How Much Money is Enough?

B

Bloodshot Scott

Honestly. How much money would really satisfy you (and be honest with yourself)?. In light of a couple local creeps (Denny Hecker and Tom Petter) and their disgusting, flagrant greed and ***** of power, and a really, really vivid dream I had wherein I won $2.7 milllion (I know, it was crazy, it was so real I actually thought it happened when I woke up :(), I just wonder what the average bloke on here really wants?

Personally I think a few mill would be sufficient for me, and to be honest, anything more than that would just be meaningless to me; maybe I just can't empathize with people who lust over money? :dunno:

Or maybe it's because I didn't grow up in the lap of luxury. But I do find it an interesting question what the average person really wants in life.

Give me $2.7 mill - a couple cars (and a truck), a degree in CNC milling, a mill machine and damnit I would have my own business in no time. I just can't understand how depraved guys like Hecker and Petter are to have almost billions and to lower themselves to the filth they are, all for a buck, just baffles me.
 
Bloodshot Scott said:
Give me $2.7 mill - a couple cars (and a truck), a degree in CNC milling, a mill machine and damnit I would have my own business in no time.
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A mill, huh? Well maybe there's hope for you yet. :tongue: I built a shop several years ago, with the idea that I'd put a CNC 3-axis machining center, a CNC lathe and a (C)NC grinder in it. So far, all it's got is a race car, a couple of engines and a cabinet full of tool holders and carbide inserts from a dead company I used to work for. I was at least hoping to get the Haas VF-OE machining center that they left behind, maybe the Miyano CNC lathe... but no go. :( I think most of that stuff went to Mexico (thanks, NAFTA supporters! :thefinger )

As for money... it all has to do with what you want to do. If you're going to have a machine shop that's something more than just a hobby (all I really wanted), you need some financing for equipment, materials & supplies, general fixed expenses and salaries, until you get some business, and the invoices get paid (30-60 days from when you ship the first piece). But I'd still love to have a little shop at some point. I learned to write G-code and do CAD/CAM programming (just because) several years ago. Being able to draw something on a screen and dump the program in a machine and have a finished piece an hour or two later really fascinates me. I've made some neat **** over the years (mostly R/C car parts and trinkets), if I do say so myself.

Also, are we talking overall net worth or liquid net worth? $10 million in liquid net worth and I'd feel fairly secure financially.
 
10 million -- it's a nice round figure. I know how to invest my money, I am very frugal, I pinch pennies, and yeah, that would keep me satisfied for rest of my life. I would volunteer my time in other places and I might get a job somewhere if I can just to pass my time and donate better part of my checks to places at the end of each season. I don't know, I would find something to do with my time and money, it'd be fun.
 
Rey C. said:
A mill, huh? Well maybe there's hope for you yet. :tongue: I built a shop several years ago, with the idea that I'd put a CNC 3-axis machining center, a CNC lathe and a (C)NC grinder in it. So far, all it's got is a race car, a couple of engines and a cabinet full of tool holders and carbide inserts from a dead company I used to work for. I was at least hoping to get the Haas VF-OE machining center that they left behind, maybe the Miyano CNC lathe... but no go. :( I think most of that stuff went to Mexico (thanks, NAFTA supporters! :thefinger )

As for money... it all has to do with what you want to do. If you're going to have a machine shop that's something more than just a hobby (all I really wanted), you need some financing for equipment, materials & supplies, general fixed expenses and salaries, until you get some business, and the invoices get paid (30-60 days from when you ship the first piece). But I'd still love to have a little shop at some point. I learned to write G-code and do CAD/CAM programming (just because) several years ago. Being able to draw something on a screen and dump the program in a machine and have a finished piece an hour or two later really fascinates me. I've made some neat **** over the years (mostly R/C car parts and trinkets), if I do say so myself.

Also, are we talking overall net worth or liquid net worth? $10 million in liquid net worth and I'd feel fairly secure financially.
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An old Bridgeport would take a lifetime compared to some of the new machines they have now. I've been looking for an old bridgeport for a while now to hone my skills, but even that would be tricky without a degree. There are ample forums out there for people to offer their expertice which is nice. As for what I would do with a background in CNC milling (tool and die degree) I would start my own company in this field:

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That's my passion, and I'm the kind of person who needs to see my hands creating something, I need to see results, and because I love working on my clubs, so yeah, that would be a dream come true. A nice sized house on a lake, a few nice cars and trucks, and a nice sized shop on my property with several CNC machines - working on my own time, my own hours - what more could a person dream of besides a beautiful woman and a few ****?
 
I have made several calculations over the years, as this idea intrigues me, too.

One idea is a sum of money you only use for getting the income via the annual profits of bein in a spread of bank account, houses you rent to people and such.

Let's go for a sum of 5.000.000 Euros. If we assume you would surely and safely get 5% anually out of this, that would mean a years income of 250.000 Euros and I would like to spread it over 12.5 months (you KNOW december just costs you more :) )

That would be 20.000 Euros per month.

To put my taxes where I want them to go, I would start a foundation (Hell, why not actually create the Phoenix Foundation ^^) and give myself a job there.

So I would save a large portion of my taxes.

But even if I were to get 'only' 15.000 Euros per month it would be a great life from then on. And I would built youth centers, which have dwindled from existence since the eighties here in Germany.

Of course, my second, and ultimate fantasy is being rich like Bill Gates rich.

Talking rather in the range of 5 Billion Euros. My dream house is the Louvre. You get the picture ^^

I LOVE big toys and doing things on the HUGE scale.

I absolutely have the right mind for going megalomaniac :hatsoff:
 
I can't put a number on it, but I know I never wanted to be rich. If I was, I couldn't see me buying anything all that fancy/expensive. Well, maybe some Class III NFA guns, but that's about it. Oh and maybe some land to shoot 'em on.

I like my house, love my girl and can't complain about my car. I don't think millions of dollars would make my life any better.
 
just enough to pay off everything i sttill want a reason to get up and go to work if i got rich id sit on my ass all day weres the fun in that but if i had enough not to worry about bills id be happy
 
I think 1 million would be a nice number to see on my bank account. But, then the government would come and probably take half of it away!
 
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