Remember when you were a kid and would play the game of, "what would you do if you had a million dollars?!?!?!", and all the crazy and cool exciting things you thought of. Exotic cars/motorcycles. Huge houses. Travel around the world. Having your own zoo and aquarium (with sharks). Never cleaning or doing chores again.
Then you age and that game isn't nearly as fun. You become practical. Rational. Playing the game today this is how it works out for me:
$1,000,000!! Woo hoo!! Let's spend it, oh wait.......
Taxes 40%. So now I'm down to $600,000.
I pay tithes to my church of 10%, so now $540,000.
Debts. Let me just list all of these and then add them up:
Student loan-$23,000
Child support-$10,000
Credit card-$2,000
Mini Cooper S-$10,000 for a total of $45,000.
Leaves me with $395,000. Wow, that's really a lot of money! Oh wait..... Guess what I didn't list in my debts? Yep, the house. Which is more than the roughly $400,000 I have left. Much more.
So even if I did win a million dollars I'd still owe money. That's really kinda depressing.
(this picture reminds me of all the times in Iraq I heard about pallets of cash going missing)
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I'd buy a modest house and invest the rest. As I only have maybe 2K in debt right now.
ReplyDeleteHowever, a million dollars would have gotten us a lot farther back in the day. I totally would have a shark tank.