earning 6 figures, eating out, being cool, driving a luxury sports car, watching sports on your 42" TV and vacationing in Europe
I work for an organization that spent about $2.8M into the Philippines in 2006 and a little bit more by the end of this year, by way of programs and projects in education and healthcare.
2007-07-16 20:24:20 · 19 answers · asked by Anonymous in Travel ➔ Asia Pacific ➔ Philippines
YES but it still doesn't make you noble nor does it give you a personality.
2007-07-16 20:32:38 · answer #1 · answered by PC 7 · 4⤊ 1⤋
It is enough if an individual owns it but an organization that owns it make you question the depth or capacity of that organization because it is definitely a little amount that can probably last an organization for just 6 months.
$2.8 M is a big amount of money that a person can live with for less than a decade if an individual owns it. But if its an organization then it's just enough to help out some people in the present. $2.8M is a good amount of money but only for a small organization. A lot of companies have have more than 10 times that amount or even Millions of dollars to invest in the Philippines. It might be good in rural areas though for a short while.
2007-07-17 03:25:57 · answer #2 · answered by Leander 5 · 1⤊ 1⤋
I suppose it depends on your definition of a life of luxery. Could you buy literally everything you ever wanted and hob-nob with the rich and famous? Unless your everything you ever wanted can be found at Wal-Mart, probably not.
However since with 2.8 million dollars even in the most basic of savings accounts you could easily get an interest rate with an APY of 4% which would yield over $112,000 dollars a year (and that's just usung a flat calculation, not taking into account compounding the interest), which is more than enough to live a pretty nice life without ever working or worrying about where your next paycheck will come from. And that's just with the most basic savings/investment plan. Obviously you could get more creative and get a better APY / ROI than 4%.
2007-07-16 20:35:37 · answer #3 · answered by Some dude 4 · 2⤊ 1⤋
So, you spent the $2.8M on yourself and not on projects for education and healthcare. And you call yourself noble. Phfffft!
2007-07-17 06:34:14 · answer #4 · answered by weng 2 · 1⤊ 0⤋
If you're the same Well, with an edit on the 2.8M gag...
You enjoy getting negative attention, don't you?
2007-07-17 04:16:30 · answer #5 · answered by ScarletRaven 5 · 2⤊ 1⤋
You can't live a life of luxury on money you don't own. Go ahead and dream.
2007-07-16 20:31:05 · answer #6 · answered by boyplakwatsa.com 7 · 3⤊ 1⤋
Dude... $2.8m?! I'm sick of it.... chickenfeed man... do you realy think you can change the world with $2.8m?!
2007-07-16 22:11:25 · answer #7 · answered by waduck362000 2 · 3⤊ 0⤋
for a short while
2007-07-16 20:27:51 · answer #8 · answered by luna 5 · 0⤊ 1⤋
Not as luxurious as you think.
2007-07-16 20:34:42 · answer #9 · answered by Anonymous · 0⤊ 0⤋
no, only a 42 inch tv? i have a 79innch
2007-07-16 20:32:26 · answer #10 · answered by Anonymous · 2⤊ 2⤋