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Photographer
billy badfinger
Posts: 830
Tampa, Florida, US


This game assumes NO additional income...NONE.
Not even interest and investing the $1mil is NOT allowed.
Ready???...Go!!!

Personally...I think I could go about 16-18 years!
Jan 27 13 10:17 am  Link  Quote 
Photographer
Jose Deida
Posts: 1,166
BLANDON, Pennsylvania, US


20 years smile
Jan 27 13 10:19 am  Link  Quote 
Photographer
Carlos Occidental
Posts: 10,546
Glendora, California, US


20 - 25 years.  If I use it to live at the level I'm currently living, 40 years.
Jan 27 13 10:19 am  Link  Quote 
Model
Shandra Stark
Posts: 13,612
Los Angeles, California, US


Easily 20 years.
Jan 27 13 10:22 am  Link  Quote 
Model
DeadCute
Posts: 70
Nottingham, England, United Kingdom


33 years.
Jan 27 13 10:24 am  Link  Quote 
Photographer
B R U N E S C I
Posts: 25,319
Bath, England, United Kingdom


50.6 years... according to my latest tax return;)






Just my $0.02

Ciao
Stefano
www.stefanobrunesci.com
Jan 27 13 10:24 am  Link  Quote 
Photographer
DOUGLASFOTOS
Posts: 8,423
Los Angeles, California, US


You mean after Uncle Sam takes his share...and State Taxes...700,000 will not go that far.
Jan 27 13 10:24 am  Link  Quote 
Photographer
SPRINGHEEL
Posts: 38,195
Gibraltar, Michigan, US


A couple of minutes
Jan 27 13 10:24 am  Link  Quote 
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Model
Damianne
Posts: 15,975
Austin, Texas, US


probably spend a quarter of it on a house and a car, then probably about 10 years living on the 50k a year plus some furniture or a new TV or a small remodel of the kitchen or some other expenses I'd usually use savings for.
Id have some leftovers by the time I was living mostly off of other income.
Jan 27 13 10:25 am  Link  Quote 
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Damianne
Posts: 15,975
Austin, Texas, US


DOUGLASFOTOS wrote:
You mean after Uncle Sam takes his share...and State Taxes...700,000 will not go that far.

No?
But 300k more would?

Jan 27 13 10:25 am  Link  Quote 
Photographer
terrysphotocountry
Posts: 4,117
Rochester, New York, US


10 years. My Photography is a expensive hobby.
Jan 27 13 10:28 am  Link  Quote 
Photographer
R A V E N D R I V E
Posts: 15,867
New York, New York, US


No investing but I could still get any bank to extend a $5 million credit line though right?

live off that forever, will eventually be the bank's problem only
Jan 27 13 10:28 am  Link  Quote 
Photographer
r T p
Posts: 3,061
Los Angeles, California, US



2
yrs ...

though with some belt-tightening
that could be stretched to 2.5yrs
Jan 27 13 10:55 am  Link  Quote 
Model
hygvhgvkhy
Posts: 2,092
Chicago, Illinois, US


billy badfinger wrote:
This game assumes NO additional income...NONE.
Not even interest and investing the $1mil is NOT allowed.
Ready???...Go!!!

Personally...I think I could go about 16-18 years!

It COULD last me forever. Or it COULD last me ten minutes. All depends on what I do. I could live poor forever, or go on a shopping spree(: I think I would try to turn it into more money. How idk, but I would. Make it last longer, and be able to use it better

Jan 27 13 11:03 am  Link  Quote 
Photographer
James S
Posts: 850
Spokane Valley, Washington, US


I would probably get around 10-20 years from it.
Jan 27 13 11:05 am  Link  Quote 
Photographer
Art of the nude
Posts: 11,889
Olivet, Michigan, US


billy badfinger wrote:
This game assumes NO additional income...NONE.
Not even interest and investing the $1mil is NOT allowed.
Ready???...Go!!!

Personally...I think I could go about 16-18 years!

At the rate I've been going recently, 50-80 years.  But since I could pay off all bills, including the house, and I'd travel, I'd basically say, as long as I'm going to live (I'm 55). 

