If I Won A Million Dollars
- Thread starter N.Y.ArcheryMadMan
- Start date
Alabama
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hoshour
Veteran member
I do financial planning and investments for a living and I can tell you that the average lottery winner is flat broke in 3 years because to them the money seems bottomless.
I've seen people I know personally spend away all of a nearly $2 million inheritance in 3 years or go through most of $3 million inside of 10 years.
Rarely do I see people come into money and be worth more 10 years later. There's just something about windfalls. Ask all the penniless pro athletes.
In the cases above, both were in their 50s, not kids. One was a spender married to a spender and the other was a frugal person married to a spender she could not slow down enough.
They were all friends and clients that I had to really ride hard to get them to slow down. Both repeatedly asked me to. So, it pained and frustrated me to watch them burn through most of it anyway, despite earning good returns. One half of the second couple died and the survivor now has just $300K and Social Security for a 20+ year expected lifespan. I documented all my warnings and pleadings.
So here's my advice. If you've really got a million, be patient and invest it.
If you earn 10% you'll have $2 million in 7 years and that is enough to retire on very well. Earning 7% you'll need to wait 10 years to double your money.
Remember that a man age 65 has a 22 year average remaining lifespan and a woman has 24 years. That's a lot of years with no salary, perhaps high medical expenses and inflation.
I've seen people I know personally spend away all of a nearly $2 million inheritance in 3 years or go through most of $3 million inside of 10 years.
Rarely do I see people come into money and be worth more 10 years later. There's just something about windfalls. Ask all the penniless pro athletes.
In the cases above, both were in their 50s, not kids. One was a spender married to a spender and the other was a frugal person married to a spender she could not slow down enough.
They were all friends and clients that I had to really ride hard to get them to slow down. Both repeatedly asked me to. So, it pained and frustrated me to watch them burn through most of it anyway, despite earning good returns. One half of the second couple died and the survivor now has just $300K and Social Security for a 20+ year expected lifespan. I documented all my warnings and pleadings.
So here's my advice. If you've really got a million, be patient and invest it.
If you earn 10% you'll have $2 million in 7 years and that is enough to retire on very well. Earning 7% you'll need to wait 10 years to double your money.
Remember that a man age 65 has a 22 year average remaining lifespan and a woman has 24 years. That's a lot of years with no salary, perhaps high medical expenses and inflation.
hoshour
Veteran member
BTW, Social Security on average only replaces 40% of your income. The rest of your 20+ years of retirement income comes from your savings.
Matthoek21
Veteran member
hoshour...thanks and this is exactly my current retirement plan...want to be able to enjoy many years w/o the stress of finances. The million dollars today would absolutely help me get there quicker though. But I also agree I would love to have that Montana ranch with big deer, elk, and trout. That would be my heaven on earth. And then my boys kid enjoy for eternity.
hoshour
Veteran member
hoshour
Veteran member
This is way off the subject, but every Hebrew letter has a numerical value. I actually have the chart of them from when I was in seminary. That was common with the ancient languages, using letters for both writing and figuring. The "number of his name" refers to the numerical value of the Antichrist's name's consonants in Hebrew totalling 666.
The well-known number of King David's name is 14. That's why Matthew, writing his gospel to the Jews, repeats that there were 14 generations in each of his 3 divisions of Jesus's genealogy in Matthew, Chapter 1. He was stressing that Christ was the Son of David and every Jew that had been to school knew what he was doing. It's just been lost on us today.
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shootbrownelk
Veteran member
If you want a ranch in good hunting country in Wyoming, it'll cost you a hell of a lot more than a million dollars. The Q-Creek? That there was funny!
ColoradoV
Very Active Member
- Oct 4, 2011
- 819
- 935
Hos if we are off topic - ok how about if you take the 6x6x6 you get 216 digit number.. The Kabbala says that a 216 digit number is the representation of God and the most perfect/beautiful thing in the universe.. A 216 digit number connects pi and phi or we humans have enough knowledge to know it is ratio represents the most perfect/beautiful things in the universe to the human eye..... Some say the key to the 216 digit is hidden in Pi or Phi and holds all the secrets of the physical universe.
