If you won *just a million bucks* right now, would u quit your Job and use it to pursue/work toward whatever your life dreams are?

I'm gone!

Buy a house, cars, and shit for my family and pursue everything I ever wanted to do.

I'll always have IT to fall back on if shit don't work out for some reason.


---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

other half over to my friend Asadulah who works in securities..

_____________________________________________________
"You can win with certainty with the spirit of "one cut". "Musashi Miyamoto

... for less than $400K.


---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

>... for less than $400K.
>
>
>---------------------------
>
>"Where was the peace when we were getting shot? Where's the
>peace when we were getting laid out?
>Where is the peace when we are in the back of ambulances?
>Where is the peace then?
>They don't want to call for peace then.

Not, like, in Santa Monica but there are plenty of new communities further inland where that's the norm.

>Not, like, in Santa Monica but there are plenty of new
>communities further inland where that's the norm.

But definitely possible with a little dilligence. Where I'm at you could easily cop two solid joints at 2500 sq ft for around 500 but 400 means your really digging for them, possibly even getting one at a discount for paying cash or something. Forclosures, short sales and whatnot along with low markets that still haven't quite recovered make this possible. I'm not sure about the market he's in but in mine that's about how it breaks down.

I was talking about a brand new 3500 sq foot home brand new at the 400k price point.

>I was talking about a brand new 3500 sq foot home brand new at
>the 400k price point.


damn.
even in my old hood in San Diego the houses go for $450+
shiiiiiiiidddddd

I'll be staying in Houston until I hit the POWERball
fuck the lotto

Who knows.

.

for all that, I could cop a single nice as fuck crib outchea for $300K

http://www.realtor.com/realestateandhomes-detail/3216-W-Pleasant-Ln_Phoenix_AZ_85041_M11035-68174

^^^ Some shit like that sittin off on just over a quarter acre of land.

Cops 3 or 4 older Benzes (CL600, S55/S65, ML55, and a SL600/SL55/SL65) and sit off.

---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

>for all that, I could cop a single nice as fuck crib outchea
>for $300K
>
>http://www.realtor.com/realestateandhomes-detail/3216-W-Pleasant-Ln_Phoenix_AZ_85041_M11035-68174
>
>^^^ Some shit like that sittin off on just over a quarter acre
>of land.
>
>Cops 3 or 4 older Benzes (CL600, S55/S65, ML55, and a
>SL600/SL55/SL65) and sit off.
>
>---------------------------
>
>"Where was the peace when we were getting shot? Where's the
>peace when we were getting laid out?
>Where is the peace when we are in the back of ambulances?
>Where is the peace then?
>They don't want to call for peace then.

And everything is overly expensive.

Besides... LA and San Diego are only a 5hr drive from Phoenix, so visiting is always within reach. It's also a 4hr drive to Vegas and 2hrs to go skiing in the winter (drive up to Flagstaff).


---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

>And everything is overly expensive.
>
>Besides... LA and San Diego are only a 5hr drive from Phoenix,
>so visiting is always within reach. It's also a 4hr drive to
>Vegas and 2hrs to go skiing in the winter (drive up to
>Flagstaff).
>
>
>---------------------------
>
>"Where was the peace when we were getting shot? Where's the
>peace when we were getting laid out?
>Where is the peace when we are in the back of ambulances?
>Where is the peace then?
>They don't want to call for peace then.

only because this keeps coming up

I never said I needed two houses. Never said I didnt.

I said where "I'm" from, a million is basically two good houses with some extra left over.

So overall, a million wasn't enough to be secure to quit your job and be worry free.

There are taxes to pay on houses, regular bills, lifestyles, insurance for health etc etc.

One bad condition of specific hospital procedure with insurance can still put someone under.

So no, having 2 houses is not a dire need (but a great investment..doesn't anyone here own two properties anyways?)

So thats what saying two houses referred to. That depending where one is, lives, a million in this day and age isnt what everyone thinks it is.

I mean were not destitute here

Thanks for clarifying tho.

I've looked at some of the nicer areas of SoCal and property taxes on big ass cribs ain't really all that much for a year. Where are y'all living where property taxes will "kill you"???

If you have no mortgage payment, no car notes, and only insurance, utilities, and day-to-day living expenses to worry about, how can you not survive for a long ass stretch with a $1M cash infusion???

Nah b, shit makes no sense.

