I remember 20 years ago it was. So from your opinion. Does it still go that far ?
2006-08-22 17:14:39 · 13 answers · asked by Anonymous in Local Businesses ➔ United States ➔ Los Angeles
I am really bad with understanding how much money is, so its a good question.
Also, with all these game shows and reality TV handing out Millions of Dollors, it seems like its not alot. Then we have famous people spending like 10 million on a car, it seems like its not alot, but really it is alot. I would take it!
2006-08-22 17:21:21 · answer #1 · answered by quest 4 · 1⤊ 0⤋
Compared to 20 years ago, not it's not worth as much. It's still more than many people will ever make in their lifetime. But there are so many millionaires these days, it isn't such a large amount of cash. The millionaire status of 20 years ago is more like the billionaire mark today.
2006-08-23 00:21:47 · answer #2 · answered by a41xblj 4 · 0⤊ 0⤋
It's a lot of money, yes. But how far will it go, depends on where you live.
If you live in the city, major metropolitan area then you might buy a decent middle class-upper middle class house but you're going to have to work.
If you put it into stock you can probably live off the capital if you're a catious spender.
Basically if your settled in (have a house/car) then a million dollars would be enough for a life time, if you keep your job or have a part time job.
If you manage it right it can be a nice pillow......
Rural living would be a different story but I wouldn't know how much sense I live right outside Washington dc and the average family house is nearly a million.
2006-08-23 00:22:59 · answer #3 · answered by Anonymous · 0⤊ 0⤋
A million is still plenty of money... to put it in perspective- Imagine that you made $75,000 a year.. (which is pretty good money) and then consider yourself making that for about 13 years. Now think about having that kind of income for 13 years handed to you in a lump sum. So, a million bucks, if managed and invested properly, could probably give you a $75,000 a year income for the rest of your life without having to work again. The only flip side of that is when you have more time on your hands you are more likely to spend money which would make it harder to live on that kind of income.
2006-08-23 14:42:12 · answer #4 · answered by Joe K 6 · 0⤊ 0⤋
Not these days. If you won a million bucks you would still have to work. Yeah but me too, I remember as a kid thinking that was a huge amount. But seriously my parent's just sold their house for just over 1 million. They are not rich either.... the price of property has just gone up over the years in their area.
2006-08-23 00:22:31 · answer #5 · answered by Lily 5 · 0⤊ 0⤋
Yes & No. Yes, it IS a large amount of cash. No longer will it buy what it could have 20 years ago! A frugal person could make it last a lifetime & still have some of the "finer" things in life. Unfortunately, most people don't know what it is to be "frugal"!
2006-08-23 16:55:40 · answer #6 · answered by Anonymous · 0⤊ 0⤋
a million bucks is still alot of money unfortunately at todays cost of living you are going to need more than a million to take the average sized family with 3.5 children on a road trip vacation around the U.S.
2006-08-23 00:49:08 · answer #7 · answered by redhall1 1 · 0⤊ 0⤋
It is still a lot of money...but consider this - one million seconds is eleven days, one billion seconds is thirty three years.
2006-08-23 00:29:00 · answer #8 · answered by nadia31931 2 · 0⤊ 0⤋
It is. Just think how long it would take the average person to earn that amount, yet alone save it.
2006-08-23 00:20:05 · answer #9 · answered by Anonymous · 0⤊ 0⤋
of course not...don't be dumb. 20 years ago, my house would have cost 75K...today it is worth 1 million...so you tell me. Of course, I am glad I have it, but it is still the same 75K house. Good luck
2006-08-23 00:22:15 · answer #10 · answered by Anonymous · 0⤊ 0⤋