Comments on: Poll Results of The Million Dollar Spending Survey http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 02:16:11 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: James.hille http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3792 James.hille Wed, 26 Dec 2007 10:56:26 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3792 I think this post is the best post that I have ever read before. It sounds good. I believe in you that even a single bug would make our savings help..But $1 million may not be a lot for every one, but it makes a lot of difference.. I think this post is the best post that I have ever read before. It sounds good. I believe in you that even a single bug would make our savings help..But $1 million may not be a lot for every one, but it makes a lot of difference..

]]> By: Pam Hoffman http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3633 Pam Hoffman Sun, 16 Dec 2007 05:07:17 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3633 You Wrote: "Thinking about these types of questions are the reasons why we all buy lottery tickets." Um, I have never bought nor will I ever knowingly buy a lottery ticket. For the same reason I would spend less than 5% of that Million. I'm with some of the other people here - I'd invest it all and live off of the passive income. Then I'd figure out how to make THAT money make more money and so on. You can't always save. When my daughter lived at home, I paid rent, utilities, food and car expenses - really basic stuff, and I had $40 a month left over. How the heck do you save on that budget? I did a spread sheet on all of that and extras (where there were a bunch of zeros) and my daughter quit asking me for money all the time. She thought I was holding out on her or something! The only way I could work in haircuts, presents for holidays or birthdays was I would OCCASIONALLY get one extra check a month. Seriously, I was making good money at my J.O.B. then. It was all consumed by my expenses - I was in Torrance, CA at the time. Never mind emergencies. Now, I work for myself and it's all going out still, so far. That's gotta change. 2008 is going to be the year it will all come together! I've got a plan. :) Pam Hoffman pamhoffman@cox.net You Wrote:

“Thinking about these types of questions are the reasons why we all buy lottery tickets.”

Um, I have never bought nor will I ever knowingly buy a lottery ticket. For the same reason I would spend less than 5% of that Million. I’m with some of the other people here – I’d invest it all and live off of the passive income.

Then I’d figure out how to make THAT money make more money and so on.

You can’t always save. When my daughter lived at home, I paid rent, utilities, food and car expenses – really basic stuff, and I had $40 a month left over. How the heck do you save on that budget?

I did a spread sheet on all of that and extras (where there were a bunch of zeros) and my daughter quit asking me for money all the time. She thought I was holding out on her or something!

The only way I could work in haircuts, presents for holidays or birthdays was I would OCCASIONALLY get one extra check a month. Seriously, I was making good money at my J.O.B. then. It was all consumed by my expenses – I was in Torrance, CA at the time.

Never mind emergencies.

Now, I work for myself and it’s all going out still, so far.

That’s gotta change.

2008 is going to be the year it will all come together! I’ve got a plan. :)

Pam Hoffman
pamhoffman@cox.net

]]> By: Grant http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3630 Grant Sat, 15 Dec 2007 19:48:22 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3630 Yep, I think nearly 100% would be invested. Yep, I think nearly 100% would be invested.

]]> By: Modern Worker http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3595 Modern Worker Thu, 13 Dec 2007 15:34:25 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3595 I'm working towards living off passive income/interest. It's a far off goal, but a fun path to follow and work hard at =) I’m working towards living off passive income/interest. It’s a far off goal, but a fun path to follow and work hard at =)

]]> By: Fiscal Musings http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3586 Fiscal Musings Thu, 13 Dec 2007 03:34:15 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3586 I probably wouldn't spend any of it. I actually enjoy investing and would most likely only spend some of the gains. I'd probably use it to buy rental real estate. I probably wouldn’t spend any of it. I actually enjoy investing and would most likely only spend some of the gains. I’d probably use it to buy rental real estate.

]]> By: Double Journey http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3585 Double Journey Thu, 13 Dec 2007 00:23:03 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3585 Pay taxes, buy myself something nice around $20K, and then invest the rest. My girlfriend would laugh at that. She would say I wouldn't even spend the $20K, and that I would invest it all. She may be right. I'm addicted to saving and investing. Pay taxes, buy myself something nice around $20K, and then invest the rest. My girlfriend would laugh at that. She would say I wouldn’t even spend the $20K, and that I would invest it all. She may be right. I’m addicted to saving and investing.

]]> By: Mitch at Money News http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3584 Mitch at Money News Wed, 12 Dec 2007 23:33:21 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3584 I voted for 30%. Since I figured I'd have to have some for taxes if I can't get it deferred somehow. Also since I'm currently paying rent, I'd go and buy a condo to free up a huge chunk of the monthly income I get. Anything left over I'd start investing with, but having a place to live that's paid for would be my first option. I voted for 30%. Since I figured I’d have to have some for taxes if I can’t get it deferred somehow. Also since I’m currently paying rent, I’d go and buy a condo to free up a huge chunk of the monthly income I get. Anything left over I’d start investing with, but having a place to live that’s paid for would be my first option.

]]> By: Money Blue Book http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/comment-page-1/#comment-3581 Money Blue Book Wed, 12 Dec 2007 22:47:11 +0000 http://moneyning.com/poll/poll-results-of-the-million-dollar-spending-survey/#comment-3581 $1 million may not be a lot if you want to live like Britney Spears, but it'll do just fine for me. Heck, if I had an extra $10,000 even, I'd be elated! -Raymond $1 million may not be a lot if you want to live like Britney Spears, but it’ll do just fine for me. Heck, if I had an extra $10,000 even, I’d be elated!
-Raymond

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