and what would you classify as 'stress reduction' money ?
Just imagine ... 800 million
- Thread starter chiller
- Start date
and what would you classify as 'stress reduction' money ?
And wouldn't that be changing your life as it would be a change from 'stressing for money' to 'not stressing for money.'
Stress causes change
No worries. I get what you're saying.
Ability to cover the life expenses to the current lifestyle you're accustomed to. Being able to take a couple vacations per year. Go to the grocery store and not always have to search coupons or find deals. A sudden expense or bill doesn't cripple your financials or plans, and there's enough left over for your natural life to spend the days how you want.
That's how I read it.
edit: I think the term is 'Financial Independence'
do you believe that it would mean that you are 'retired'? or you mean working but no worries ? If you want to remain working for 'stuff' but not have to worry, I'd have to say if your house is paid off and you are working then you should have enough to do what you need to do comfortably, no ?
suzuki2000
Well-known member
anybody purchased a ticket on-line? where? Last week there were media stories endorsing purchasing on-line, this week they are all corrupt....
my co worker bought one online ... she sent me the link (don't have it anymore) and I read through the fine print. A whole wack of things I found out :
- The company was a UK based company but had purchasing stores in multiple countries (including in USA)
- If you won anything over $1000 they would take a 5% cut.
-- so 1.5 billion would be about $75 million (pre tax) cut of your winnings.
- They would then have to transfer it to THERE holding account but it is in UK pounds so they mention on the site they are not responsible for this conversion, so you'd lose 3% ...
- Then if you want to withdraw they convert it back to your home country currency for you (also not responsible for conversions) and you'd lose another 3% ...
** so all told you'd lose 5%+3%+3% = 11% of your total winnings to fees to collect (pre tax about 165 million)
Just money lost on the market but plenty more to be had still if you were to win
I can make all of my monthly bills and I don't have any debts so if for example I knew that my rent was covered and I could put that money toward retirement instead, that would reduce my stress. It wouldn't change my life. Winning a house, not one of the Princess Margaret Lottery pocket mansions but a rather modest home, would do the same. My life would largely continue as it is, with very little change. My future would be secure, and that's a big stress reducer.
So if I was to put a monetary value on it, I would say a few hundred thousand to a million.
I knew a guy that was being muscled out of the company he was part owner of but he was able to rearrange his finances to buy controlling interest.
The take over wannabe came to him next morning asking if he should tender his resignation. "No" was the reply "But I can sleep at night."
@PrivotPilot I could retire on a milly, but 2 would allow for a lil more. Like get the kid's a house each. But like I've said before: 2 mil, my wife and I can retire...1 mil? Well, she'll still have to work! ? (what? I buy the tickets! )
Sent from a Samsung Galaxy far, far away using Tapatalk
Sent from a Samsung Galaxy far, far away using Tapatalk
Riceburner
Well-known member
Not sure I'd ever buy my kids houses, outright at least. A big fat downpayment (perhaps even 50%) on a *nice* house, sure, but I want my kids to know what it's like to grow up with responsibilities, bills to pay, long term financial commitments.
From what I've seen of kids that grow up without any cares in the world because mommy and daddy were loaded, well, many of them, quite often turn out to be maladjusted misfits who think the world owes them something. Think Paris Hilton, etc.
They'd have a trust fund that made their lives comfortable, don't worry, but I'd find some way to tie it to a requirement to continue their education and maintain meaningful employment.
Call me an *** if you want, but having responsibilities in life usually crafts a responsible person that is a benefit to society. Having no responsibilities crafts a "makin it rain in da club!" based on my observations.
How about setting up a fund that pays them a dollar for every dollar they earn?
pay matching, that's an interesting concept! what if you get a girl and she ends up a stripper? you'll be paying a lot of money
With mortgages being so cheap.... That would not be a wise decision IMO. I'd put as little down as possible.
