Quote from: cohnhead on October 31, 2015, 01:29:21 PM

Quote from: gentlemand on October 31, 2015, 01:06:32 PM

Quote from: zimmah on October 31, 2015, 12:27:47 PM

Seriously in what 3rd world country do you live that you can get anywhere with less than 1 million dollars?

Even $1,000,000 isn't a lot of money anymore these days.

That's a figure that deserves a little more respect than you're giving it. The majority of people wherever they are will never, ever have access to anywhere near that amount in their entire lives.

In my own first world country that would be enough to buy a modest wee house and 2-3 others to provide a low income.

lol...its not a lot.... just ask the Donald....life wasn't so easy for him. He had to start with only $1,000,000 loan from his dad. That he had to pay back. The horror.
seriously though, 1 million is an astounding amount of money anywhere even in USA. just interest alone on that amount would give you income greater than over 60% of the us population....just the interest.

maybe a decade ago, but right now most banks don't even pay interest anymore, they're just as likely to charge interest.

Even if you earn an average salary in a first world country you're expected to make about $2 million in your lifetime, but most of it will go towards mortgage payment, food, gas, and other necessities, so you won't ever get to save a million.

Sure, a million isn't money most of us have laying around the house, I mean most people struggle getting even 1% of that on the bank and keeping it there. But don't overestimate the value of a million.

Being a millionaire won't allow you to just buy whatever you like and it won't make you rich beyond believe. This is what I am trying to warn you for.

Don't go thinking "I'm a millionaire now, I can buy whatever the hell I want and it won't even make a dent in my bank account" If you do that, it will be gone before you know it.

You'd need far more than 1 million to be able to spend as much as you please without worrying about money.

But, if you handle your money with a bit of care than a million can get you a long way.