If I were Filthy Rich
By spadetite22+69 What would you define as life changing money?
I certainly play pb and mm, but also play smaller games with hopes to win because of better odds. The more I think about it, I don’t think it’s worth it for me to play them. I want life changing money, meaning, I can quit my job the next , I can pay off everything, start my own ventures being able to take those risks, not having to worry about how money coming in that month or year. I feel like 200k , 300k , 500k even wouldn’t do it for me. I’d still have to go to work the next day. Of course they kind of money would solve problems for me just like a lot of people, but there’s just a number out there I consider life changing, and can’t really figure out what it would be. Most likely, it’s in the 7th digit for sure but after taxations you’re talking about 550k. that to me isn’t a life changing number. Im defining life changing as I can completely rewrite my story the minute I win that amount. I can completely hit the reset button on everything. I’m curious to know what that number is and what definitions of “life changing” others on here have.
Recent responses
+110 @JinxedAdmin My brother just got $150k, he put it on his mortgage and knocked 21 years off his repayments. I'd say that's life changing.
+45 @PippyLongSausage Half a million would certainly help for peace of mind but wouldn’t upend my day to day much. $5m would solve most of the problems and allow for some fun. $100m would be life changing in that I’d probably be dead in the hot tub with coke and hookers.
+42 @spaceman757 $100k would allow me to enjoy life with a LOT less stress. $500k would allow me to retire 3-5 years earlier. $3M would allow me to retire now and live comfortably until social security kicks in. $10M+ would allow me to retire now and to make my kids lives a little easier by getting each of them homes so that their biggest monthly expense would be replaced by something a lot less burdensome.
+22 @AGuyAndHisCat I actually thought about this recently, and almost any amount of money is life changing, there's just different scales to it. $10k resolves whats left of medical debt $50k Adds a new larger car for my recently increased in size family --- Beyond this point multiple lives will be changed --- $100k-200k Adds repaying my parents back the remainder of the loan they gave us to gut renovate our house. My sibling benefits, as they will get a similar but smaller loan with the returned money for their renovations. $500k-750k Adds my buying a 2 family home as an investment, and renting out for cheap one of the apartments to a good friend and never raising that low rent. $1m Adds me being able to retire on time (ie. 67) $2m Adds creating a perpetual trust to distribute to all generations after me lump sums gifts for births, a lump sum to help with college or starting a business, and a lump sum to go towards buying a house. $4.25m Adds my nieces/nephews to the above trust. $6m Adds a cash give away to extended family $10m Adds a nice secluded family lakehouse for vacations $15m Turns that Lakehouse in to an estate that can house multiple families (available for anyone in the extended family to borrow as well, think private hotel). $20m+ and the perpetual trust above just starts encompassing more and more extended family. Edit: I dont need to stop working, my job is decent at work/life balance, and I dont want anyone to become useless because I gave them too much.
+20 @TheLizardKing89 Depends on what you mean by “life-changing”. Even something as small as 50k would be “life-changing.” I could take fewer hours at my job and focus on school for two years.