Need to earn 1,5Mio Dollars in 1 Year
As the title suggests - I "need" to earn 1,5Mio Dollars in 1 Year
I speak 5 languages, technical background, 15 years of job experience
If u'r interested, answer me
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what are Mio dollars?
yes, please don't get me wrong - this is not a joke or any kind of "trolling" post - I really "need" it
you didn't answer my question...
I'll bite. What do you "need" it for?
His wife is kidnapped and the ransom is $1.5 mil. DickFuld it's your chance to save a life.
yes -1,5 Million USD the answer is easy: My brother has a family. Psychologically he is incapable of working in a "normal" working environment, but inside of him lies a great book writer that "needs" to be developed - for this I "need" this money. I want to give him that money so that he doesn't need to work and can finally write his book. Again - I'm not joking and this is not a "wife kidnapped" or "cancer" story - this is just love for my brother that I am prepared to bleed for
http://www.businessinsider.com/ways-to-make-money-from-medical-research…
I am happy that you can see some amusement in this story - hope u'r enjoying yourself
fuck you guy
http://www.wallstreetoasis.com/forums/turned-my-live-4000-account-to-44…
this guy could prob help you out
I know an African prince who can give you $1.5 "Mio" if you send him $2000 so he can access his bank account.
thanks for your advices...
It costs 1.5m to write a book? Are you printing the pages on $100 bills?
It'd still be 30,000 page book, assuming you print front and back.
I could employ you to wash my car
You said you are "prepared to bleed for", I know of some seedy back channels aka my guy Frank Reynolds who you can sell some of your healthy organs for extra cash. Meet me at Paddys Pub and we can discuss more.
ok, I'll try to explain to more detailed.
Why 1.5 Mil. USD: For my brother - not for the book. And I don't know if he could sell it afterwords. I estimated that he and his family would need ruffly 35.000 USD/year (apartment, food, cloths...). If he gives up his search for work (he has been trying for the past 4 years - and I have supported him financially so far) he needs to have a sort of stability for the future. I assume he will live another 42 years (hopefully more) - so 35k * 42 years = 1.47 Mil. USD. The rest is for me - if I would work for 1 year, I also would have to spent some money.
Again: I am not bagging anyone for money - I want to earn it and need your advise.
Maybe I should rephrase my question: How could I earn so much? How much should I invest (and be veeery lucky) in order to earn so much in such a time?
thanks
So basically you want to earn enough money for him never to have to work?
Well, $1.5m isn't much over 42 years. Assuming you both need $35k/year then that just means all you need is a job that pays $70k/year. A lot of jobs pay that money, especially once you get some experience.
either you are ESL and stupid or this is the worst troll attempt ever.
if you love him this much, get a job and let him live for free, you don't need 1.5mm to do that, you need a job. or he could do what makes sense, get a job and write the book in his spare time.
thebrofessor no, not a troll... and if you need so little to judge a person "... you are ESL..." - well that's your way of thinking. For my live I need more then 35k - but this should not have anything in common with this topic :) . So, no - I can't get a job that good paid and be sure that for the next 40 years I will stay there...
Whyphy Yes - I don't want him to work again. And as I've described - he needs about 35k/year (HE, not me - I earn my money) ... 42years * 35k = 1.47 Mil. USD
I can excuse grammar, but I can't excuse idiocy.
why on earth would you not want your brother to ever work? why does he need the lump sum now? why can't you support him on an ongoing basis?
and if you're unsure that you will be able to work for the next 40 years, then maybe worry about yourself not your brother.
social welfare programs supporting idiots like this really makes my blood boil. I'm most certainly not feeling the bern
+1
You cannot do this. I guarantee that given your probable level of understanding of human life on planet earth, earning this quantity of money in that short a time frame is simply not possible. Not merely improbable, but entirely impossible. You're more likely to become POTUS in November than you are to earn that much money in a 365-day span.
35K in 2058 dollars isn't 35k in 2016 dollars. If you want to provide a stream of payments for the next 42 years, you need to set up a trust with $532,859 (assuming you can get 6% net of everything) that makes annual payments of 35,000 to your brother. You will have to gift him this money each year, which you will be taxed on after the allowable gift contribution. If you gift him the Annuity, he will be responsible for the taxes on interest which, judging by his current situation, would be a burden best kept on your own shoulders.
Assuming you also want to provide compensation that is reasonable based on living expenses, you will need to account for inflation. Using 3% as the annual inflation rate, the final year payment will be equal to just over $121,000. However, because this payment is 42 years in the future, you only need to account for 8.6% of that now as your 6% growth rate, which is modest, will compound over the course of 42 years and provide the remainder.
Ultimately, you will need to put a lump sum of $841,833.60 into an annuity, which will then provide the stream of payments starting 1 year from the date of deposit.
The good news: You don't need to give your brother $1.47 million The bad news: Based on the amount of money required, you'll still need to earn at least $1.5 million this year in order to take home enough post tax dollars to set up the stream of payments. The worse news: Unless you already have the money, you're probably not going to earn it this year. Unless you're a pro athlete and you forgot to mention that to us.
Now, if you believe in the long term prospects of CenturyLink, for example, you can get a little more creative. They currently have a 6.71% dividend yield, which means you would only need to invest around $522,000 in the company to earn $35,000 per year. This relies completely on the assumption that the company will continue to pay a dividend in this ballpark for the next half century. It also relies on the ability of CenturyLink to achieve capital appreciation or dividend growth that is equal to or greater than inflation over the same time period, to allow the dividend payments to increase accordingly. In this situation, you also have the opportunity to sell all the stock to your brother for a penny, and there will be no taxable transaction. Your brother will be responsible for long term cap gains on his dividends and or the gains in the event of a sale, however because he is a degenerate author with no job, he falls below the $37,650 threshold, allowing him a 0% federal cap gains tax, as long as he holds. State and local taxes apply, but you can pay those since you're such a good brother.
The good news: you don't even need $842,000 to set your brother up The bad news: you still are on the hook for over 500k post tax, so you're going to need to earn $1m, pre tax.
I hope you have 15 years of investment banking or equivalent experience and an m7 MBA, or can throw a baseball 100mph with accuracy.
I doubt OP can even get the ball to the plate, would probably be like when 50 cent threw out the first pitch
What if we covered him in sponsorship decals and his lack of coordination/skill goes viral and we rake in the advertising dollars, monetize the identity, and milk that puppy.
Guys, we're gonna be rich.
@VanWilder" first of all a huge thanks to you! For your time and for taking me seriously (I hope :) ). Ok I see - so either way I do need a huge amount of money for the beginning... No - I am not an athlete but I do have 15years of prof. experience in my field (marketing) - but this is by far not enough to earn this money in such a short time. It seems to me, that I should leave that Idea and either find an other way or simply let him be.
thebrofessor If your blood is boiling then you definitely should eat some ice cream - sometimes this helps to cool things down. this is not a "social welfare program" - this is family. And believe me, If I would see an other way, I wouldn't waist your time.
Anyway - to everyone: thank you very much for your patience and your time! I believe VanWilder has given me a very detailed explanation why this is a complicated idea. Maybe a part-support will do.
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