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Dream Life? $150 Million?

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Noah Campbell
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Dream Life? $150 Million?  Reply with quote  

I have a question...

Let's say that I'm in the NFL. I'm about to retire after a Hall of Fame-worthy career. I am 36. Over the years of playing I have $150,000,000. I think that's enough to retire with .

So I retire. Now I know most if not all of you are adults, so you can help. Would it be possible to own a house that costs $1,000,000, and in the extremely large basement I do work to make it into mainly one big room down there, the size of a few gymnasiums, and then put book sheles everywhere and display cases, and then collect only one version (North American) of every Nintendo game new and 10 of every system new? Also PS2 possibly. Remember this would contain all handhelds and consoles, from Game and Watch to Wii U.

Also possibly a butler, yardwork service (just to mow the lawn and pull weeds and trim bushes etc. nothing too extreme), and a collection of DVD/Blu Rays/VCR not at all as large but much larger than the average. Plus a small vacation house in Florida, nothing that extreme really, pretty basic.

Also I would have a small collection of cars, probably no more than $1,000,000 invested in the collection.

I would be living in either Rural or Suberban New York if that helps with taxes.

So basically, with that much money could I live like this and never have to work again? If not, what could I/ could not do?

If you need more info just ask.
Post Mon Jul 15, 2013 5:22 pm
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oldguy
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 Reply with quote  

quote:
So basically, with that much money could I live like this and never have to work again?


Oh sure. Your list only adds to about $3,000,000 so you'd have $147,000,000 left. If you invested that at 5% per year, your income would be $7,000,000 every year, that is more than you could spend - plus you would still have the $147,000,000.

quote:
I would be living in either Rural or Suberban New York if that helps with taxes.


But why would you retire in NY? If you like Florida, why not build the Big House there? And the taxes are way lower.
Post Mon Jul 15, 2013 6:08 pm
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coaster
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Instead of dreaming about it, start working on it. If you're 36 and have a middle-class income, it's well within your means to have a net worth well north of $one million when you retire, providing.....

1) you start early enough
2) you stick with it

~Tim~
Post Mon Jul 15, 2013 11:21 pm
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