What's up everyone. We are doing a contest with T.I. and we are giving away $1200 a day for the next 10 days. Just wanted to give you all a heads up.
https://www.allhiphop.com/ti

A Million Dollars ain't what I thought it was...

Maalik
Maalik Members Posts: 3,629 ✭✭✭✭✭
edited February 2011 in For The Grown & Sexy
Before I start......I dont have 10 grand.....so I really can't talk. But I also in college so....watever


But, growing up, I used to think being a Millionaire was some exclusive feat. It is...but, I thought it was a shitload of money that only a few people could attain. Now I think about it....if you REALLY handled your career right, you should have that much by retirement. 🤬 blows my mind now. If two Corporate Lawyers, C-Level execs, Doctors, Dentists, High-level Engineers, Consultants, Investment Bankers, Psychiatrists got married, assuming they lived relatively frugal, put their money in high interest accounts & diversified portfolios, they could hit a million in 7-10 years.


That old ass 🤬 6 cubicles over could have $600,000 & you'd never know
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Comments

  • American.Loo
    American.Loo Members Posts: 4,082 ✭✭✭
    edited February 2011
    show us the math, son.
  • Maalik
    Maalik Members Posts: 3,629 ✭✭✭✭✭
    edited February 2011
    show us the math, son.

    U.S. Average Salaries for Corporate Lawyers by Year Trajectory

    First 160,000
    Second 170,000
    Third 185,000
    Fourth 210,000
    Fifth 230,000
    Sixth 250,000
    Seventh 270,000
    Eighth 280,000


    Assuming two lawyers got married, after six years, they'd be sitting on 2.4 Million combined. Uncle Sam needs his. If they stayed up to date, they would have 1.35 Million combined by the six year mark. If the couple lived off of 50k to 60k a year for 6 years (300k), instead of balling out of control, they'd be sitting on a Million without even accounting for the annual return on interest or any gain in dividends.
  • KTULU IS BACK
    KTULU IS BACK Banned Users Posts: 6,617 ✭✭
    edited February 2011
    what you have in life is not good enough, citizen

    consume more

    consume more

    obey

    obey
  • dalyricalbandit
    dalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Members, Moderators Posts: 67,918 Regulator
    edited February 2011
    my dude came here with the works and all i aint never thought of it like that tho good looks
  • Koko888
    Koko888 Members Posts: 298
    edited February 2011
    Pretty much. Living prudently is the key part, it's easy to go broke still on a million dollars (or pounds).
  • kingofharts
    kingofharts Members Posts: 406 ✭✭✭
    edited February 2011
    I agree with what you're saying...issue is even with those type power couples they'll often want to, or feel pressured by their peer groups, to live a high expenditure lifestyle.

    You know how Americans like to consume lol.
  •   Colin$mackabi$h
    Colin$mackabi$h Smartass Snatch Money ave.Members Posts: 16,586 ✭✭✭✭✭
    edited February 2011
    what you have in life is not good enough, citizen

    consume more

    consume more

    obey

    obey
    that might as well be at the end of every commercial
  • robdaze151
    robdaze151 Banned Users Posts: 2,019 ✭✭
    edited February 2011
    Koko888 wrote: »
    Pretty much. Living prudently is the key part, it's easy to go broke still on a million dollars (or pounds).
    agreed. the problem with getting money is that when most come into a large amount, they still live outside of there means. just because you have a million doesnt mean you have to/ can live the millionare lifestyle
  • GTariq
    GTariq Members Posts: 1,707 ✭✭✭✭
    edited February 2011
    Based off what you said, a million dollars can be a big feat. I think living off 50-60k or less ain't bad at all.
  • So ILL
    So ILL Members Posts: 16,507 ✭✭✭✭✭
    edited February 2011
    I wouldn't mind $1 million right now.....
  • politicalthug202
    politicalthug202 Members Posts: 3,098 ✭✭✭✭
    edited February 2011
    GTariq wrote: »
    Based off what you said, a million dollars can be a big feat. I think living off 50-60k or less ain't bad at all.

    50-60 k can be a little tight for two people tho, for a single person is def doable.

    but my homie a retail dude at at&T and after he get his sales
    bonus's and after tax's he got like 30k net

    and his girl make about the same. they dont have really nice cars
    they live in a small house,they really cant vacation more then once
    they gotta eat at chain restaraunts when they do goo out like twice a month.

    if they ever had a kid it would be ruff,they pretty much just surviving better
    than most ppl. but they live in Chicago th
  • Sion
    Sion Moderator, Legion of Trill, AHH Content Producer, AHH Editor Members, Moderators, Writer, Content Producer Posts: 45,666 Regulator
    edited February 2011
    Your right but I feel that statement applies more to the States than any other place in the world. What a lot of 🤬 take for granted is that America is a 16 trillion dollar economy, theres simply more money moving around & huge influx of cash flowing in & out of the country so opportunities there are way more plentiful therefore a million bucks aint what it used to be & is easy to attain. If ur talkin bout places like Canada, areas in Europe & Asia its a different story tho. Take a look at American business even.... name me another area of the world map that even has comparable corporate earnings... ? LOL only in America my dude.... only in America....
  • [Deleted User]
    [Deleted User] Posts: 8,496 ✭✭✭✭✭
    edited February 2011
    what you have in life is not good enough, citizen

    consume more

    consume more

    obey

    obey


    this is where they get us everytime ....
  • dalyricalbandit
    dalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Members, Moderators Posts: 67,918 Regulator
    edited February 2011
    So ILL wrote: »
    I wouldn't mind $1 million right now.....

