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im 21 years old... 2 million woul dnot get me far at all... taxes, a house, cars, a wife n kids.... I would say 10 years and its gone and where the **** can you invest at 10% a year lemme know asap
im 21 years old... 2 million woul dnot get me far at all... taxes, a house, cars, a wife n kids.... I would say 10 years and its gone and where the **** can you invest at 10% a year lemme know asap
i may know a certain someone, who may or may not be looking for an invester on a certain biz. adventure, that may or may not pull 10% a yr...why?, you got 2mil. laying around? lol
HE WHO MAKES A BEAST OF HIMSELF, GET'S RID OF THE PAIN OF BEING A MAN!!
I live pretty meagerly so YES I could do it with no problem.
Simply pay the house off, wifes student loans, and minimal credit and stash the rest in an interest accruing account. Work for one year and then start to collect on the interest.
I would be able toget by on far less than what the interest would be. But again I try to live a very plain lifestyle.
That and I would still tinker in the garage/shop and that brings in extra spending cash anyway.
Most likely I would spend a little more time doing that and even make some extra money to pay for utility bills in the house, etc.
Now my wife could go through it in a year and a half!
So I would have to get rid of her first - - minor detail.
nothing is gauranteed...but the average return in the history of the stock market is around 11%..in 12 years my 401k has averagedaround 12%...plus with 2 million, yu would be able to venture ino hedge funds which could yield a very high return
If you can find me a guaranteed 10% account, let me know. However, you are correct. If you live normally, you can get 5% interest in a money market, which is $100,000 a year. Some people can do that. I know I would!
I would pay off ALL of my debt, with both houses, cars, credit cards is about $275k. That would leave me $1,725,000. I would then buy five 4-plex properties. The average 4-plex goes for $250k, so that's $1,250,000 which still leaves me $475,000 in the bank. The average 4-plex rent is $600 to $650 per unit, but let's stay with $600. That's $600 times 20 units which is $12,000 per month. Now, the vacancy rate is about 8%, but let's say it's 10%, hell, let's say 15% to be safe. That would be $10,200 in average monthly income.
So, I have $475,000 in the bank, no debt and $10,200 a month coming in every month, and that's on the safe side. Now, here's the real kicker.....that $1,250,000 in property I have will double in 15 years with our appreciation, and then double again in another 15 years. So, in 30 years, I would have $5,000,000 in just in rental property value, plus whatever the rental income is at that time, which will be higher of course and I would have my two properties I have already that would have doubled twice as well. Oh, and the $475,000 could be used to make repairs on those properties over the years without dipping into the monthly rental income.
So, as you can see, I would not only be able to live a very good life, but I would more than doubled the initial value of the original $2,000,000. So, yeah, I could quit my job and never have to work again and have more money at the end than I did in the begining.
Personally i would live off the interest it doesnt cost much to live out here in the cornfields of Illinois.
Tman and his real estate post was dead on though. 50yrs ago my family bought a cpl hundred acres of farm ground on the edge of our small town. They just sold half of they got more per acre then they paid for the whole lot of it. Did i mention i am no longer worried about retirement?
Where's my 2 million ? Sure be smart about it alot of people make mistakes when winning the lotto and there are some broke stories cause they did not know how to spend money wisely ,they go out and splurge cars,houses,party,strippers,etc
"Workout each rep till I drop the uglyiest , meanest face"
I would pay off ALL of my debt, with both houses, cars, credit cards is about $275k. That would leave me $1,725,000. I would then buy five 4-plex properties. The average 4-plex goes for $250k, so that's $1,250,000 which still leaves me $475,000 in the bank. The average 4-plex rent is $600 to $650 per unit, but let's stay with $600. That's $600 times 20 units which is $12,000 per month. Now, the vacancy rate is about 8%, but let's say it's 10%, hell, let's say 15% to be safe. That would be $10,200 in average monthly income.
So, I have $475,000 in the bank, no debt and $10,200 a month coming in every month, and that's on the safe side. Now, here's the real kicker.....that $1,250,000 in property I have will double in 15 years with our appreciation, and then double again in another 15 years. So, in 30 years, I would have $5,000,000 in just in rental property value, plus whatever the rental income is at that time, which will be higher of course and I would have my two properties I have already that would have doubled twice as well. Oh, and the $475,000 could be used to make repairs on those properties over the years without dipping into the monthly rental income.
So, as you can see, I would not only be able to live a very good life, but I would more than doubled the initial value of the original $2,000,000. So, yeah, I could quit my job and never have to work again and have more money at the end than I did in the begining.
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and where the **** can you invest at 10% a year lemme know asap 
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