As a corollary to this topic...do you know the difference between a Million and a Billion dollars?

If you spend $1.00 per second, 24 hours per day One Million dollars will be gone in 11.57 days, flat broke.

If you spend $1.00 per second, 24 hours per day One Billion dollars will last 31.71 YEARS!

So I guess one million dollars will last as long as your budget allows, but a billion is better.

3 days.

Presuming Federal, State and City (New York City) taxes would eat up about half. so I'm down to roughly $500,000 right off the bat.  Then, of course, you're taking away my Social Security, Pensions and Investments (pitifully small though they are) and the income from my house which not only pays the bills but throws off a small profit, so I'd have to find and pay for a place to live.  I guess I'd have to let my daughter take the house over to be within your guidelines.

Couldn't do that in New York but let's assume that I'd move to New Orleans, which I've been itching to do anyway.  I could buy a nice little 2 bedroom creole cottage, about the same size as my present apartment and in good shape for about  $150,000 in Gentilly Terrace, pretty nice neighborhood and about as convenient as my present house in the Bronx, so it would be just about an even swap, but now I'm down to $350,000.

Then figuring expenses to be maybe 20% less (less for heat and RE taxes, more for air conditioning and transportation, etc. and also assuming that I'd have to stop travelling (since I'd lose my income from acting and vacation sublets in order to stay within your guidelines) that would leave me spending about $48,000 a year to maintain my present lifestyle with the aforementioned adjustments. 

That $350,000 would last me roughly 7.5 years.  Trouble is that my doctors tell me that with my new pacemaker I have a 90% chance of living another 10 years, which means that I would be living in abject poverty for 2.5 years before kicking the bucket.  Whereas without your generosity, I could maintain my lifestyle unti I die and still have something left to leave to my family!

KEEP YOUR DAMNED MILLION BUCKS, CHEAPSKATE!!!!

Oh man, that would be ONE hellava year!

so 1 million after taxes?

so 10,000 for a used prius
and 150,000 for a loft in downtown LA
http://www.laloftblog.idxco.com/idx/117 … =S12039461


now monthly costs-
electricity, gas- $125 per month
condo dues (includes water and trash)- $200 per month
cell phone- $150 per month
cable tv and internet- $200 per month
groceries- $400 per month
allowance (clothing, movies, restaurant)- $400 per month
gas- $200 per month
insurance (house and car) $200 per month
health insurance and life insurance- $200 per month

total of $1875 per monthx12= $22,500 per year

yearly costs- equipment upgrades, replacing worn out stuff $6,000-$10,000 per year

percentage of cost for new used car every ten years- $1,000 per year

2 weeks vacation at $2000 for two weeks (might break even if I sublet my loft)

so at a maximum of $35,500 per year

23.66 years to live nicely, and not work at all

My first million paid for a house, a car n 3 fully paid up college kids..

My second will buy me happiness.. should I live that long!

My third will buy my kids some smiles n a container of milk.