    ............
  • CapitalB
    CapitalB all these dollars.. no sense. Members Posts: 24,556 ✭✭✭✭✭
    edited February 2011
    money can be spent sooooo fast its ridiculous..
    a million aint 🤬 .. but to those who dont have it its everything..

    but if ur ever so lucky to get to that status ull see that it aint..
    kind of like when u were a kid.. a dollar was BALLIN!! then 5... then 20.. then 100.. then 1000.. and so on

    and [email protected] finally savin up to a mil and bein 65.. 70+ where's the fun in that!?
    jus my opinion but id rather spend a million in a lifetime and die at 65.. 70+ then save it by that age and be dead before my next birthday. hahaha
  • dalyricalbandit
    dalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Members, Moderators Posts: 67,918 Regulator
    edited February 2011
    lol real 🤬 tho being 65 with a million is cool but i rather ball out now
  • BiblicalAtheist
    BiblicalAtheist Prude FieldsMembers Posts: 15,668 ✭✭✭✭✭
    edited February 2011
    ice_cold wrote: »
    that might as well be IN of every commercial

    It is, its just subliminal.
  • Maalik
    Maalik Members Posts: 3,629 ✭✭✭✭✭
    edited February 2011
    Young-Ice wrote: »
    retirement is like second child hood tho

    no job and 🤬


    u guys are talking like it's easy to make a mill in todays world.

    It aint easy..but, its alot more attainable than I thought it was. One of my good friends graduating this year, got a 100k Job offer from Citigroup. Only 22. Assuming he stay on his 🤬 ....and eventually go back for his MBA....he got a good shot.
  • dalyricalbandit
    dalyricalbandit Co-Owner Of AllhipHop.com, Super Moderator, Administrator, Moderator Members, Moderators Posts: 67,918 Regulator
    edited February 2011
    u spend a dollar you aint a millionaire anymore.

    ive always said this 🤬 🤬 u throw away a penny u a one
  • Maalik
    Maalik Members Posts: 3,629 ✭✭✭✭✭
    edited February 2011
    CapitalB wrote: »
    money can be spent sooooo fast its ridiculous..
    a million aint 🤬 .. but to those who dont have it its everything..

    but if ur ever so lucky to get to that status ull see that it aint..
    kind of like when u were a kid.. a dollar was BALLIN!! then 5... then 20.. then 100.. then 1000.. and so on

    and [email protected] finally savin up to a mil and bein 65.. 70+ where's the fun in that!?
    jus my opinion but id rather spend a million in a lifetime and die at 65.. 70+ then save it by that age and be dead before my next birthday. hahaha

    Yea....thats true. Especially the dollar part. When I was younger, two dollars got me two bags of chips, a Quarter Juice, Starburst, a Honeybun & 2 Oatmeal Cookies. Thought I was BALLIN!!!!! Don't let me have gotten 10 dollars. Now I can burn through $1000 in a weekend.

    🤬 being 65 with $4 Million. Its better to be in your 20s/30s & balling out. But, thats the issue with success at the end of it. You work your whole life to build a foundation & in the end, you still gonna die & cant take 🤬 with you. I be mad as 🤬 , if I got uber rich because I knew one day I'd be dead. A 🤬 wanna be 25 forever with $300 Million in the bank. They already found data that could prolong the human life cycle to 150 years & by the time that 🤬 get approved, it won't matter for us 🤬 typing.
  • dominique19
    dominique19 Members Posts: 295
    edited February 2011
    We live in a society thats always telling us to buy more, spend more get more thats why most people even rich people are in debt because people feed into that bs
  • one_manshow
    one_manshow Members Posts: 4,591 ✭✭✭✭
    edited February 2011
    We live in a society where people don't know the difference between a need and a want so that million dollars would be gone pretty soon since majority of people are influenced by the media. Most of y'all just products alll you know is consumption through the mass media and consumer culture. Think about like this individuals define themselves by the clothes they wear,the cars they drive, the brand of alcohol they drink and the food products they consume. That million dollar would be gone since everyone today wants an "identity" or to live a certain lifestyle. Take a look at how many times people in this thread have used the words "balling out".
  • DarcSkies
    DarcSkies TRUST IN ALLAH BUT TIE UP YOUR CAMEL Members Posts: 13,791 ✭✭✭✭✭
    edited February 2011
    what you have in life is not good enough, citizen

    consume more

    consume more

    obey

    obey
    lol I know right

    But a million dollars is a lot but not really. Cuz soon as you spend a dollar. You're not a millionaire anymore.
  • Maalik
    Maalik Members Posts: 3,629 ✭✭✭✭✭
    edited February 2011
    Darxwell wrote: »
    lol I know right

    But a million dollars is a lot but not really. Cuz soon as you spend a dollar. You're not a millionaire anymore.

    Live off the interest. Depending on the rate, it'd be anywhere from 40k-80k annually.
  • blakfyahking
    blakfyahking The IC's Resident Father Figure Members Posts: 15,785 ✭✭✭✭✭
    edited February 2011
    yep living on the interest is my retirement plan

    in about 5 more years I should be close to that mark
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