Check it out

Aiight... I don't fuck with TX like that (even though I have a shitload of family out there), but let's say I just got a $1M cash infusion and I'm gonna relocate to Houston. Because TX is the land of the hot like AZ, I'm gonna keep the same expectations for a house:

$200K-$300K, 5+ bedrooms, 3+ bathrooms, 3000+ sq/ft, and a swimming pool.

Bet... so I find this:

http://www.realtor.com/realestateandhomes-detail/5927-Queensgate-Dr_Houston_TX_77066_M85743-71343

Everything I want plus damned near an acre of land. So let's have a look at the taxes on this house with the Harris County Tax Office:

http://www.hctax.net/Property/TaxStatement?Account=1055610000009

The 2015 taxes (due on Jan 31st, 2016)are only $4,007.78 and looking at the tax receipts on this property going back to 2012, you can speculate that within 10 years you might be paying $5000 a year on taxes. At that rate, you could live in that house for the next 20 years and you MIGHT spend $100K-$120K on taxes.

You haven't even broken $400K yet with the purchase of the house.

If you wanted, you could work a part time McDonalds job just to pay the taxes on this crib every year and never touch the rest of whatever's left over from the $1M.

Even if it was $11K a year, you could still work a bullshit part-time job to pay the taxes and never touch the remainder of the money.

Property taix ain't that much b.

---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

Turn it into a true JohnForte post but I wont
These niggas can't leave their 1100 Sq ft bungalow in Duarte/Arcadia

But that house you linked is in that crazy flood zone and insurance will run you 2000-3000 per year

To be fair...
You left out the biggest portion of property tax and that is the school district portion

The house you linked is in Harris County so pays to same place as any house in Houston

But it sits in the Humble Independent school District so its taxes go there.
That is separate and additional from what you listed.

Those taxes are $5k this year (roughly 1.1% of home value)
Problem is that puts this homes taxes at 9000


Wait, that's about right
9k on a 300k home is about 3.0%
Yeah, that sounds right

Carry on...

>Wait, that's about right
>9k on a 300k home is about 3.0%
>Yeah, that sounds right
>
>Carry on...

$9K/yr is a part time McDonalds job with money left over.

After paying $250K on a crib you're still left with $750K. If you can't make that work for you for at least 20 years then something is definitely wrong with your money management skills. Even if you pay taxes on that $1M you'll be left with $550K-$600K and even with that you're still left with enough money after buying that house to live comfortably for a good while without a job if you manage that money properly.


---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

.

I get it tho... some folk want that loooooong money. They are in it for the chase.

some people really like working but I can't see how people are saying they new more or they would feel anxious.

cause you have to remember if you dump 500K in a slow growth you can use the interest to pay off the taxes. Don't even have to flip burgers at McDonald's.

Also, most these people have careers which means they can hustle on the side at home and make a few stacks each month.

I really find it hard to believe but we have been sold this "gotta work work work or we will be ass out" once we hit retirement.

what type of lifestyles are okps living?

that fear is real in America.

I'm telling you
They bad with money
On that billion dollar powerball post these fools talking about "buying land" as an investment

LOL

Not a TIMO or anything,
Just land
LOL

If you can't live off a million CASH for the rest of your life, you suck at money management

I can put $25k in a college fund for my daughter on the day she is born and have that bank roll her after high school until she is 25.

I think this gets repeated so much in the news that folk actually believe they have to keep working because the money will dry up.

after the house, cars and school loans are paid off Wtf is so expensive they can't live off 40k a year?

then again, okps be throwing up $300 canvas white sneakers and denim links talking about that's a good price.

Once you remove housing and daycare
Shit be cheap

We also don't have car notes

These fight wokes on these TD Ameriprise commercial got yall thinking yall need $5milly to retire

Like 0.1% of yall will attain that

>Once you remove housing and daycare
>Shit be cheap
>
>We also don't have car notes
>
>These fight wokes on these TD Ameriprise commercial got yall
>thinking yall need $5milly to retire
>
>Like 0.1% of yall will attain that

Your spending 20k on living expenses, excluding housing and childcare (only 2 of your biggest expenses, most likely lolol).

You'd only have 25k a year if your stretch that million dollars equally over the next 40 years of your life (assuming your near 40 and live to 80).

You either a) need to find a way to provide housing and childcare on 5k a year (833 a month) b) trade *at least* 2-5 years of your "retirement" income in to be able to buy a home, free and clear or c) make a good deal more money.

And inflation still going to kick your ass halfway to two thirds of the way through.

