What would you do with $125 million?

[FinalExpenseDojo.com]

Then you'd be part of the unverified 92% failure stat because zomg nobody would ever leave fe unless they failed.

I know right? I can only imagine the stories they would make up LOL.

 

[PaulieD]

So 125 million invested conservatively at 5% interest would yield 6,250,000 per year income, without touching the original principal. That's 520,833.00 per month or 17,361.00 per day.

So if you did not spend 17,361.00 per day every single day you would have even more money

 

[rousemark]

So 125 million invested conservatively at 5% interest would yield 6,250,000 per year income, without touching the original principal. That's 520,833.00 per month or 17,361.00 per day.

So if you did not spend 17,361.00 per day every single day you would have even more money

Taxes will take a good chunk of that $17K....

 

[JimmyCrappedCorn]

I remember the Mutual Protective/Medico agency I worked for back in the early 80's. The weekly sales meeting was 9AM every Saturday. The old fart name Art that owned the agency was doing mail drops all over Nebraska like crazy. He had about 15-20 agents and they all were pretty much making 1000 a week minimum running those leads. Saturday morning all the agents would turn in their apps to the secretaries at the office door and go into the board room and take a seat at this giant 20 foot long oak table to listen to Arts sales talks for an hour and a half before the secretaries would bring in the checks and Art would hand them out 1 by 1 and announce the amounts. After that the guys started filing out of the office and would often congregate in the parking lot out front. Where it got trippy was their was a bunch of guys in the parking lot hanging out that were not even agents that worked there. Most of these guys were agents that had blown out of the agency in the past. Some of these guys were selling pot and some of them were selling coke and some were even selling stolen diamond ear rings. There was even guys selling food stamps for half price. I couldn't make this stuff up. These guys knew that there were agents in the crowd who had just made 2000 that week and were itching to spend it. I never bought jack from any of em! It bothered me buying something that was hot but many of those agents who had just made a bundle that week did not mind buying hot jewelry for their women at all.

 

[DayTimer]

So 125 million invested conservatively at 5% interest would yield 6,250,000 per year income, without touching the original principal. That's 520,833.00 per month or 17,361.00 per day.

So if you did not spend 17,361.00 per day every single day you would have even more money

Where you getting this "conservative" 5% interest? 2005?

 

[PaulieD]

There are a gazillion funds that will give you that return.

 

[goillini52]

I remember the Mutual Protective/Medico agency I worked for back in the early 80's.

And now they, along with Great Western, are part of the American Republic family. I remember seeing them all the time, but I don't know how many years it's been since I've run into any new American Republic policies Even though they were the competition, I never could completely hate them because Jack Benny was their spokesman. I've always been a big Jack Benny fan(I still watch the reruns). Now that guy can play the violin with the best of them.

The old fart name Art......haha, I see what you did there Jimmy. Fart and Art rhyme. Good job!!!

 

[JimmyCrappedCorn]

And now they, along with Great Western, are part of the American Republic family. I remember seeing them all the time, but I don't know how many years it's been since I've run into any new American Republic policies Even though they were the competition, I never could completely hate them because Jack Benny was their spokesman. I've always been a big Jack Benny fan(I still watch the reruns). Now that guy can play the violin with the best of them.

The old fart name Art......haha, I see what you did there Jimmy. Fart and Art rhyme. Good job!!!

American Republic had a big in house telemarketing operation there in Des Moines until about 10 years ago. They would call around and find people who would talk to them and just ride them until they bought. They would call them 20 times since the agents were on the clock mostly anyways. I would knock them out of 3 or 4 houses and while I was doing that they were on the phone stealing one of my customers. I can't remember the details of their fall but it had something to do with money problems.

 

[Life Hawk]

That's the happiest mug shot I think I ever seen!!

Have to admit he took a great mug shot!

 

[KRobby]

Taxes will take a good chunk of that $17K....

Absolutely.. when looking closely it becomes obvious why the multi millionaires love the tax free municipal bonds. And most want the individual bonds rather than purchasing them through a fund.