How long would 80-Million dollars last YOU?

[Kak]

Bud lights for 10 bucks? WTH?
I can get a damn 6 pack for 7.99.

Sent from my SAMSUNG-SGH-I997 using Tapatalk

 

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[buckmajor]

Not long if you're nightly bill is like this one.

View attachment 2627

Is that a real docket or did you create your own docket?? What the hell is a 'VUEVE YE 15L' 100000. Is that total in U.S dollars (must be if its in Las Vegas)? I guess that's how the big dogs roll eh. My bill is similar just that you have to move the dot over to the left in between the 9 and 3 ($189.37) yep that sound about right.

 

[Finance]

It would take me about two weeks to structure everything, but I could invest it at a 6% annualized rate of return while deferring the taxes.

 

[911Carrera]

Not long if you're nightly bill is like this one.

WTF man. Some people are nuts.

Most athletes don't use their brain very much. Most entertainment celebrities don't but it's worse for athletes because their earning power disappears by the age of 40 so their mistakes have worse consequences.

 

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[wade1mil]

He could always move back in with his mom

 

[Adam_C]

Is that the Bellagio? Yeah, $80 million on black.

Hello $160 million.

 

[Sharp]

Hey, hookers and cocaine can be expensive. Just look at Charlie Sheen. He had to make back more money cause he was going broke.

 

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[BeachBoy]

who the heck drank the pellegrino?????

 

[easymoney99]

I think I'm going to get into the luxury items for athletes niche LOL

 

[Sharp]

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.

 

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[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. :/

 

[Trevor Kuntz]

I suppose it depends on how many times you get divorced

 

[InMotion]

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

 

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[buckmajor]

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]

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]

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.

 

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[Generic_Username]

Easily a lifetime unless I live to 180: even if you stuck it in some checking account earning nothing, I'm pretty sure I wouldn't even go close to broke on 500k a year (160 years).

 

[Tommo]

Ten minutes. You don't know my wife

 

[minivanman]

We spend about $130,000 a year so, quite awhile. If we really tried we could probably spend $150,000 but as it is now, we buy all the junk we want so it might be hard to get up to $150,000 for us.

 

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