>Your spending 20k on living expenses, excluding housing and
>childcare (only 2 of your biggest expenses, most likely
>lolol).

1. My house is paid for so no housing costs
2. I'm not working so I'm a SAHD so no childcare costs



>
>You'd only have 25k a year if your stretch that million
>dollars equally over the next 40 years of your life (assuming
>your near 40 and live to 80).
>

Yes.
I know how to do simple division.
But that is not this.



I can't
I just can't with OKP today.

(I'm trying to do my best SoWhat rendition)

The vast majority of people are coming at this from the perspective of still having to provide housing for themselves or family. That takes some money off the top of what would already be a below median household income if you just amortize with no investment income.

And sure, you can invest but that also introduces risk you can go broke... investment takes effort to be done well so I can see why a lot of people would rather keep doing what they're already doing (or doing something else that still generates income) until they've got a bigger cushion.


>>Your spending 20k on living expenses, excluding housing and
>>childcare (only 2 of your biggest expenses, most likely
>>lolol).
>
>1. My house is paid for so no housing costs
>2. I'm not working so I'm a SAHD so no childcare costs
>
>
>
>>
>>You'd only have 25k a year if your stretch that million
>>dollars equally over the next 40 years of your life
>(assuming
>>your near 40 and live to 80).
>>
>
>Yes.
>I know how to do simple division.
>But that is not this.
>
>
>
>I can't
>I just can't with OKP today.
>
>(I'm trying to do my best SoWhat rendition)

Just trying to establish a baseline. OKP has all kinds so I make no assumptions.

>after the house, cars and school loans are paid off Wtf is so
>expensive they can't live off 40k a year?

On top of all of that, you could move to someplace significantly cheaper to live since you won't be tied to them expensive ass spots because of a job.

---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

and that's why they don't believe they will have enough and they might be right.

I'm not paying 500k for the same house I can get in Charlotte, ATL or Austin for 250K.

http://i1288.photobucket.com/albums/b500/konceptjones/clip1_zps5abd2d20.gif


---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

That would be the stupidest shit in the world to do. I'd buy me 3-4 older, low milage Benzes outright for under $30K and roll 'em until the wheels fall off, then cop another batch of used joints.

>cause you have to remember if you dump 500K in a slow growth
>you can use the interest to pay off the taxes. Don't even have
>to flip burgers at McDonald's.

True, I just used McDonalds to illustrate how little money $9K-$11K a year really is.

>Also, most these people have careers which means they can
>hustle on the side at home and make a few stacks each month.

True, but I intentionally left that out. Shit, I can hustle some IT shit on the side to the tune of $50K-$60K year just consulting on my own.

>what type of lifestyles are okps living?

I think most OKP's here are on that $30K Millionaire shit.



---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

Them under $30k used Benzes will hit your pockets with $90 oil changes, $700 brake jobs and $1500 rando German luxury shut

Cop you a brand new Maxima for $25k and that's good for 10yrs trouble free.

Do $20 oil changes yourself.
Do $40 brakes yourself


A million ain't a billion so you have to be reaourceful.

Infiniti want $1100 to do my wife brakes front and rear.
I copped the parts online from Phoenix Infiniti for $300 and did them shits myself.

Don't throw money away on German car maintenance.

I know how and while i got nothing but time I damn sure won't be spending it changing my oil.

>Them under $30k used Benzes will hit your pockets with $90
>oil changes, $700 brake jobs and $1500 rando German luxury
>shut

Before we let go of the ML500, I started doing the work on it. Oil changes and brakes were no biggie, just needed to get some extra tools. I've worked on 190E's, 300E's, and the like back inna day and they're not big deal either. I'm talking about 2006 and earlier joints, nothing newer than that.

I've maintained all of our cars over the years. Everything from basic maintenance to shit like swapping out motor mounts, fuel pumps, ps pumps, water pumps, head gaskets, transmission issues... all handled by me.



---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

on how it wouldn't be enough to live on.

I think Forbes got an fucked up. Those articles exist because the last thing this country needs is people living frugal and retiring before 65.

maybe we got it all wrong tho...

I don't see how once the major bills are gone but ionno.

I guess kids and extra activities could hurt a few months out the year but I'm also going to matinee movies and paying cash for everything.

Prolly get a few cards for cash rewards and flyer miles but that's it.

i could get out of debt. buy a home outright, and still have enough money to chase my dream.

if i failed? well i have no debt and i own a nice house so any ol' job that paid $15/hr or more would be enough to live on based on the other things.

so, why not take the risk?