The only qualifier to that is medical; health care can cost $20,000 or more a year for a couple, and if I had that much money, I'd certainly want insurance.

Jan 27 13 11:06 am  Link  Quote 
Photographer
MN camera
Posts: 1,861
Saint Paul, Minnesota, US


Don't know.  Give me the million and let's see.
Jan 27 13 11:12 am  Link  Quote 
Model
Russian Katarina
Posts: 1,413
London, England, United Kingdom


billy badfinger wrote:
This game assumes NO additional income...NONE.
Not even interest and investing the $1mil is NOT allowed.
Ready???...Go!!!

Personally...I think I could go about 16-18 years!

I've lived on a hundred bucks a month, so if push comes to shove it could last me 800 years. wink

Since my average life expectancy is about 50 more years though, put in a safety margin and I'd ration it to last 60 years.

Jan 27 13 11:12 am  Link  Quote 
Model
Shandra Stark
Posts: 13,612
Los Angeles, California, US


Damianne wrote:
probably spend a quarter of it on a house and a car, then probably about 10 years living on the 50k a year plus some furniture or a new TV or a small remodel of the kitchen or some other expenses I'd usually use savings for.
Id have some leftovers by the time I was living mostly off of other income.

Interestingly, it didn't even occur to me to change my life drastically.  Literally didn't even think of buying a house or a car (I don't have either one).  lol

I think if I bought a house, it'd last me 10 years.

Jan 27 13 11:12 am  Link  Quote 
Photographer
ChrisFischerPhotography
Posts: 852
Otsego, Minnesota, US


If you're talking one million tax free, then probably around 35 years. I don't live a rock star lifestyle.
Jan 27 13 11:22 am  Link  Quote 
Photographer
R A V E N D R I V E
Posts: 15,867
New York, New York, US


Presley ONeil wrote:

It COULD last me forever. Or it COULD last me ten minutes. All depends on what I do. I could live poor forever, or go on a shopping spree(: I think I would try to turn it into more money. How idk, but I would. Make it last longer, and be able to use it better

thats against the rules

Jan 27 13 11:29 am  Link  Quote 
Photographer
R A V E N D R I V E
Posts: 15,867
New York, New York, US


okay okay I would buy the basics and let it dwindle


thats what I always did when I played the sims. My subject's never had a job.

I'm thinking 30 years, if its just me. proportionally halved with women and children
Jan 27 13 11:30 am  Link  Quote 
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Model
Anna Adrielle
Posts: 18,763
Antwerp, Antwerp, Belgium


R A V E N D R I V E wrote:

thats against the rules

nono, you said investing, interest or additional income was not allowed smile. what if there's a way to still make more money without investing or additional income!

Jan 27 13 11:32 am  Link  Quote 
Photographer
Jim Ball
Posts: 17,204
Frontenac, Kansas, US


The rest of my life.  I'm 60.  $40K or $50K a year free & clear provides a better income than I've ever had in my life.  My maximum annual income in this shithole corner of Kansas has never been greater than $52K before taxes & other witholdings.
Jan 27 13 11:36 am  Link  Quote 
Photographer
csjacksonphotography
Posts: 10,469
Chicago, Illinois, US


Depends on how many midgets they're selling that day......lol
Jan 27 13 12:05 pm  Link  Quote 
Photographer
billy badfinger
Posts: 830
Tampa, Florida, US


interesting mix...
my calculations didn't include large purchases like a house.
I'm a renter and have no problems with being a renter...
Sure I'd prob buy a new truck...reliable transport is important for me!
Maybe some new camera gear...
But I'm a REALLY bad consumer,(NOT good for the economy,sorry!),I only buy stuff when I really NEED it.
And my biggest passion is traveling so,I'm not home that much to play with
expensive toys and stuff!

'Course that could all change pretty quickly if I actually HAD $1mil cash!!!
Jan 27 13 12:16 pm  Link  Quote 
Photographer
Eros Fine Art Photo
Posts: 2,596
Torrance, California, US


I'm gonna' guess about 25 to 30 years.  I mean, I'm sure I would increase my current spending with some nicer things, but overall I don't believe I'd go crazy buying up stupid stuff.

