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I challenge ALL millionaires to live off of what most people live off of which is <40K a year.
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[quote:Anonymous Coward 77283014:MV8zOTczOTQ2XzcxODc3NTU0X0U0Q0Y2ODU=] [quote:Anonymous Coward 56945196:MV8zOTczOTQ2XzcxODc3MjkwX0EwREI2QjE1] [quote:Anonymous Coward 6925264:MV8zOTczOTQ2XzcxODc3MjcwXzNFNTg0NjlC] [quote:Anonymous Coward 56945196:MV8zOTczOTQ2XzQ3MEU0MzU3] They probably wouldn't survive ONE week without spending their entire 40K in less than a week! [/quote] I challenge YOU to earn $1 million, pay taxes on it, and live like a millionaire. Guess which challenge is harder! . [/quote] Well, If I had 1 MILLION< I would deposit it into a high yield savings account and live off the interest ALONE that it would earn. I wouldn't even touch the million, just live off of the interest it produced. [/quote] Not very wise considering interest rates will not keep up with inflation. If I had 1 million dollars I would build a few duplexes then live off of the rent money collected. While houses do tend to need money to maintain they don't depreciate in value like the dollar has. And for instance a duplex could easily earn me around 2,000 dollars profit per building and with 1 million I could probably build 4 of them. So 8,000 per month for 30 years and I have damn near tripled the initial investment. But alas I am not rich nor will I ever be under the current climate and world system. [/quote]
Original Message
They probably wouldn't survive ONE week without spending their entire 40K in less than a week!
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