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How much is the new million?


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2021 Aug 3, 7:32pm   1,032 views  67 comments

by Tenpoundbass   ➕follow (7)   💰tip   ignore  

I remember as a kid throughout my teens and tweens, a million dollars was enough to make someone set for life. If they didn't try to live like a millionaire and lived frugally comfortable. I don't think 1 million dollars would go very far today. For starters we don't have the interest earning what it once would. So it's not like you can take 1 million and put it in the bank and get a return, that could be deemed as any suitable income. Let alone grow the nest egg. So without having a specific business plan with 1 million to convert it into an investment that will produce income. 1 million would be gone in less than 5 years, unless you have the kind of strict discipline, it takes to spend money from a sock under your mattress.

It's hard to say what the new million is, until you put it in terms, "How much would it take to corrupt a high official?". Like all of the officials it took to sell the Corona Virus hoax, and the Election steal. Then you can start to fathom all of the millions that were donated to the 2020 election and all of the millions the US pays the CDC to implement their policy.
I think the magic number is 3 million. 1 billion dollars will buy 300 officials to go along with any NWO bullshit you throw their way. 300 million will buy you 100 officials spread throughout 6 cities in the United States. That will make sure no anomaly is formally investigated, and will be the public spokes person the complicit MSM cites as the official with the truth.

So when Mike Bloomberg puts on a show Presidential election even though he's polling at 2%, don't laugh at him for dumping 100 million in a market every other week of the billion he pledged for his election campaign effort. He was never running to win the election, he was laying the foundation for the Election night steal. He was stuffing the pay envelopes, and getting them ready for Dude that does the thing.

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55   Booger   2021 Aug 4, 6:50pm  

I don't have kids and even I don't want to draw down my principal! I'll find some well deserving relatives in Poland to leave it to.
56   Booger   2021 Aug 4, 6:53pm  

stereotomy says
Seriously, I lost 40 pounds in 2 months. No doctor would explain what was happening to me, but eventually, I figured it out. I had to cut out all carbs and sugar, and once this happened, I regained my normal weight.


You gained weight by cutting out carbs and sugar???? Did I somehow misinterpret this???
57   Booger   2021 Aug 4, 6:54pm  

Eric Holder says
This is true. Even working from home saved us shitload of money: gas, public transportation, office clothes, fancy haircuts, lunches, fancy coffee, etc. Even car insurance premiums have dropped significantly once all cars were declared for "pleasure use only". =))


Plus you can work naked.
58   Patrick   2021 Aug 4, 7:06pm  

And if you're Jeffrey Toobin you can just pull it out, whack off on camera, and CNN Propganda Inc will have no particular problem with that.
59   MAGA   2021 Aug 4, 8:20pm  

I'm a everyday millionaire, and I don't feel particularly rich.
60   Patrick   2021 Aug 4, 8:23pm  

A silver dollar is now worth more than $20.

So to be an old-school millionaire, you need more than $20M.
61   NDrLoR   2021 Aug 4, 9:16pm  

Patrick says
A silver dollar is now worth more than $20
The brilliance of LBJ when he took the silver content out of coins in 1965. Oh, it won't make much difference...
62   just_passing_through   2021 Aug 4, 10:12pm  

MAGA says
I'm a everyday millionaire, and I don't feel particularly rich.


Even in San Antonio?
63   BayArea   2021 Aug 4, 10:21pm  

You can take the year you were a kid, calculate compounded inflation, and figure what the new million is
64   zzyzzx   2021 Aug 5, 5:11am  

BayArea says
You can take the year you were a kid, calculate compounded inflation, and figure what the new million is


According to https://www.usinflationcalculator.com 1M in 1972, when I was a kid (age 6), is now $6,499,904.31 with a cumulative rate of inflation of 550%
65   SunnyvaleCA   2021 Aug 5, 11:18am  

GreaterNYCDude says
I don't want to draw down in the principal, I want to live off the interest. That is how real wealth is created.

A 6 million nest egg should be enough. A million isn't what it used to be.
Living off the interest allows inflation to reduce the purchasing power of your principal over time. You need to add some of that interest to your principal so that your principal grows at the rate of inflation.
66   Patrick   2021 Aug 5, 11:21am  

There is essentially no interest anymore. You cannot get more than half a percent afaict, while inflation is clearly over 4% now.

You're pretty much forced into stocks if you want to live from your money.

Or you could do it with rental property, except that your tenants have been exempted from paying rent indefinitely...
67   zzyzzx   2021 Aug 5, 11:26am  

Patrick says
Or you could do it with rental property, except that your tenants have been exempted from paying rent indefinitely...


It's as if it's intentional... Being a landlord was one of the few remaining income streams available since interest rates and been lowered to zero indefinitely.

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