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How much money per week would you consider Set for Life?

Topic closed. 35 replies. Last post 3 years ago by Stack47.

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helpmewin's avatar - dandy
u$a
United States
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February 22, 2011
19964 Posts
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Posted: August 19, 2013, 12:04 pm - IP Logged

I would be thinking more of a monthly figure and I dont mind being conservitive @ $5-10k

don't wanna be to greedy i seen that happen on the Lottery post

 it's called KarmaGreen laugh


    United States
    Member #128790
    June 2, 2012
    5431 Posts
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    Posted: August 19, 2013, 12:09 pm - IP Logged

    10 grand a week net.

      helpmewin's avatar - dandy
      u$a
      United States
      Member #106665
      February 22, 2011
      19964 Posts
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      Posted: August 19, 2013, 12:28 pm - IP Logged

      10 grand a week net.

      I Agree! i like the way you thinkin Party

        Pita Maha's avatar - 940d8157 d1fb-4f70-a715-6ad04d915489.jpg
        SW Florida
        United States
        Member #145673
        August 11, 2013
        152 Posts
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        Posted: August 19, 2013, 1:12 pm - IP Logged

        How much to be set for life? Well, given the way cost of living keeps rising and rising, $5k per week would be the minimum to be able to enjoy life now and set some aside for the day when gas is $10/gallon, a steak from the supermarket costs $50 and my favourite bottle of red is $100.

          OldSchoolPa's avatar - Lottery-057.jpg
          Gurnee, Illinois
          United States
          Member #49731
          February 12, 2007
          919 Posts
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          Posted: August 19, 2013, 1:37 pm - IP Logged

          Congress has debated your " push for simplifying the tax code"- Forbes when running for President tried that l believe and it got no traction. Heck there is even word of Congress trying to tax the Internet.Your idea is DOA at present.

           As for the guy who won in 2008 hitting the JP- they all have hit the JP going back as far as the eye can see.

          All make promises that they do not keep.Take Nixon..

          " Nixon did not understand the students’ protests against his Vietnam War. He saw himself as a man wanting to end the war, so to him there was nothing to disagree about. Nixon indeed conducted all his Vietnam politics in order the end the war, but in order to end the war once the United States were in a position to end it “honorably”. In other words, to end the war, he carried it further and intensified it."

          Actually, my idea is not DOA. When people look at their tax bills and the time it takes to file their taxes each year going forward under Obama, the tide will shift for a simpler, fairer way to pay tax revenue the government needs to operate. The evidence is already showing that more and more people who hold dual citizenship and are living abroad are giving up their US citizenship as a result of FATCA, the income reporting requirement levied on US citizens living and working abroad.

          The problem we have with our current Congress is that we lack business-minded and financial minded people in the Senate and House.  Far too many Congress men and women are more focused on making a career of the office rather than doing the right work for the country.

          I have always said I will develop myself an exit plan in the event Obama gets reelected....cannot elaborate more since I am certain the NSA is taking a gander at this post, even as I type it!  But just to allay any concerns, my exit plans are a win-win for both me and the US.

          Get MONEY!!! Winning a JACKPOT lottery is all the HOPE and CHANGE I desire!!!  NOW give me MONEY!US Flag

          The guy who won the presidency in 2008 really won the lottery...he is now millions richer, travels in first class style, and even has a staff that would be the envy of the richest Powerball winner (she has a staff of 2). Every night he goes to sleep, he probably plays the close of Dave Chappelle's Show: I'm rich beyatch!

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            Kentucky
            United States
            Member #32652
            February 14, 2006
            7344 Posts
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            Posted: August 19, 2013, 1:38 pm - IP Logged

            How much to be set for life? Well, given the way cost of living keeps rising and rising, $5k per week would be the minimum to be able to enjoy life now and set some aside for the day when gas is $10/gallon, a steak from the supermarket costs $50 and my favourite bottle of red is $100.

            I read an article where the professional golfer Phil Mickelson pays 60% of his golf earnings in taxes because of changes made to Federal, State, and local tax rates. If the same tax rates are applied to $5000 a week, net is $2000 a week and today it could qualify as "set for life". But as you pointed out, prices could drastically rise and in 10 years even $5000 a week might be enough to be "set for life".