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how long could you make $40 million last?

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  • chadwickchadwick up my ass Posts: 21,157
    catester, it is very fare. infact its farelly cheap when knowing the father makes 60X's the kid's monthly child support check each and every month

    if he made $30,000 a year the kid would get what each month, using my fantastic formula?
    $2,500.00 monthly for dad
    the kid @ $41.66

    41.66 is 60X's less than the old man 2500
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  • Phantom PainPhantom Pain Posts: 9,876
    catefrances wrote:
    youre right, a kid doesnt need 11K a month but why shouldnt he/she be entitled if the noncustodial parent can afford it. seems fair to me.

    Obviously he cant afford it

    ;):lol:
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  • catefrancescatefrances Posts: 29,003
    Phantom Pain wrote:
    catefrances wrote:
    youre right, a kid doesnt need 11K a month but why shouldnt he/she be entitled if the noncustodial parent can afford it. seems fair to me.

    Obviously he cant afford it

    ;):lol:


    true that. i wouldve gone for a lump sum up front based on the remaining childhood of the child. least the kid wouldnt be disadvantaged by his/her fathers change of fortune.
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  • rollingsrollings unknown Posts: 7,125
    chadwick wrote:
    BinauralJam wrote:
    But how can you have to pay $11,000.00 a month in child support? what the hell does this kid eat?
    $11,000.00 a month child support. ok, let us iron this out a bit.

    $11 grand a month X 12 month = $132,000.00
    ($132,000.00)18 years = 2,376,000

    what is thefather making annually?
    let's say he's worth $8,000,000 every 12 months
    $8,000,000/12 months = $666,666.67 per month

    he pays the kid $11,000.00 monthly
    he gets paid $666,666.67 (if my math is correct here.
    $655,666.67 is his monthly net worth payment after child support

    im no math wiz... we need a math pro here
    what is the % he pays into child support?

    $11,000.00(60) = $660,000.00
    a shade under his monthly salary of $666,666.67 ($6,666.67 difference)
    the kid's 11 grand is 60X smaller than his father's pay check

    11,000 a month for someone who does make 8 million a year is 1.65% on child support.
    Seems a little light.
  • chadwickchadwick up my ass Posts: 21,157
    Rollings wrote:
    11,000 a month for someone who does make 8 million a year is 1.65% on child support.
    Seems a little light.

    this here folks is what i was looking for, a smart person. this ball player dude pays 1.65% of his salary to his kid.
    that is ridiculous considering he's a multi millionaire. it doesn't work like this with your average family.

    thank you, brainwave- Sir
    for poetry through the ceiling. ISBN: 1 4241 8840 7

    "Hear me, my chiefs!
    I am tired; my heart is
    sick and sad. From where
    the sun stands I will fight
    no more forever."
    Chief Joseph - Nez Perce
  • rollingsrollings unknown Posts: 7,125
    chadwick wrote:
    Rollings wrote:
    11,000 a month for someone who does make 8 million a year is 1.65% on child support.
    Seems a little light.

    this here folks is what i was looking for, a smart person. this ball player dude pays 1.65% of his salary to his kid.
    that is ridiculous considering he's a multi millionaire. it doesn't work like this with your average family.

    thank you, brainwave- Sir

    you're welcome., she-lady record playerette
  • chadwickchadwick up my ass Posts: 21,157
    $11,000(12months)=
    =$132,000(18 years)=
    =$2,376,000 ... from birth to 18 years

    that would be nice to have @ 18yrs old
    even if he and the mom only saved half
    $2,376,000/2=
    =$1,188,000 @ 18 if saved 1/2

    the kid's kickin ass, the mom's kickin ass
    the dad's kickin ass

    the whole deal blows
    for poetry through the ceiling. ISBN: 1 4241 8840 7

    "Hear me, my chiefs!
    I am tired; my heart is
    sick and sad. From where
    the sun stands I will fight
    no more forever."
    Chief Joseph - Nez Perce
  • neilybabes86neilybabes86 Posts: 16,057
    a lifetime


    just don't go super crazy with it and invest in alot of property ...
    i post on the board of a band that doesn't exsist anymore .......i need my head examined.......
  • catefrancescatefrances Posts: 29,003
    neilybabes86 wrote:
    a lifetime


    just don't go super crazy with it and invest in alot of property ...


    yep.. i hear greece will be up for sale soon.
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  • DissidentmanDissidentman Posts: 15,378
    Pretty sure I could get 6-8 months out of that amount of cash.
  • catefrancescatefrances Posts: 29,003
    Dissidentman wrote:
    Pretty sure I could get 6-8 months out of that amount of cash.


    thats during a non pj touring period, right?


    imagine all the bucket hats you could buy. :P :lol:
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  • conmanconman Posts: 7,493
    what if i gave a lot of it away to family and charities?
    would i be considered an idiot?


    i don't want or need that amount of cash
  • DissidentmanDissidentman Posts: 15,378
    catefrances wrote:
    Dissidentman wrote:
    Pretty sure I could get 6-8 months out of that amount of cash.


    thats during a non pj touring period, right?


    imagine all the bucket hats you could buy. :P :lol:

    $8 per hat...40 million...holy shit...
  • catefrancescatefrances Posts: 29,003
    conman wrote:
    what if i gave a lot of it away to family and charities?
    would i be considered an idiot?