On the other hand, if I stayed exactly where I'm at and only bought a new car every 5 or so year...then it would last me well over 60 years.
Jan 27 13 12:25 pm  Link  Quote 
Photographer
Carlos Occidental
Posts: 10,546
Glendora, California, US


Anna Adrielle wrote:
nono, you said investing, interest or additional income was not allowed smile. what if there's a way to still make more money without investing or additional income!

Please explain how this is possible?  Using the money in any way to make more money equals investing.  Period.

Jan 27 13 12:30 pm  Link  Quote 
Photographer
Art of the nude
Posts: 11,889
Olivet, Michigan, US


billy badfinger wrote:
interesting mix...
my calculations didn't include large purchases like a house.
I'm a renter and have no problems with being a renter...
Sure I'd prob buy a new truck...reliable transport is important for me!
Maybe some new camera gear...
But I'm a REALLY bad consumer,(NOT good for the economy,sorry!),I only buy stuff when I really NEED it.
And my biggest passion is traveling so,I'm not home that much to play with
expensive toys and stuff!

'Course that could all change pretty quickly if I actually HAD $1mil cash!!!

If you've got the cash, buying a home is going to save you money in the long run over renting.  Especially right now; you can search for a deal and pay cash for it.  Probably get it for five years rent.

Jan 27 13 12:31 pm  Link  Quote 
Photographer
Solas
Posts: 9,488
Toronto, Ontario, Canada


bout a year, max, but I expect I'd find a way within a few months to turn it into more.

that and interest, or banking fees...the 1 million would fluctuate..

lil bit of a smartass answer i know big_smile
Jan 27 13 12:34 pm  Link  Quote 
Photographer
KOLMANS STUDIOS
Posts: 392
Lüderitz, Karas, Namibia


Think it depends if one is alone,or if there is a woman in your life.Can vary from many years to even only month,s
Jan 27 13 12:36 pm  Link  Quote 
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Photographer
-JAY-
Posts: 6,628
Las Vegas, Nevada, US


buy a house: $300,000
Buy a $20k car every 5-8ish years: $100,000

Bills would be like $1500 per month without a mortgage and car payment for a comfortable lifestyle - 30+ years.
Jan 27 13 12:40 pm  Link  Quote 
Photographer
Looknsee Photography
Posts: 21,528
Portland, Oregon, US


billy badfinger wrote:
This game assumes NO additional income...NONE.
Not even interest and investing the $1mil is NOT allowed.
Ready???...Go!!!

Personally...I think I could go about 16-18 years!

That part doesn't make sense to me.  Whatcha gonna do -- put the cash under a mattress?  Even basic savings accounts earn interest.

What about taxes?  How much of that $1,000,000 goes to the government?

So, if I can't invest it, and it can't earn interest, what's left?
...  I could pay off my mortgages, running my loan to value down to zero.
...  I suppose I could buy more real estate, but does that count as investing?

I just find this very confusing.  But since I am comfortable, and assuming I have $1,000,000 after all taxes were paid...
...  I'd pay off the mortgages.
...  I'd possibly get a few toys.
...  I'd like to pick up another property (if that's not "investing").
...  I'd dump whatever is left on some worthy local charities.

So, $1,000,000 will last me probably 4 months, because I am already comfortable & pretty secure, and I don't need it all that much.  I'd make sure that those who need it more than I do get a good chunk of it.


But IMHO, anyone who replied with a time frame of more than one year is a fool if they don't invest it or earn interest off it.

Jan 27 13 12:41 pm  Link  Quote 
Photographer
MNM
Posts: 108
Los Angeles, California, US


Cash?

About a week.
Jan 27 13 12:42 pm  Link  Quote 
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Photographer
-JAY-
Posts: 6,628
Las Vegas, Nevada, US


Looknsee Photography wrote:
So, $1,000,000 will last me probably 4 months, because I am already comfortable & pretty secure, and I don't need it all that much.  I'd make sure that those who need it more than I do get a good chunk of it.

