If you had a million dollars

[guineapig]

Spend 100k to pay off my student loans and invest the rest.

Sleep well knowing that my monthly income is now effectively doubled because I don't have any more payments.

Retire in about 10-15 years and stay at my current job because there is such little effort involved.

Pick a different country to visit for each vacation with my wife as opposed to (let's just going camping this year to save money).

[Shannacore]

Originally Posted by guineapig [You must be logged in to view images. Log in or Register.]

Spend 100k to pay off my student loans and invest the rest.

Holy shit 100k in student loans? That's crazy

[guineapig]

Originally Posted by Shannacore [You must be logged in to view images. Log in or Register.]

Holy shit 100k in student loans? That's crazy

Private school for undergrad and have my Master's as well (also private school).

Biggest mistake of my life.

[Shannacore]

Originally Posted by guineapig [You must be logged in to view images. Log in or Register.]

Private school for undergrad and have my Master's as well (also private school).

Biggest mistake of my life.

That would probably do it.

I'm fortunate to have my entire undergrad covered (For 5 years, dammit), and then some.


Grad school, ahoy!

[guineapig]

My family is poor... I guess I am just trying to follow in their footsteps (albeit subconsciously).

[Shannacore]

Originally Posted by guineapig [You must be logged in to view images. Log in or Register.]

My family is poor... I guess I am just trying to follow in their footsteps (albeit subconsciously).

I'm trying to do the opposite ~

[Wizerud]

If you banked the whole million how much would you get in interest per year? My answer would be dependent upon this.

[Lanvaren]

Originally Posted by Wizerud [You must be logged in to view images. Log in or Register.]

If you banked the whole million how much would you get in interest per year? My answer would be dependent upon this.

Less than a teacher's salary.

[guineapig]

Originally Posted by Wizerud [You must be logged in to view images. Log in or Register.]

If you banked the whole million how much would you get in interest per year? My answer would be dependent upon this.

Define "banked". Throw it all into a checking account and the money is not going to do much.

If you are going to invest the money chances are it's not going to a bank.

With IRAs in:
Emerging markets ( like China and Brazil),
(nonrenewable) natural resources,
Alternative energy stocks.

You can pull 20% profit in a little over a year without much effort.

[Wizerud]

Originally Posted by guineapig [You must be logged in to view images. Log in or Register.]

Define "banked". Throw it all into a checking account and the money is not going to do much.

If you are going to invest the money chances are it's not going to a bank.

What I mean is something that would be low-risk but guaranteed interest. What the options would be I do not know but if I was able to yield about $60-70k per annum I'd be living in relative luxury. So my question to you would be what are the options you'd have in order to generate that kind of money annually?