Euclid in about 1100 first referred to dividing a line at the 0.6180399… point as “dividing a line in the extreme and mean ratio.” This later gave rise to the use of the term mean in the golden mean.
The golden ratio is the exact ratio of pyramids of Egypt, Central Mexico, and is represented in Pumapunku in Peru as well as the Greek Parthenon and many other historic examples... It is also found in Davids Michelangelo... Plato presented in his “Timaeus,” considered the golden section to be the most binding of all mathematical relationships and the key to the physics of the cosmos. It is also known as the Fibonacci sequence, is every where in nature, and this ratio again is known as the Golden Mean or Golden ratio....
Renaissance artists used the Golden Mean extensively in their paintings and sculptures to achieve balance and beauty. In fact psychologists at Berkley proved in the mid 1990's that the Golden mean is the definition of human perception of beauty.... Leonardo Da Vinci, for instance, used it to define all the fundamental proportions of his painting of “The Last Supper,” from the dimensions of the table at which Christ and the disciples sat to the proportions of the walls and windows in the background.... In fact Da Vinci used it everywhere in almost every one of his paintings and sculptures...
Now this brings us to phi and pi that both are eerily connected to the 216 digit number that represents "god"..
This ubiquitous proportion known as the golden mean, golden section and golden ratio as well as the Divine proportion does have a connection to both phi and pi as well as too many mathematical coincidences in the Kabbala to be overlooked. No way the numeric code in the Kabbala was made by historic man.. Take it for what you like but we humans did not come up with it and the key is that 216 digit number what ever it is...
Phi continues to open new doors in our understanding of life and the universe. It appeared again in the 1970’s of “Penrose Tiles,” which first allowed surfaces to be tiled in five-fold symmetry. It appeared again in the 1980’s in quasi-crystals, a newly discovered form of matter. Our understanding of phi, pi, and the 216 digit number is just starting and many think will unlock the mysteries of the physical universe and god...
Interesting stuff for sure but if I won a million I would......
Euclid in about 1100 first referred to dividing a line at the 0.6180399… point as “dividing a line in the extreme and mean ratio.” This later gave rise to the use of the term mean in the golden mean.
The golden ratio is the exact ratio of pyramids of Egypt, Central Mexico, and is represented in Pumapunku in Peru as well as the Greek Parthenon and many other historic examples... It is also found in Davids Michelangelo... Plato presented in his “Timaeus,” considered the golden section to be the most binding of all mathematical relationships and the key to the physics of the cosmos. It is also known as the Fibonacci sequence, is every where in nature, and this ratio again is known as the Golden Mean or Golden ratio....
Renaissance artists used the Golden Mean extensively in their paintings and sculptures to achieve balance and beauty. In fact psychologists at Berkley proved in the mid 1990's that the Golden mean is the definition of human perception of beauty.... Leonardo Da Vinci, for instance, used it to define all the fundamental proportions of his painting of “The Last Supper,” from the dimensions of the table at which Christ and the disciples sat to the proportions of the walls and windows in the background.... In fact Da Vinci used it everywhere in almost every one of his paintings and sculptures...
Now this brings us to phi and pi that both are eerily connected to the 216 digit number that represents "god"..
This ubiquitous proportion known as the golden mean, golden section and golden ratio as well as the Divine proportion does have a connection to both phi and pi as well as too many mathematical coincidences in the Kabbala to be overlooked. No way the numeric code in the Kabbala was made by historic man.. Take it for what you like but we humans did not come up with it and the key is that 216 digit number what ever it is...
Phi continues to open new doors in our understanding of life and the universe. It appeared again in the 1970’s of “Penrose Tiles,” which first allowed surfaces to be tiled in five-fold symmetry. It appeared again in the 1980’s in quasi-crystals, a newly discovered form of matter. Our understanding of phi, pi, and the 216 digit number is just starting and many think will unlock the mysteries of the physical universe and god...
Interesting stuff for sure but if I won a million I would......
