Agents and police officers said they confiscated thousands of pills and vials!!!

[Laser0001]

OK lets take a look at "2 Mil":

We'll take out $500K for a love shack.
And let say another $100K for car, furniture and etc.

That leaves us $1.4Mil.
Like you stated you need to "manage properly" the remaining funds. The "average" investor gets lets be generous and say 7%. So that equals to $98K/yr. MINUS 30% in taxes which leaves us:$68.6K/yr or about $1319/wk.

That is not alot of money to pay taxes, ins, fun money, food, travel etc. AND mind you that if you just stay at the 7% (which the avg person couldn't ever get) and you spend all your interest you are losing about 2-3% a year due to inflation and rising costs. Think about how much taxes and health ins has gone up in the last 3-4 years. Don't forget you are going to be paying $600-800/month for that now being that you are "retired". The principle balance would dwindle rather quickly also if you had a couple years thrown in that you didn't make your 7%.

In the big picture yes, $2million sounds like alot, but I feel the "average American" would be broke in less that 15years.

Any comments...........................?????????

You cannot put that money in a bank or spend more then 10,000.00 at a time without forms being sent to the IRS

 

[rich197]

remember smart dealers don't end up on the news!!!

 

[wetback]

remember smart dealers don't end up on the news!!!

This is an oh so true statement. The "good" ones you never hear about because they do not fall trp to the greed and stupidity that get the others caught.


And regarding getting the $$$ into the bank.........it is not all that hard to do. And it is easier to hide than most would think.........................or at least that is what I have heard

 

[manny78]

Damn... if I racked up 2 mil in cash from gear sales (or ANYTHING, for that matter) I'd probably quit playing with fire, buy a couple of houses in a couple of countries, and retire as a happy man... especially if I was 51 years old!

-M

You have 1M, then you want 2M, you have 2M, you want 10M... it's basically an addiction...

 

[wetback]

You have 1M, then you want 2M, you have 2M, you want 10M... it's basically an addiction...

This is deffinately true................that is where the maturity and experience comes in. There is a time to play and a time to call it quits. Then when things chill out, you can go and play again. GREED is the killer of all successful businesses and careers !


Or so I've been told.............

 

[x_muscle]

2 million in his house.................and wasted!!

all i can say.........Too Many Freaks... ...Not enough circuses

 

[pharmguy]

I hope it isnt the guy whose name you wouldnt say * times

 

[Sixstix]

/\

 

[PrincePRIMO1]

I read in the article that this person was having the steroids shipped directly to his home// He was begging to be caught, IMO//

 

[spentagn]

OK lets take a look at "2 Mil":

We'll take out $500K for a love shack.
And let say another $100K for car, furniture and etc.

That leaves us $1.4Mil.

Finance it all. Pay your low ass interest on the house/car/etc. Invest the cash up front, and net the long term gains. LT investments = no capital gains taxes, which also increases your dollar amounts.

Like you stated you need to "manage properly" the remaining funds. The "average" investor gets lets be generous and say 7%. So that equals to $98K/yr. MINUS 30% in taxes which leaves us:$68.6K/yr or about $1319/wk.

Assets are better allocated on targeted returns. And your 7% number is rather low. Historical gains, including the Great Depression, are closer to 11%. Properly invest your money, and you won't be paying those kind of taxes.

In the big picture yes, $2million sounds like alot, but I feel the "average American" would be broke in less that 15years.

Any comments...........................?????????

I'd say less than one year.