If I had 10 million dollars would that las t me my whole life?

[00Lelouchxx]

I'm 20, years old and let's say I came into some money.10, million would tga last me til I'm like 65. That how long I want to live any thinbolder than is just torture lol.

yes

no

Updates

+1 y

OK so I might have show picked up by a network but they only want to offer me 60,000 for it should o take it

[Sexualchrist]

As long as you managed it properly yes.
I would advise against spending any of it though.

What you would do is keep your job for at least 1 year after you get the 10,000,000 and make a one year term deposit of 10,000,000 at a fixed interest rate.

Say interest rates were at 3%, most banks will give you a 1% rise at least for a term deposit. So 4% of 10,000,000 is 400,000 so if you made the term deposit every year that's a yearly passive income of 400,000 and say you had to pay 50% tax on that (yes some countries bare stingey) it's still a yearly salary of $200,000.

That money could be used to pay for mortgages and a car etc.

If you can't live off $200,000 a year, you're having a wank.

[DanAG]

If you invest it at 1% over the inflation rate, that's 100K per year above inflation. You should easily be able to get that kind of return without getting risky. You should also be able to easily live on 100K per year. If you are reasonably frugal you should be able to live on less than a quarter of that amount.

[Anonymous]

Yes, if you don't buy foolish thing like majority of rapper and athletes. It will last spend it wisely and invest.

[skullly]

That really depends on your lifestyle and where you decide to live.

[Illusive_Man]

There's a calculator for that.
www.learnvest.com/.../

[maiez]

You can invest in stocks, but still its a risk. If you had a lot of money you'd start buying expensive things too. So it wouldn't last unless you spend it frugally.

[Phoenix98]

Personally I could live my entire life with just one million dollars, so I imagine I would do allright with sixty four million more. But it all depends on how well you manage money.

[luvme56]

i guess ya... only for me.. dont know about you.. cz i woukd start a new business out of a million dollar! and make profits... multiplying the amount!

[Gabby21924]

If you spent it wisely it could last

[channel]

Yes, if you use it wisely.