- Thread starter
- #31
Loved it!! Yes, I 100% agree!!!!$10,000,000 sitting in a bank account at 5% (yes, it's possible) = $10,000 p/wk for the rest of your life. With $10,000 a week as a fixed income I think I could easily do "whatever I want" unless I want to start owning islands, countries or planets. Even after tax (if you put zero effort into tax minimisation) that's still $5,000 a week forever - no matter what. That would place you well into the top 1% of the top 1% of wage earners on earth and well above most traditional business owners. It would allow me to travel the world in first class forever. I could easily live in many 5 star resorts around the world. Of course I'd be living like royalty in every country and probably in every city as well.You could spend $20,000 a month on rent and still have $30,000 a month to blow on fun and luxuries. And if you ever lost or spent all your money on hand you'd only have to starve until Friday to get another $10,000 top up for the next week - to see you through your difficult time.
There's very little you could not do on this earth with $10,000 a week flooding into your life. Of course you'd have it placed into a trust so that when you die it continues producing $10,000 a week for your children and their children. $10,000,000 would make you the financial hero of your family and for generations to come. There'll be portraits of you hanging on walls and people will point to you and utter contrafibularities in hushed tones for eons to come.
Perspective, clarity, appreciation and a calculator can go a long long way.
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