Let's say it's after taxes, etc. That should be about $30,000-$35,000 (maybe a little more) a year interest. i'd cut my job down to four days (which i could do), live better, and have three days every week to travel. It should be noted that i love my job.

My job gives you a year to return if you leave in good standing.

My plans depend heavily on the tax situation though. Is this pre or post tax?

If I’m taxed if, is this lottery winnings or capitial gains I’m good to go.

I’d quit my job, cash out my retirement, sell our current home for a major upgradeand I know exactly where we’d go.

In fact I already know exactly how I would spend my time and how I would budget everything.

We’d be pretty well set and in the event things aren’t going so well after 9 months I’d start the process of getting my job back.

virtually worry free, with a fat nest egg for retirement at 55.

...the rest would get saved/invested. I like my career.

a big house means big utility bills.

right now our house is only 1200sq ft and that's enough for 3 people.

I would prolly bump up to 2100sq ft at the most

Heating bills suck, but are unavoidable here. Space heaters (heating up the room you're in) and putting timers on your heaters helps a lot. I don't do A/C tho (houses here are usually to old to have central AC anyway), so summer bills are cheap.

no snark but Philly dudes always find ways to run up in yo shit. Had 2 or 3 friends who barely had money get tied up in their cribs.

All on one floor
We can get that in the burbs for $350k with the BEST schools attached

I could live well off the interest. I don't require much at all so after it sits for a while I'd invest and acquire.

I guess in a way I am already pursuing my dream and if I were even more comfortable financially I would probably do a little more work, not less. I can get credentials for just about any sporting event, the question now is if someone is paying my way or not. If I didn't have to worry bout it, I would pay my own way to the Olympics, World Series, etc. I did it once with the Stanley Cup Finals and would do it with the NBA Finals if they didn't coincide generally with all-expenses-paid gigs. If I had all the money I could handle, I'd go to more stuff. My business is the same way, I would grow it, not shrink it and I'd also collect more of my merchandise (which ultimately gets put up for sale in about 50% of cases anyway).

But..Add a zero or two to that number, then I would retire @ 50 years old. May even do it sooner. A million dollars is a lot of scratch, but not enough to quit my job. Damn near hit the lotto with the job I got, so it would take a substantial amount of money to really hang it up.

Would be more than enough to pay off current school debt and fund the next level of education. Now is as good a time as any

>

tbh I probably wouldn't even move

www.engadgethd.com - the other stuff i'm looking at

I'd use the rest to live off of while I finish grad school.


"All the world's a stage,
And all the men and women merely players:
They have their exits and their entrances;
And one man in his time plays many parts..." -The Bard

first thing is put enough money back for the kids for college. maybe move. if not fix all the shit on the list of shit to fix in the house. buy wifey a new car. take a good vacation. put the rest back for xavings and retirement and what not.

a sabbatical.

I'm good with working my current, so I'd hit up all the bills and get a decent house. prolly keep my cars, at least for a while.

my kids schooling and buy the home in BK I really want.

But I'd definitely have to keep working, maybe afford a pay cut, but still have to work.

**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

But I would use it to retire early and in the mean time not worry about money at all. A mil isn't that much anymore. I would buy a decent house which in some places would cost you at least half of that.

I wouldn't even put in a 2 week notice. fuck I look like working and saving when the goal is to have a mill? I know.. a million isn't a lot but that's bullshit. A million IS a lot of money and it's a Damn shame we been led to believe you have to work, work, work, work, work.

I'm fixing up my house and selling it at a 100K profit.

Then I'm buying a plot of land or a foreclosed short sale on the cheap for 200K.

500K goes in a slow growth account. 50 to 100K in a real aggressive account.

that would leave me with 200 to 250K.

100K for the kids

the other 150K for debt, fam, misc and party and bullshitting.

the fuck I look like working 40 hours so I can retire old to enjoy my money? nah... the last 30 years or so I'm living life like you are supposed to live.

most I would prolly do is flip houses in the hood for 10k to 20k a pop.

Most will never make $1M in their lifetime but say they can't quit their job if gifted $1M lump sum post tax.

I don't care where you live in the USA if you can't survive 40yrs off $500k nest egg then you doing it wrong.

I'm saying after housing and daycare all I need is my piddling expenses?

I imagine the median salary on OKP to be $45k so it would take about 30years for the avg OKP to amass $1M post taxes

or don't have lives outside of work.