No additional income - what are you going to eat for the rest of your life?

Jan 27 13 12:47 pm  Link  Quote 
Photographer
Yan Tan Tethera
Posts: 4,183
Biggleswade, England, United Kingdom


Russian Katarina wrote:

I've lived on a hundred bucks a month, so if push comes to shove it could last me 800 years. wink

Since my average life expectancy is about 50 more years though, put in a safety margin and I'd ration it to last 60 years.

Me too.

It's an interesting question.

The value of stuff changes all through our lives.

Twelve years ago I was on the edge of nothing living in a disused factory. You couldn't get any lower.

Today I could earn £1,000,000 in the next twelve years on my current earnings.

But I could be dead well before that time. Do the best you can.


Guys, live for the moment.

Jan 27 13 12:52 pm  Link  Quote 
Photographer
Raoul Isidro Images
Posts: 6,247
Sydney, New South Wales, Australia


There is only so much you can buy for yourself that have no return whatsoever.

Most other goods will generate return whether you like it or not.

I would acquire a very big farm.

The plantation products would be secret.

The operation would not be illegal of course.

It would produce great income. (can't help it...)

It would last many decades and generations.

http://multiplestreamsofincome.net/Money%20Growing%20On%20Tree.jpg

.
Jan 27 13 01:05 pm  Link  Quote 
Photographer
Peter Claver
Posts: 26,657
Toronto, Ontario, Canada


Hmm..

House is paid for.
Car is paid for.

Monthly expenses (food, gas, utilities, property taxes, insurance, fun money etc) is something on the order of a couple grand a month.  With regular travel call it 5 grand a month.

So.. about 17 years on 1 million in cash at that spending level.
Jan 27 13 01:09 pm  Link  Quote 
Photographer
deletedxxx
Posts: 149
Melbourne, Victoria, Australia


billy badfinger wrote:
This game assumes NO additional income...NONE.
Not even interest and investing the $1mil is NOT allowed.
Ready???...Go!!!

Personally...I think I could go about 16-18 years!

Without knowing why society has been turned upside down so that it's not possible to generate any income, not even a business (!) and not knowing if this wierd new world demands taxes, or how much the cost of living will rise and all the rest it's a bit hard, but assuming there was some sort of holocaust that wiped out banks and businesses and people still behaved in a civilised manner I would use that money to create a self sustaining system- house with solar power and land with a river or a well, so you can grow your own produce. Sheep to make clothes from, horses for transport.
On that basis I figure I could go forever because I'd probably attract people who see my wisdom and want to join, i could select the strongets and most attractive who would toil and tend to the land and all the minions could do the work while I drink wine and frolick with my 10 husbands  and.........oh, I got carried away there.

Jan 27 13 01:44 pm  Link  Quote 
Photographer
Becks
Posts: 31,793
Rochester, New York, US


My uncle James is a professional builder, so I'd pay him cash and get a beautiful, old craftsman bungalow style house with hardwood floors throughout and a couple of hidden doors in the floor and secret passageways. Probably something around 3k sq ft. Plenty for a family. I'd buy it for around $140k and completely restore it for another $55k-- paying half of the labor that one would normally bc of my uncle, plus using his discounts (nice, new houses at 2,500-3k sq ft go from $150-250k here, depending on the level of fancy, and you can easily buy up a huge ramshackle home with loads of potential on the CHEAP).

So I'd have about $805k left over after that. I'd spend $150k on techy stuff like an 80inch smart hdtv, two top of the line IPS monitors for photoshop, a nice studio lighting kit, and several lenses. So I'd have $705k. I'd give my mom $100,000 to do with whatever she pleases, because hello, she's my MOM. I'd take $300,000 and put it towards my future offsprings' college education, use $35,000 on a car of undetermined brand with all the bells and whistles, put $10,000 aside just for vehicle maintenance, and then squirrel away the rest in a high interest savings account for emergency scenarios.

*shrug* fuck the "no work/investment" rule. On what planet would that even be applicable?? Silly.
Jan 27 13 02:02 pm  Link  Quote 
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