Say you justed migrated to America, you choose a nice town or city (reasonable cost of living), rent a place and live normally. How long before your $100,000 runs out? Include interest you make from putting it in a bank savings account.
2007-01-12 01:15:37 · 15 answers · asked by ali 6 in Society & Culture ➔ Other - Society & Culture
Some of you guys give 2 years? So, in other words you need to make at least $50,000 a year, otherwise you die? Is it so easy to make $50,000 a year?
2007-01-12 01:25:11 · update #1
There are many Americans who somehow manage to survive on about $10,000 a year actual income, so if you invest your $100,000 in a stock index fund that has historically returned around 10% a year, you could theoretically survive in America without ever earning any extra money through a wage.
If you put $100,000 in a bank savings acount, it will earn next to nothing, so how long it lasted would depend on how fast you spent it.
2007-01-12 01:22:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I would open a bank account first and live off the interest for starters. surviving is a matter of choice is it not? I am not American but have been to LA and San Francisco, 2 beautiful places to visit, but the poverty is unreal, those people are surviving. I think you would live well if you chose wisely to put your money in a bank or term deposit and live off the interest until you found a job considering also if you needed to buy new clothes and if you lived in a big or little town. I suppose you had better ask an American. One thing I can say, you won't starve as the food is reasonable and the portion sizes are huge. I only ate 2 meals a day. As I kept my leftover breakfast for lunch. haha
good luck with a more reasonable answer to this question.
2007-01-12 01:24:47 · answer #2 · answered by Mrssunshine 2 · 0⤊ 0⤋
4 to 5 years.
2007-01-12 01:22:49 · answer #3 · answered by R S 4 · 0⤊ 0⤋
Considering the just-migrated part of your question and the need to buy furniture, a car, and all those sorts of things right away, I'd have to say maybe 2 years at the most. A cheapskate could probably get 5 years out of it.
2007-01-12 01:21:54 · answer #4 · answered by krustykrabtrainee 5 · 0⤊ 0⤋
if you buy a house in upper michigan for like $50,000, you could survive pretty long, maybe 3 to 4 years. it depends how you live and what your material wants are.
2007-01-12 01:27:51 · answer #5 · answered by Matt P 3 · 0⤊ 0⤋
I lived for a couple of months on a nickel once. So that kind of mullah would be a boon for me. Send the check to ...1234 Acorn street. LOL!
2007-01-12 01:22:04 · answer #6 · answered by Anonymous · 0⤊ 0⤋
About 4 years if you keep to a budget.
2007-01-12 01:21:43 · answer #7 · answered by Anonymous · 0⤊ 0⤋
In the southeast (where I live) you could probably get by for 2 years if you lived very cheap.
2007-01-12 01:21:14 · answer #8 · answered by bhriannh 2 · 0⤊ 0⤋
Anywhere from 1 year to 4.Assuming you have no children or you're not a sugar daddy.
2007-01-12 01:31:33 · answer #9 · answered by Anonymous · 0⤊ 0⤋
NYC...2 yrs.
Muncie, Indiana...4 years
2007-01-12 01:20:36 · answer #10 · answered by Anonymous · 0⤊ 0⤋