I applaud those who love their jobs but fuuuuck that.

I'm traveling, chillin, spending as much time as possible with my kid.

I mean if you could spend all your day doing anything, what would you do?


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

Personally I'd work on classic cars, play instruments, hit shesfreaky.com, cook, read, watch TV

Anything besides office life

It doesn't have to be office life. It could be outdoorsy work.

I just can't do nothing for that long. I'd go crazy sitting around the house.



>Personally I'd work on classic cars, play instruments, hit
>shesfreaky.com, cook, read, watch TV
>
>Anything besides office life


**********
"Everyone has a plan until you punch them in the face. Then they don't have a plan anymore." (c) Mike Tyson

"what's a leader if he isn't reluctant"

now, if youre not a creative type and need something to keep ya busy for fulfillment then by all means...clock in nigga

museums, play music, travel, volunteer, etc...

I would still design shit, prolly flip houses in the hood for a small profit but that's about it

but I wouldn't be on someone else's clock getting my ear beat over some dumb shit in a meeting.

$1 billion sure

but not $1 million, and definitely not a few hundred thousand

there's drawbacks too, but...

www.engadgethd.com - the other stuff i'm looking at

>$1 billion sure
>
>but not $1 million, and definitely not a few hundred thousand
>
>there's drawbacks too, but...
>
>www.engadgethd.com - the other stuff i'm looking at

>Most will never make $1M in their lifetime but say they
>can't quit their job if gifted $1M lump sum post tax.
>
>I don't care where you live in the USA if you can't survive
>40yrs off $500k nest egg then you doing it wrong.
>
>I'm saying after housing and daycare all I need is my piddling
>expenses?
>
>I imagine the median salary on OKP to be $45k so it would take
>about 30years for the avg OKP to amass $1M post taxes


How, Sway?!?

shit ain't that hard.

---------------------------

"Where was the peace when we were getting shot? Where's the peace when we were getting laid out?
Where is the peace when we are in the back of ambulances? Where is the peace then?
They don't want to call for peace then.

a fool and his money...

"I Got a Family to feed"-Latrell Spreewell.

Sh*t I've been daydreamin'bout this for minute.

Even with that being clear of taxes, I wouldn't quit. Me and da wiz do okay for DC Metro, but this is what I'd do:

Pay off me and da wiz's school loans
Pay off my town house
Put a good piece of that on the jount we havin' built right now
Clear my other debts
help out a few family members

I'll be more comfortable with saving, from that point.

>Sh*t I've been daydreamin'bout this for minute.
>
>Even with that being clear of taxes, I wouldn't quit. Me and
>da wiz do okay for DC Metro, but this is what I'd do:
>
>Pay off me and da wiz's school loans
>Pay off my town house
>Put a good piece of that on the jount we havin' built right
>now
>Clear my other debts
>help out a few family members
>
>I'll be more comfortable with saving, from that point.

some idiots here think youre not that good with money with this type of thinking


but again, they're idiots

so a million for you doesn't go as far as it does in Charlotte or Houston or Pittsburgh.

already discussed in reply 23

>so a million for you doesn't go as far as it does in
>Charlotte or Houston or Pittsburgh.
>
>

They're entitled to think that, if they're so inclined. Thanks for ji' like vyin' for me, though cuz.

>some idiots here think youre not that good with money with
>this type of thinking
>
>
>but again, they're idiots

my current dream is to become a stay at home grandma

Like take a break from my job, maybe go back to school and transition to another career.

But not take off forever.
______________________________________________________________________________

cscpov.blogspot.com

"There's a fine line between persistence and foolishness..."
-unknown

"To Each His Reach"

.
.
.

Pay would move from the top 3 to maybe the top 5 lol.

1 million is enough (at least at my age) to live frugally indefinitely.
I could take out 2.5% a year for the next 40 years and die broke.... or, if I assume some appreciation, maybe 3%.

That's 25k to 30k a year. That's actually a good income if your housing is already paid for... if not, you wouldnt be able to afford many luxuries but you could get by... until inflation makes that 30k feel like 15k.

But if I could get that money, continue my relatively cush desk job for another 10 years, enjoy some paid for benefits and double that retire income, why not?

Phil's bodega

Subs, fried chicken, craft beer & lots of cigarillos

Generally, if I won a Million in 2016, and just worked regular corporate job, that Half a mil after taxes damn sure wouldn't last a lifetime.