 AM
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#87
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Fuk no.......5 years, pshhh. Think about how long ago 5 years was for you and where you are now, whats changed and how long 5 years actually is.
I would start to legit THINK about doing it if the terms were more like 1 year for 10 million.
buncha slack-jawed optimists in here
I would start to legit THINK about doing it if the terms were more like 1 year for 10 million.
buncha slack-jawed optimists in here
03-09-2017, 09:42 AM
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#88
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Originally Posted By JrM703⏩
the best investors in the world average 15-ish percent returns per year... of that 70k, how much are most people really able to save? i know a guy who makes over 100k but has 5 kids and hes always brokeSave 1/3 of your income from a primary source , turn that around through investments, and have additional sources of income.
Average millionaire has over 7 sources of income.
Long story short $70k/year is the primary revenue stream, with other smaller income streams. $5 Million in 5 years is nothing in a large metropolitian area in the US, paritucarly if you had to live like a rat to get it.
See above.
Average millionaire has over 7 sources of income.
Long story short $70k/year is the primary revenue stream, with other smaller income streams. $5 Million in 5 years is nothing in a large metropolitian area in the US, paritucarly if you had to live like a rat to get it.
See above.
A million miles away - I don't.. feel.... anything.
http://www.youtube.com/watch?v=PXGZu4yxjW0
03-09-2017, 10:05 AM
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#89
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Would depend on the circumstance of my life at the time, I'd learn towards doing it in general but not right now this very moment.
03-09-2017, 10:08 AM
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#90
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Originally Posted By bsmit107⏩
a lot of people live chit lives, they dont have much to losebuncha slack-jawed optimists in here
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