Quote from: ANdr0id on October 31, 2015, 04:13:42 PM

Quote from: jeffthebaker on October 31, 2015, 04:10:10 PM

Quote from: gkv9 on October 31, 2015, 01:50:44 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.

Are you serious at all dude???
If you give me 1 million bucks, I would easily live my whole life king-size and die like the same...
If you think it ain't anything and if you have something bigger to share, why don't you just come ahead and share it with us if it's nothing for you??? Cool

What country do you live in?

In certain parts of the USA, $1 million is actually not too much money. Look at New York City. That 1 mil can by you a small housing unit in the city, which is by no means life changing. However, there are cheaper places where $1,000,000 can buy you a nice house, a car, and pay off all your loans with plenty to spare. Still, certainly not a king-size life and absolutely not enough to discontinue work.

And who would want to live in NYC unless you are high paid executive or own a successful company

It would not be viable to live there if your just an average guy/woman who is working just to get by

are you kidding? NY city is one of the most interesting places to live and 8.4 mil people agree.
Do you think they are all executives?
Bronx, Queens and Brooklyn are where regular folks mostly live, but they might work on Manhattan or Long island.
https://en.wikipedia.org/wiki/Demographics_of_New_York_City
average household income in Brooklyn=$60K, Queens=$67K with average in US $52K. These are not rich people.

I also agree with OP that says that $1mil is serious chunk of money. Financial professionals usually suggest that you can safely use 4% each year without even decreasing principal (due to appreciation). A healthy mix of stocks, bonds, RE and alternatives is needed, though.

If bitcoin will ever pops really high, I intend to use Risto's SSS method as I think that it is quite brilliant:
https://bitcointalk.org/index.php?topic=345065.0
Essentially, you sell out 10% every time BTC doubles from your average buy-in price.