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31 Coworkers split 47 Mill lottery
- Thread starter Turk
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R.E.N. Spells Ren
Veteran
Ok I'll await you trying to explain how having thousands of dollars more each month to spend won't change the life of someone who likes spending (more, better, vacations, eating out, partying, clothes, etc.)
Or how instantly adding $900k (or $1.5M in untaxed Canada) to one's savings won't have a monumentally positive effect on their retirement trajectory...allowing them to retire much earlier or to retire with much more money....or both.
Or how having $900k/$1.5M in cash doesn't drastically effect their investment possibilities (word to dumbed down Hov and the building he could've bought in DUMBO
)
dora_da_destroyer
Master Baker
I was going to write out a long reply but I won't. First, I said it's a good amount for investing/retirement I my first reply.Ok I'll await you trying to explain how having thousands of dollars more each month to spend won't change the life of someone who likes spending (more, better, vacations, eating out, partying, clothes, etc.)
Or how instantly adding $900k (or $1.5M in untaxed Canada) to one's savings won't have a monumentally positive effect on their retirement trajectory...allowing them to retire much earlier or to retire with much more money....or both.
Or how having $900k/$1.5M in cash doesn't drastically effect their investment possibilities (word to dumbed down Hov and the building he could've bought in DUMBO
Secondly, I already said what life changing means to me - transformational. As in it changes my life tomorrow and here on out - this doesn't. It doesn't even move me into the next "lifestyle rung" - I'm not even trying to be on some bezos/gates shyt. Just move completely into the next bracket.
Lastly, let me just show you how this 1.5 (won't even use the ~900 it would be here in the states/CA) goes - for me. Either pay off my mortgage (not selling my building - it's an investment prop) and loans, then have ~700 to put toward buying a house out here, which will run me $1-2M, end up stuck with a mortgage and still have to work the same caliber of job I have now to meet my life goals. Or cop a crib cash, have zero left and still need to work my day to day to live my existing lifestyle/life trajectory.
Like I said, this is a nice sum for long term value (even the cash it frees up now would need a couple years at least to get to the levels I need it to buy more properties - my preferred investments) but it's a sum I'd have to play smart or be responsible with to get the best value, it's not life changing to me. It would make me more comfortable within the rung I'm in. Now if that's what you want to use as the barometer for life changing, then fine - I've said that to other posters. But 900k-1.5M doesn't transform my life.
A big house in the Dallas or Houston Metro area cost around 200k TOPS.
THAT LEAVES YOU ROUGHLY 700K (or in this case, 1.35 million left over in Canada tax free lotto terms) to invest. That is more than enough to live off on, in numerous investments. Do it intelligently, you can have 2 cars, a mortgage paid off, and not have a 9-5 again.
R.E.N. Spells Ren
Veteran
Let's just use retirement...how is adding 900k/1.5M to one's retirement funds not changing their lives?
Do you really not see how that drastically changes when they could retire and how much they could retire with? Especially for us folks in our 30s and lower.
You keep trying to downplay it, but there's no logical way to do that. Winning $9k or $15k is a ripple in a pond, winning $900k/$1.5M affects the trajectory of the river of one's life.
Definitely life-changing for the average blue-collar worker.hmm, that's 1.5 US, est. losing 35-40% to taxes, 900k. Nice investment/retirement change to sit on but not life changing money. Good enough tho for just throwing a few dollars in an office pool each month tho
That's over a decade of salary for each of them.
"Naw see, I bought THIS ticket with my own money. These are the ones that WE bought..."
theoretic
All Star
900k?
If you want to be broke in Cali and have over an actual million dollars and still have to work stressful professions, that aint living.
dora_da_destroyer
Master Baker
breh, we clearly have different definitions of life changing. That windfall for retirement changes nothing about my today. Life changing, to me, as I've stated more than twice, affects my whole financial situation from tomorrow onward. This amount sets me up for an either or situation. I'd love to stash that in the long term portfolio, but as I've said, it won't change my today, not even my in 10 years.Let's just use retirement...how is adding 900k/1.5M to one's retirement funds not changing their lives?
Do you really not see how that drastically changes when they could retire and how much they could retire with? Especially for us folks in our 30s and lower.
You keep trying to downplay it, but there's no logical way to do that. Winning $9k or $15k is a ripple in a pond, winning $900k/$1.5M affects the trajectory of the river of one's life.
i don't know how many times I have to post this - if its life changing to you...or someone else, cool.
You living in the most expensive city in the United States doesn't mean that $900,000 isn't life changing.
It just means you need to leave San Francisco.
With $900,000 you'd be balling hard in Atlanta, Dallas, Houston, Chicago or North Carolina/Virginia.
dora_da_destroyer
Master Baker
That's your dream, 200k is a cookie cutter subdivision house in Texas. 2500 sq ft, builder grade material etc. nothing wrong with that, but I could literally go purchase that tomorrow, so again, if that's what I'm getting with this money, it's not life hanging.
And I've seen the houses I would want in Texas, they still hit for 700k-1M. Stop applying your idea of a good life to others.