Just an interesting thought from a conversation with friends. . Which would you rather : 1. Get 2 Million dollars at age 20 2. Get 10 Million dollars at age 30 3. Get 50 Million dollars at age 50 4. Get a Billion Dollars at age 65 I thought about this and I think 10 million at 30 would work best If I got 2 million at 20 .. . . I dunno if I would have anything at age 25 The thing is .. . to think of this as you were then not as you are now or how you think you will be . . .. . (This is assuming that you will live to these ages in relatively decent health) Rocket River It's the summer. . . people suppose to be bored
I'm not sure if you can retire at 20, with 2 million dollars; for me, I know I can retire at 30 with 10 million. It all depends on one's lifestyle, though. Some people want a spouse and 3 kids; some people want to be single forever. Some people want the biggest houses and fancy cars to drive every 5 years; some people don't.
When you say "get" what do you mean? Reach that amount at that age or pretend somebody gives it to you at that age? If you mean the former, I'd say it's between 2 and 3, and I'm leaning towards 2.
I went 2, but 3 would be tempting. $50M is enough money to handle all of my wants, while $10M, at least with another 50 years to live would not be. Still $10M would be enough to live on for the rest of my life living my current lifestyle.
You could put the $10MM in a savings account and make ~$100K/yr. Put it into low risk investments, and make even more than that.
Exactly im off the mindset that your 20s should be spent maturing and finding your relevance in the world. Lord knows what i would be doing if i feel bored, confused, and lonely at 21 with millions of dollars in my account. Too many escorts lol jk
I worry about that myself I think it is esp interesting to see these kids in the Summer Leagues Who have millions coming in When I sit and really think about it . .. I can easily see how some players go broke I try to think of a 20 yr old me telling all around me NO NO NO NO 30 yr old me would not have any problems with it .. . . . Rocket River
I wouldn't ask for much to be 20 again, assuming tuition and off-campus housing's paid, I don't have to ride Metro and most importantly it's the late '90s.
Can there be a option 400 Million at age 55? Folks should know the more sports you do and healthy you live, 55 and 60 are not a problem. Men spend their money differently than women. I am not a big spender. So probably would invest more and not go after sports cars, different women, luxury stuff.
I went with 3. I'm in pretty good shape and think I can stay pretty darned active into my late 60's, getting $50M at 50 means I retire on the spot and can actively travel and enjoy myself without any worry. I'd spend my spring and early summer months in Florida or New England on a chartered yacht sailing the waters.
