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Old 10-19-2018, 08:21 PM  
bronco67
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Join Date: Dec 2006
Posts: 29,032
Quote:
Originally Posted by MFCT View Post
Let's say you win. Let's say you take home $500 mil after taxes and whatnot. Let's say you cash out $5 mil for a spending spree. You buy a house, car, land, marry the love of your life. Out of that $5 mil, you should still have more than enough cash to live on for a year.

So that leaves you with $495 mil. You could put that into 12 month CDs. At the current interest rates, you'd be earning about $1.2 million per year out of thin air from interest, or roughly $100k per month.

I don't know about you, but I could live quite comfortably on that. Keep doing that year after year, and you'd never need to touch that $495 mil.

Let's say you just can't manage to spend $100k per month. Fine. Add whatever leftover cash to your $495 mil in CDs and watch the total compound and your yearly interest earnings increase.

I don't know how well this would actually work in the real world. But it seems good on paper.

Good luck to y'all.
marry the love of your life.

You mean the gold digger of your life.
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