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Forum ยป Would You Live as a Homeless Person, for 5 years, for $5 million at the end
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Thread: Would You Live as a Homeless Person, for 5 years, for $5 million at the end

post 1486530851 03-09-2017, 10:10 AM
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#91
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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
Some of the strongest math I've ever seen on here
**Drinks colon cleanse for fun crew**
post 1486540571 03-09-2017, 11:33 AM
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#92
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Originally Posted By EnforcerOTF⏩
This is the dumbest thing I've ever read in my entire time on here
bro you just don't get it
post 1486541031 03-09-2017, 11:37 AM
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#93
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doing it now for free so uhh yeah
post 1486543651 03-09-2017, 11:56 AM
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#94
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would chill in the library and get a gym membership.
the smartest bodybuilding hobo you'll ever see boyos
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post 1486544401 03-09-2017, 12:03 PM
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Absolutely. brb 5 years of adventure and mischief and get paid more than I would ever make in a lifetime. Too easy.
post 1486545071 03-09-2017, 12:08 PM
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Fuk yes. Live at a shelter and near a soup kitchen brb doing nothing all day but jackin' it at the library.
post 1486619691 03-09-2017, 10:57 PM
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yeah



it would be extremely mentally taxing but I can do it
The above post is 100% false
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post 1486620921 03-09-2017, 11:15 PM
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Originally Posted By USAPump⏩
yeah



it would be extremely mentally taxing but I can do it
Strong post to user title
post 1486621181 03-09-2017, 11:19 PM
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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.
interesting maths

70,000X5 = 2,500,000

interdasting
post 1486621651 03-09-2017, 11:26 PM
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#100
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Originally Posted By Vhagar⏩
Maybe 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
Don't forget that he some how ends up with 2.5 mill BEFORE investing anything. so basically he said 70k a year for 5 years turns into 2.5 mill.


lmao i was like LMAO
post 1486625471 03-10-2017, 12:33 AM
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#101
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Originally Posted By JrM703⏩
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.
Ok so if I understand correctly if you have 5 additional revenue streams providing 40k a year each (after tax) plus 70k from your primary, you only need like 23% compound interest.
post 1486718601 03-10-2017, 05:12 PM
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#102
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Originally Posted By winterbulk⏩
Ok so if I understand correctly if you have 5 additional revenue streams providing 40k a year each (after tax) plus 70k from your primary, you only need like 23% compound interest.
Berkshire Hathaway's historical returns are around 20%, so you would be beating Buffett pretty significantly at 23%. Additionally, if your primary revenue stream is $70k and you have 5 more earning $40k each per year, you don't make $70k, you make $270k... and even if that is already after tax and inflation, you still need to account for living costs.
Formerly MedellnMiscer, Currently BostonMiscer
post 1486719211 03-10-2017, 05:19 PM
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#103
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The main deciding factor is weather.

Somewhere warm like Cali, maybe.

Somewhere like Chicago?

Never.
The billionaire and the beggar both have 24 hours in a day.

That's why grandma's apple pie rocks and yours sucks.
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At least it will thunderstorm tonight, and we know how they feel about water. :)
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post 1486720291 03-10-2017, 05:29 PM
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#104
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Originally Posted By JrM703⏩
$5 million, is set for life? Maybe in the 1930s.
LOL, if you cant be "set for life" with $5 million, then you ****ing SUCK at investing... If someone have me $350,000 right now I could 100% retire comfortably.


but to answer OP's question, no I wouldnt do it. You cant buy time, and Im doing very well financially
post 1491885511 04-20-2017, 10:12 PM
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#105
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Originally Posted By MBisonSon⏩
The main deciding factor is weather.

Somewhere warm like Cali, maybe.

Somewhere like Chicago?

Never.
I remember seeing some jacked homeless guy sleeping in the Chicago pedway near the LA fitness and subway (between millenium station and Daley center).

I think he would shower at the gym, eat subway, and sleep on the floor of the pedway during the day
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