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I'd make sure the kid has all of her college expenses covered, then take my dad on any hunting trip he chooses, and invest every cent left over. I earn a good living and have pretty much everything I need to do the things in life I enjoy. Maybe take the GF on a vacation. Maybe.
holly crap! my head is spinning in 666 diff directions right now. im going to eat this ult bacon cheeseburger from jack in the box while I ponder that.Hos if we are off topic - ok how about if you take the 6x6x6 you get 216 digit number.. The Kabbala says that a 216 digit number is the representation of God and the most perfect/beautiful thing in the universe.. A 216 digit number connects pi and phi or we humans have enough knowledge to know it is ratio represents the most perfect/beautiful things in the universe to the human eye..... Some say the key to the 216 digit is hidden in Pi or Phi and holds all the secrets of the physical universe.
Euclid in about 1100 first referred to dividing a line at the 0.6180399… point as “dividing a line in the extreme and mean ratio.” This later gave rise to the use of the term mean in the golden mean.
The golden ratio is the exact ratio of pyramids of Egypt, Central Mexico, and is represented in Pumapunku in Peru as well as the Greek Parthenon and many other historic examples... It is also found in Davids Michelangelo... Plato presented in his “Timaeus,” considered the golden section to be the most binding of all mathematical relationships and the key to the physics of the cosmos. It is also known as the Fibonacci sequence, is every where in nature, and this ratio again is known as the Golden Mean or Golden ratio....
Renaissance artists used the Golden Mean extensively in their paintings and sculptures to achieve balance and beauty. In fact psychologists at Berkley proved in the mid 1990's that the Golden mean is the definition of human perception of beauty.... Leonardo Da Vinci, for instance, used it to define all the fundamental proportions of his painting of “The Last Supper,” from the dimensions of the table at which Christ and the disciples sat to the proportions of the walls and windows in the background.... In fact Da Vinci used it everywhere in almost every one of his paintings and sculptures...
Now this brings us to phi and pi that both are eerily connected to the 216 digit number that represents "god"..
This ubiquitous proportion known as the golden mean, golden section and golden ratio as well as the Divine proportion does have a connection to both phi and pi as well as too many mathematical coincidences in the Kabbala to be overlooked. No way the numeric code in the Kabbala was made by historic man.. Take it for what you like but we humans did not come up with it and the key is that 216 digit number what ever it is...
Phi continues to open new doors in our understanding of life and the universe. It appeared again in the 1970’s of “Penrose Tiles,” which first allowed surfaces to be tiled in five-fold symmetry. It appeared again in the 1980’s in quasi-crystals, a newly discovered form of matter. Our understanding of phi, pi, and the 216 digit number is just starting and many think will unlock the mysteries of the physical universe and god...
Interesting stuff for sure but if I won a million I would......
HuskyMusky
Veteran member
Would love a farm... not a bad investment in my eyes, farming income $$ beans/corn. plus a place to hunt...
Would love about at least $5 Million nowadays, but I'm not turning down any free money!! from 50cents to 50grand+ I'll take it! haha.
although investing and dividends might be the best way and just spend 10k a year or so on some hunts all over...
I always thought it would be nice to have a quality whitetail property and allow father/sons a place to come take a doe at least or management bucks...
Would love about at least $5 Million nowadays, but I'm not turning down any free money!! from 50cents to 50grand+ I'll take it! haha.
although investing and dividends might be the best way and just spend 10k a year or so on some hunts all over...
I always thought it would be nice to have a quality whitetail property and allow father/sons a place to come take a doe at least or management bucks...
tim
Veteran member
blow it on hookers and blow!!
actually blow it on cool trips, Just the wife and I, no one to leave it to, or no one that I have to leave anything to.
actually blow it on cool trips, Just the wife and I, no one to leave it to, or no one that I have to leave anything to.
Eberle
Veteran member
Been investing in oil for +20 years. Mostly ConocoPhillips, bought lots of stock at $28 in the mid 90's. Been through 3 stock splits with them. I worked for ConocoPhillips up until 2008. I'm currently with Enable Midstream on the natural gas side. So I'm playing the waiting game now & for the next 19.5 years! Turned 40 in January, so I'm still a ways out.