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If I were Filthy Rich
By lintfilms
+29 How Big of a Lump Sum Win Would You Need to Live Where You Want & Travel As You Want?

Currently about $85 million left after taxes would be enough money to buy the two houses I would want & provide enough income from investments annually to pay the expenses to maintain both homes, ie insurance costs, and staff to maintain both homes such as maids and gardeners and leave enough from dividends and interest to pay for travel, make sure I had adequate health & liability insurance, and provide for daily life, while still having some money left over for emergencies and reinvestment, ie a worry free life. Both homes are in countries with no property or income taxes, so that would not be a concern going forward. One of the two countries literally have a zero poverty rate and is amongst the safest in the world, the other has a poverty rate much lower than the US and a lower crime rate as well. That amount would also allow me to pay off any existing debts and obtain citizenships by investment and residency permits that would make living & traveling where I would want to go easy, let me set up my investments in the most tax favorable manner, and allow me to provide my mother with a nest egg to ensure her needs are met for the rest of her life. It would also let me provide her residence permits for both locations where I would live so that I could help her at either of my homes if she needs help caring for herself in the future. She is able to care for herself today, but she is at an age where she may need help in the not to distant future, so it is one thing I worry about. One of the two places I would want to live has the priciest real estate on earth, so the house I would want there would eat up about $35 million of that lump sum. One bedroom condominiums in the country easily sell for $5 million or more, so $35 million for a six bedroom six bathroom villa with an Olympic size swimming pool is a steal. The second location would eat up another $8 million for a six bedroom place on the beach with a pool and neither locality is very favorable to mortgage financing for real estate, so cash deals are most common. As a New Yorker the tax man would take a sizeable portion of the total win, so the lump sum would need to be somewhere between $165 and $170 million to end up at $85 million after taxes. The weather is ideal in both locations during the opposite half of the year from one another and both locations have relatively short proximity by air flights to places where I could experience snow and winter weather for a little while if I wanted that for a brief period, ie at Christmas. Sunny and 70 or maybe a little warmer during the summer is the norm for both locations. Both locations have an international airport less than a 20 minute drive from the houses I would buy. The cooler of the two is less prone to storms during the summer, so I would enjoy both places at their ideal time of year. Both places have world class medical care, too notch private international schools for any future children, great Internet access, and populations with high concentrations of English speaking people and majority expat communities. The other most common language spoken in one of countries is amongst the easiest for English speakers to learn and my sister teaches the language as her day job, so I have little doubt I could learn it easily enough and the Spanish I already know would probably help me get by in most places I might vacation. I realize it's a huge number, but this is the dream life scenario. Splitting time between two idyllic homes with money left over to vacation and have reinvestment growth. A pretty ideal worry free life could be had for less than half of the amount, but I would love to hear your number for the dream life. A damn good life could be had for less than 10% of the number, but I want to hear your number for the perfect life where you can live where you want, vacation when and where you want, take care of the loved ones you want, and have enough to leave behind to your kids so that future generations of your family never have to worry either. That is what this number is to me, it's the bottom end number of that range, the you have it all number is even higher around $235 million after taxes which would be somewhere in the mid-$400 million range before taxes, so unless the jackpot reaches a billion again very unlikely. That is the you have a super yacht docked at your homes and you only fly by private jet number. $85 million is the you have the dream homes, you fly first class, and maybe you charter a short flight from time to time number. $85 million is enough where in 30 years you might have the super yacht and only fly private amount of money from investment growth, but $235 million is the there is nothing you could ever want that you can't have number, at least for me, but if you want 15 mansions around the world your sky is the limit number might be higher still. If you have s bigger sky is the limit number I would really love to hear what that lifestyle entails. Are you having your private jet fly you in fresh Maine lobster everyday to your beach house in Maui? Do you have a ski chalet in Gstaad, a beach house in Fiji, and a townhouse in London? What number does it take to hit your dream life?

In case you were wondering, for my dream scenario, its summers in Monaco, and winters in the Cayman Islands. The Monaco villa has views of the marina, the casino, and the Grand Prix route. The Cayman Islands beach mansion has a nice southern view of the Caribbean with a pool and hot tub on the beach and a dock for the boat. Switzerland or Colorado could easily provide a wintery Christmas getaway from either home after a relatively short flight.

Recent responses

+34 @BillsInATL $15M is my absolute lowest floor number for "living a life of leisure & luxury". Take $5M as my spend-now money to setup a new house, cars, etc. Invest the remaining $10M, earn 5-10%, plan on living off 4%/yr (or $400,000) annual income every year for doing nothing. This *is* my dream life. Far less complicated than **owning** houses all over the world that I need to keep up and pay taxes on, and everything else. Simple, yet wealthy and can afford anything I want. Yet hiding in plain sight by living in a really cool part of a major city. Anything above that is gravy. But I'm not going to complicate it.

+19 @Bi-LinearTimeScale I can't comprehend the thought of needing 85mil to live an amazing life. That's more than 10x what I think would be even close to reasonable.