How long would 80-Million dollars last YOU?

**Sharp** · Nov 8th, 2011, 07:33 PM

I am glad that I learn my lessons when I am still poor. I think a financial literacy niche for children is a great area and schools do not teach practical life lessons. The mistakes I made and the money I lost can be made back in a few months of fast food work, but the money that athlete lost can never be made elsewhere because his sport is the only way he knows how to earn money. Once that is gone, he is done. There is a reason why David Beckham insured his legs.

**paradigm** · Dec 31st, 2011, 09:26 PM

I think that 80 million would last me about 4 lifetimes. Yes, that's probably naive-sounding to many, but the truth of the matter is , even when I had money, I did not require a lot to live. Life is far to unpredictable, to spend foolishly. :/

**Trevor Kuntz** · Feb 7th, 2012, 04:33 PM

I suppose it depends on how many times you get divorced

**InMotion** · Feb 7th, 2012, 09:12 PM

Until hell froze over or until I need some more lead in the pencil....wait I could solve that even.

**buckmajor** · Feb 7th, 2012, 10:56 PM

The 'Mo' money, the 'Mo' problems

. Surely, at least half of his funds would of been spent throughout his NBA career. Leaving him a lot less the $6o mil.

How about the bank interest is that good to use? My bank offers 5% per annum. Come to think of it. Why would the bank pay you money e.g. $8500 (Bank account) for 3.25% (interest) and pay you $276.25 for the year?

**Darkside** · Feb 17th, 2012, 12:19 AM

Originally Posted by Chrono4001

Isn't Nicholas Cage on the same boat despite making 20 million a film? I am just astonished at how anyone can just blow their near hectomillionaire wealth.

I think he lost his wealth on gambling, which is how many professional athletes lose their wealth as well. It's one thing to make a small sports bet among your friends, but any wealthy person who regularly goes to casinos is just throwing money away. The house always wins because the odds are stacked against you. So, you might get a few wins early on and think that you're on a roll but by the end of the night, they've not only gotten their money back, but a lot more of your money as well.

**Darkside** · Feb 17th, 2012, 12:22 AM

Originally Posted by paradigm

I think that 80 million would last me about 4 lifetimes. Yes, that's probably naive-sounding to many, but the truth of the matter is , even when I had money, I did not require a lot to live. Life is far to unpredictable, to spend foolishly. :/

I think 4 lifetimes makes sense. So, divided 4 ways, that would mean 20 million for each lifetime. You could buy a nice house for $1-$5 million, use $5 to pay off your property taxes and any other expenses that come up through your life like buying cars, jewelry, etc., and use the remaining $10 million to invest so that you can grow it. The only way that you'd run out of money is if you wanted to buy yachts and other expensive toys; multiple houses, etc.