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-   -   If I had a million dollars. . . (https://britishexpats.com/forum/maple-leaf-98/if-i-had-million-dollars-666431/)

Alan2005 May 2nd 2010 4:50 am

Re: If I had a million dollars. . .
 
I'd buy a shed.

dboy May 2nd 2010 4:52 am

Re: If I had a million dollars. . .
 
.......I wouldn't be able to buy much of a house in vancouver

Alan2005 May 2nd 2010 5:04 am

Re: If I had a million dollars. . .
 

Originally Posted by dboy (Post 8537168)
.......I wouldn't be able to buy much of a house in vancouver

That was my joke....

JonboyE May 2nd 2010 6:15 am

Re: If I had a million dollars. . .
 
I'd be a millionaire.

SAW 04 May 2nd 2010 6:33 am

Re: If I had a million dollars. . .
 
Not sure, all depends on jobs. Got to get out of the Maritimes though!


Originally Posted by Tangram (Post 8536682)
Weren't you heading west not east ?


Almost Canadian May 2nd 2010 6:57 am

Re: If I had a million dollars. . .
 

Originally Posted by SAW 04 (Post 8537372)
Not sure, all depends on jobs. Got to get out of the Maritimes though!

Why? I thought the scenery was fantastic:p

Alan2005 May 2nd 2010 7:03 am

Re: If I had a million dollars. . .
 
Being a millionaire isn't what it used to be. I reckon $10m would buy my retirement, $1m just wouldn't be enough for my expensive tastes.

FlirtyKnickers May 2nd 2010 7:07 am

Re: If I had a million dollars. . .
 

Originally Posted by Alan2005 (Post 8537420)
Being a millionaire isn't what it used to be. I reckon $10m would buy my retirement, $1m just wouldn't be enough for my expensive tastes.

Give it to me then, i'll spend it for ya:)

JonboyE May 2nd 2010 7:13 am

Re: If I had a million dollars. . .
 

Originally Posted by Alan2005 (Post 8537420)
Being a millionaire isn't what it used to be. I reckon $10m would buy my retirement, $1m just wouldn't be enough for my expensive tastes.

At an average return of 3% and drawing $4,000 a month it should last 30 years. Given my age and the number of pies I have eaten it will probably be enough.

Kaye. May 2nd 2010 7:19 am

Re: If I had a million dollars. . .
 

Originally Posted by JonboyE (Post 8537442)
At an average return of 3% and drawing $4,000 a month it should last 30 years. Given my age and the number of pies I have eaten it will probably be enough.

:rofl:

I'd build a mansion.. and hire a cleaner ;)

Alan2005 May 2nd 2010 7:41 am

Re: If I had a million dollars. . .
 

Originally Posted by JonboyE (Post 8537442)
At an average return of 3% and drawing $4,000 a month it should last 30 years. Given my age and the number of pies I have eaten it will probably be enough.

Where you getting 3% from?;)

Besides, there is tax and inflation to take care of. That $4k might sound like it's enough to live on now, but in 20 or 30 years? If you could find a $4k/mo indexed link income from that $1m - then yeah, I could see that.

$10m on the other hand, I could splurge $5m on a house, a couple of hundred on a nice car or two and then use the rest to live lavishly without working. It's not fair that I don't have it.:frown:

Lord Vader May 2nd 2010 7:51 am

Re: If I had a million dollars. . .
 
I would head to Vegas and bet the full million on red 3 times in a row.

JonboyE May 2nd 2010 7:57 am

Re: If I had a million dollars. . .
 

Originally Posted by Alan2005 (Post 8537479)
Where you getting 3% from?;)


http://www.ingdirect.ca/en/save-invest/gics/index.html


Besides, there is tax and inflation to take care of. That $4k might sound like it's enough to live on now, but in 20 or 30 years? If you could find a $4k/mo indexed link income from that $1m - then yeah, I could see that.
For a couple tax is negligible, even if you are too young to qualify for the age amount, and zero by year six if you have no other income. Yes, inflation is a concern but there is an assumption that you spend less as you get older - at least as long as pharmacare is around.

That said $10m would certainly be better.

gary123 May 2nd 2010 8:07 am

Re: If I had a million dollars. . .
 
Dodge viper , with extra grunt !

scottandsel May 2nd 2010 8:09 am

Re: If I had a million dollars. . .
 
keannu reeves in lil leather pants doin me housework :wub:


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