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General Poker
One million dollar for a living. Is it enough?
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[QUOTE="NoPlace4U, post: 4267179, member: 209333"] It all depends on a few factors: 1-How much do you like to spent every month? If you live frugal ($3,000/month) you can get by but if you like to go out a lot($5,000+/month) it will drain the money a lot faster. 2-Where will you live? If you live in the US you wont have the same quality of life of lets say my country with the same amount of money, here with $2,000/month you can live like a KING and dont worry about much. With that same money on Los Angeles or New York and you would be below poverty line. 3-How old are you and how many years is your life expectancy? If you are lets say 35 and live to 80 thats 45 years that the money has to last, instead if you are 40 and live till 70 thats just 30 years, $36,000 a year for 45 years vs $36,000 a year for 30 years= $1,620,000 vs $1,080,000, thats a huge difference in the money required. 4-You have to take into account inflation, $100 will not have the same buying power 10 years from now, inflation is about 2-3% a year. [/QUOTE]
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One million dollar for a living. Is it enough?
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