Comments on: All the money in the world, part 1 http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/ Personal Finance, Writing, and Blogging Tue, 06 Jan 2009 21:49:35 +0000 http://wordpress.org/?v=2.7 hourly 1 By: MoneyEnergy http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-1159 MoneyEnergy Mon, 26 May 2008 17:50:02 +0000 http://www.thewriterscoin.com/?p=77#comment-1159 I did a similar exercise recently where I tried to figure out my retirement "number." Based on an inflation rate of 4% and how much I feel I would need today to "retire," and how long I think I'll live (I do think I'll live close to 100), I calculated that I'd need $26 million. And that's just going by my student-standards of living! One million dollars is definitely not a lot of money anymore. I did a similar exercise recently where I tried to figure out my retirement “number.” Based on an inflation rate of 4% and how much I feel I would need today to “retire,” and how long I think I’ll live (I do think I’ll live close to 100), I calculated that I’d need $26 million. And that’s just going by my student-standards of living!

One million dollars is definitely not a lot of money anymore.

]]> By: The Writer’s Coin » Blog Archive » A Great Exercise: You’re Getting Fired http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-949 The Writer’s Coin » Blog Archive » A Great Exercise: You’re Getting Fired Thu, 24 Apr 2008 11:34:40 +0000 http://www.thewriterscoin.com/?p=77#comment-949 [...] done this, that, and why I don’t do it now, anyway. It’s the whole impetus behind my All the Money in the World [...] [...] done this, that, and why I don’t do it now, anyway. It’s the whole impetus behind my All the Money in the World [...]

]]> By: Living Off Dividends http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-347 Living Off Dividends Thu, 07 Feb 2008 01:30:38 +0000 http://www.thewriterscoin.com/?p=77#comment-347 i'd probably do nothing. put the whole damn thing in muni bonds at 5.3% tax-free and not change anything. except throw a party and invite all my friends i haven't seen in years. i’d probably do nothing.

put the whole damn thing in muni bonds at 5.3% tax-free and not change anything. except throw a party and invite all my friends i haven’t seen in years.

]]> By: plonkee http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-345 plonkee Wed, 06 Feb 2008 19:55:27 +0000 http://www.thewriterscoin.com/?p=77#comment-345 Funnily enough I was thinking about this just the other day (except it was £1M). Firstly, I'd give away £100K to charity, then I'd give £50K each to my immediate family members, then I'd pay off the mortgage and student loan, finish all the work that needs doing on the house and go on a holiday on the Trans-Siberian express. I'd put about £25K in savings, and then invest the remaining £500K in a balanced boring portfolio, and carry on as normal, but rich. Funnily enough I was thinking about this just the other day (except it was £1M).
Firstly, I’d give away £100K to charity, then I’d give £50K each to my immediate family members, then I’d pay off the mortgage and student loan, finish all the work that needs doing on the house and go on a holiday on the Trans-Siberian express.
I’d put about £25K in savings, and then invest the remaining £500K in a balanced boring portfolio, and carry on as normal, but rich.

]]> By: The Writer’s Coin » Blog Archive » All the money in the world, part 3 http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-149 The Writer’s Coin » Blog Archive » All the money in the world, part 3 Thu, 03 Jan 2008 00:15:17 +0000 http://www.thewriterscoin.com/?p=77#comment-149 [...] purpose of this post is to look at the two scenarios I laid out earlier (winning a million dollars and being filthy rich), and analyzing how my choices in those two scenarios differ and what I can [...] [...] purpose of this post is to look at the two scenarios I laid out earlier (winning a million dollars and being filthy rich), and analyzing how my choices in those two scenarios differ and what I can [...]

]]> By: The Writer’s Coin » Blog Archive » All the money in the world, part 2 http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-147 The Writer’s Coin » Blog Archive » All the money in the world, part 2 Thu, 03 Jan 2008 00:12:32 +0000 http://www.thewriterscoin.com/?p=77#comment-147 [...] first post in this series had me pretending I won a million dollars and what I would do with the money if I [...] [...] first post in this series had me pretending I won a million dollars and what I would do with the money if I [...]

]]> By: All the money in the world, part 3 « The Writers Coin http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-74 All the money in the world, part 3 « The Writers Coin Fri, 16 Nov 2007 21:45:30 +0000 http://www.thewriterscoin.com/?p=77#comment-74 [...] 16, 2007 by Nut The purpose of this post is to look at the two scenarios I laid out earlier (winning a million dollars and being filthy rich), and analyzing how my choices in those two scenarios differ and  what I can [...] [...] 16, 2007 by Nut The purpose of this post is to look at the two scenarios I laid out earlier (winning a million dollars and being filthy rich), and analyzing how my choices in those two scenarios differ and  what I can [...]

]]> By: All the money in the world, part 2 « The Writers Coin http://www.thewriterscoin.com/2007/11/12/all-the-money-in-the-world-part-1/comment-page-1/#comment-73 All the money in the world, part 2 « The Writers Coin Thu, 15 Nov 2007 18:51:55 +0000 http://www.thewriterscoin.com/?p=77#comment-73 [...] first post in this series had me pretending I won a million dollars and what I would do with the money if I [...] [...] first post in this series had me pretending I won a million dollars and what I would do with the money if I [...]

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