-buy a metric ton worth of extacy, viagra, KJ jelly, big box to put it all in and keep it from going stale, and a retirement home. aprox cost $1,000,000
withdrawl and set fire to $26,752 a day, every day, now till I am 80 years old. Cost $498,993,690
with the last $1mill left, pay about 50 playboy bunnies to live with me and the rest of the old people in the retirement home I own, open up my big box and see how long we last!
I thought about putting the loot into the bank, but banks only insure up to 250k and even if you have 50 bank accounts thats not even close to the amount of money youd actually have… investment property is the way to go, its safe, can always sell it and makes you waaayyy more money then a banks interest
dude, the money you get per million on interest is $60k a yr i believe… thats a fucking jookkeee compared to the moeny you can get for 100+ luxury units… harmony mills in cohoes is getting up to $2,500 a month in units, lets just say i rent for like $1,000 a unit… Thats $100k a MONTH in gross profit… Taxes on that investment would prolly be like 100k a yeaar… Your still left with a retarded amount of doe, almost 1.2 million a year… And you let other people handle your property, you just sit back and collect.
I agree on real estate profits netting enough dough to out way the burden of taxes. I was saying the taxes and insurance for 20 million worth of cars and a 3 million house would not be suitable for me. Fuck paying taxes in NY on a 3 million dollar home regardless of how much I was worth, and insurance on 5-10 supercars is unreal regardless of how much I was worth. For me a 400k house would suit me just fine, a house thats 50000 sq/ft and rooms I would never go in do not interest me.
I would buy an Agera R for my hypercar and thats it. Would buy a V10 R8 and put the UGR TT on it. My garage would have a built in dyno with 3-4 lifts.