on the coli 1.5 mill is chump change 
31 Coworkers split 47 Mill lottery
- Thread starter Turk
- Start date
knickscity
Superstar
Are people seriously saying 1 million dollars is nothing?
philmonroe
Superstar
To some people it is but being realistic we going to need proof of that online. It just is what it is and I understand that.on the coli 1.5 mill is chump change
so 1.5 million dollars in cash wouldn't be life changing to you?
thecoli dot com
dora_da_destroyer
Master Baker
no...my life would be the same next week as it is today except my student loans and mortgage would be paid off (possibly...not in a rush since my tenants cover it
) and i'd have more in long term investment/retirement fund. i couldn't buy the home i want out here, let alone cop multiple residences (a life dream), wipe out debt, upgrade my lifestyle, and live my ideal life with $1.5 million. that would add comfort, more so in the long term. but "life changing" - to me - is transformational. $1.5M is not that.Would be for me. Does it mean I stop working? No. But I'd be able to double that money in 5 years.
no...my life would be the same next week as it is today except my student loans and mortgage would be paid off (possibly...not in a rush since my tenants cover it
no...my life would be the same next week as it is today except my student loans and mortgage would be paid off (possibly...not in a rush since my tenants cover it
Just get out of Cali and move to Texas.
You Win Perfect
bow down
thats how my office does it. we have a printed out paper with all of our names and the amount we contributed, date,etc
R.E.N. Spells Ren
Veteran
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
It's certainly life changing money, but I get and agree with the gist of what you're saying.
It's not "Quit your job, and spend the rest of your days living the life of Riley" money.
no...my life would be the same next week as it is today except my student loans and mortgage would be paid off (possibly...not in a rush since my tenants cover it
Those are life changing things brehette
Take it from me, I've been blessed with one of them (got scholarships through undergrad and grad, so no student debt), and I look at where I am compared to my peers who graduated in the hole....the lives are unquestionably changed. That's why everyone's jumping down your throat. Not having to pay those two bills results in THOUSANDS of dollars extra in your pocket each month. Imagine how much more stuff you could buy or more investments you could make in or more money you could save (dramatically changing your retirement trajectory) with those extra funds.
(P.S. You're right about the mortgage....you could probably refi into a rate that would make it more advantageous to keep the mortgage rather than paying it off, but that's a topic for another thread)
dora_da_destroyer
Master Baker
Just move doesn't make this life changing. And Texas is not some place I want to live, so basically I got "life changing" money that sends me to a place I have no desire to live in along with having no family and friends in Texas.
Furthermore I'd be making less with the same about of bills, how is this an upgrade? Or do I spend all the money paying all my bills and for a new house in Texas which puts me back at square one - having to work everyday
29 will be broke in 2 years
dora_da_destroyer
Master Baker
It's not. Driving will respond laterIt's certainly life changing money, but I get and agree with the gist of what you're saying.
It's not "Quit your job, and spend the rest of your days living the life of Riley" money.
Those are life changing things brehette
Take it from me, I've been blessed with one of them (got scholarships through undergrad and grad, so no student debt), and I look at where I am compared to my peers who graduated in the hole....the lives are unquestionably changed. That's why everyone's jumping down your throat. Not having to pay those two bills results in THOUSANDS of dollars extra in your pocket each month. Imagine how much more stuff you could buy or more investments you could make in or more money you could save (dramatically changing your retirement trajectory) with those extra funds.
(P.S. You're right about the mortgage....you could probably refi into a rate that would make it more advantageous to keep the mortgage rather than paying it off, but that's a topic for another thread)