    i don't want or need that amount of cash

    absolutely not an idiot.
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  • catefrancescatefrances Posts: 29,003
    Dissidentman wrote:
    catefrances wrote:
    Dissidentman wrote:
    Pretty sure I could get 6-8 months out of that amount of cash.


    thats during a non pj touring period, right?


    imagine all the bucket hats you could buy. :P :lol:

    $8 per hat...40 million...holy shit...

    surely theres a bulk rate... more bucket hats!!!!
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  • mookeywrenchmookeywrench Posts: 5,948
    I guess all those Econ and Communication degrees that they hand out to college athletes don't pay off so well.
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  • cowboypjfancowboypjfan Posts: 2,453
    Holy shit, if it costs $11k per month to have a kid, I'm not interested :roll: :lol:
  • catefrancescatefrances Posts: 29,003
    crazypjfan wrote:
    Holy shit, if it costs $11k per month to have a kid, I'm not interested :roll: :lol:

    worse than that.. it can cost you your sanity. ;)8-)
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  • DissidentmanDissidentman Posts: 15,378
    catefrances wrote:
    crazypjfan wrote:
    Holy shit, if it costs $11k per month to have a kid, I'm not interested :roll: :lol:

    worse than that.. it can cost you your sanity. ;)8-)

    Is that where it went???
  • catefrancescatefrances Posts: 29,003
    Dissidentman wrote:
    catefrances wrote:
    crazypjfan wrote:
    Holy shit, if it costs $11k per month to have a kid, I'm not interested :roll: :lol:

    worse than that.. it can cost you your sanity. ;)8-)

    Is that where it went???

    its where what little i had went. 8-)
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  • RKCNDYRKCNDY Posts: 31,013
    I could make it last me the rest of my life...unlike most sports stars, I don't feel the need to make it rain every night with a few magnums of Cristal.
    The joy of life comes from our encounters with new experiences, and hence there is no greater joy than to have an endlessly changing horizon, for each day to have a new and different sun.

    - Christopher McCandless
  • catefrancescatefrances Posts: 29,003
    RKCNDY wrote:
    I could make it last me the rest of my life...unlike most sports stars, I don't feel the need to make it rain every night with a few magnums of Cristal.


    maybe very second night.. and only 2 magnums?
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  • rick1zoo2rick1zoo2 between a rock and a dumb place Posts: 12,632
    RKCNDY wrote:
    I could make it last me the rest of my life...unlike most sports stars, I don't feel the need to make it rain every night with a few magnums of Cristal.


    alcohol whipped cream is much cheaper :mrgreen:
  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,262
    mookeywrench wrote:
    I guess all those Econ and Communication degrees that they hand out to college athletes don't pay off so well.

    What are you talking about? I never see any athletes come out of school with econ degrees. :think:

    Econ and Comm? Not even close to being in the same category of easy degrees. Comm, yes, econ, not so much.
  • RKCNDYRKCNDY Posts: 31,013
    rick1zoo2 wrote:
    RKCNDY wrote:
    I could make it last me the rest of my life...unlike most sports stars, I don't feel the need to make it rain every night with a few magnums of Cristal.


    alcohol whipped cream is much cheaper :mrgreen:

    ok, alcoholic whipped cream may not allow me to make it last the rest of my life.... :lol:
    The joy of life comes from our encounters with new experiences, and hence there is no greater joy than to have an endlessly changing horizon, for each day to have a new and different sun.

    - Christopher McCandless
  • Johnny AbruzzoJohnny Abruzzo Philly Posts: 11,920
    RW81233 wrote:
    I'm not making an excuse for this particular person.

    This is exactly what you are doing.

    You blame the education system, but this is a person who received a full ride scholarship. And surely received loads of prudent financial advise. Come on. Be serious.

    And like pjhawks said, the politicians or teachers or whoever aren't the ones turning inner city schools into war zones.
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  • The JugglerThe Juggler Posts: 49,460
    FenwayFaithful wrote:
    Antoine Walker lost 96 million in less than 10 years. And he lost his wife to Chad Ochocinco. Amazing these idiots don't listen to their financial advisers.


    well...

    "Between 1999 and 2002, the NFLPA estimates, 78 players lost a total of $42 million in acts of fraud perpetrated by financial advisers."
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  • Jearlpam0925Jearlpam0925 Deep South Philly Posts: 17,262
    I think the easiest way to sum all of this up is - the majority of pro athletes are not smart. They didn't get where they did because they could solve for beta. Why is anyone surprised?
  • catefrancescatefrances Posts: 29,003
    Jearlpam0925 wrote:
    I think the easiest way to sum all of this up is - the majority of pro athletes are not smart. They didn't get where they did because they could solve for beta. Why is anyone surprised?

    cause its a shitload of money. but i think were more flabbergasted than surprised.
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  • The JugglerThe Juggler Posts: 49,460
    catefrances wrote:
    Jearlpam0925 wrote:
    I think the easiest way to sum all of this up is - the majority of pro athletes are not smart. They didn't get where they did because they could solve for beta. Why is anyone surprised?

    cause its a shitload of money. but i think were more flabbergasted than surprised.
    :o
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