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Post by rookie on Sept 18, 2010 11:38:23 GMT -5
I've given this a lot of thought. I would take half of it and put it into three trust funds for my children. I'd invest most of the rest in whatever my wife feels comfortable. Then I'd take no more than 10 mil and probably kill myself.
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Post by tiado on Sept 18, 2010 13:24:40 GMT -5
I would certainly be happy with making $75,000/year, it would allow for me to be able to live comfortably, while at the same time giving me enough left over to invest. Though I haven't yet thought about what would be a sound investment for that extra money, but I would certainly put away a portion of that $75,000/year so it can collect interest and grow.
I personally wouldn't need much of that kind of money, I would likely invest and donate it.
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Post by MaybeNever on Sept 18, 2010 16:57:51 GMT -5
I'd be happy making $20,000/year.
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Post by priestling on Sept 18, 2010 21:03:18 GMT -5
I'd be more than happy with 50 K... As it is, I'm pulling about 32,500... not bad for a new machinist at $10 an hour...
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Post by MaybeNever on Sept 18, 2010 22:07:11 GMT -5
I'd be more than happy with 50 K... As it is, I'm pulling about 32,500... not bad for a new machinist at $10 an hour... Other than the 60-70 hour weeks.
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Post by gyeonghwa on Sept 18, 2010 22:21:52 GMT -5
Honestly, I'd be happy making any amount of money at this point. I hate being a broke college student.
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Post by faythofdragons on Sept 19, 2010 14:04:03 GMT -5
And if I had a million dollars, I'd buy you a monkey; haven't you always wanted a monkey?
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Post by The_L on Sept 19, 2010 20:36:28 GMT -5
And if I had a million dollars, I'd buy you a monkey; haven't you always wanted a monkey? I'd buy you a green dress--but not a real green dress; that's cruel.
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Post by priestling on Sept 23, 2010 21:04:43 GMT -5
@ Maybe: Actually, we're working 40 hour weeks, and OT is voluntary.
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Post by musicalbookworm on Sept 24, 2010 16:08:52 GMT -5
It's no surprise that money makes you happy up to a point. When my credit card balances got too high for my taste, I consolidated and then did some sou searching. I realized I was over spending because I was unhappy in my current job situation for a lot of reasons. The salary was one of the reasons. Even for a librarian, making less than $36k with two masters degrees and six years of professional experience is below average. Knowing that I have no job security and the salary will not increase over time was also a major bummer. So now, I am doing something about the real problem and looking for a job away from here. Salary is a factor in considering new jobs. I know that I need at least $40k/year to get the things that make me happy and meet long term goals like paying off my student loans and buying a house--especially if I remain single. I notice that the people who say money doesn't matter generally have plenty of it.
As for what I would do with $1B. Pay off student loans and mortgage. Find a job that makes me happy and buy a house there. Tear down my house here and build an ultra-cool and energy efficient house and rent it to non-tenure track faculty for a very reasonable rent. Set up a trust fund for myself, so I don't have to work if I burn out. Buy my parents their dream RV and lavish gifts for family and friends. Donate to various arts and animal causes.
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