to live like a millionaire you need at least eight million pounds. That's no doubt gone up by now.
EDIT: Also, I wish I'd had a heavy night. I'm sick :(
(the_rhyme_ministerhas a little bit of gold and a pager,
Sat 11 Oct 2008, 14:40,
archived)
Aye,
It is true.
I believe that you would make £18,000 pounds interest a year off a million pounds. Which although I wouldn't complain about, isn't really a lot of money. I think it was Michael Winner who said what you are referring to....
(the_rhyme_ministerhas a little bit of gold and a pager,
Sat 11 Oct 2008, 14:50,
archived)
living off interest is for chumps though
you are giving free money away to the bank while at the same time watching the purchasing power of your cash slowly leak away over time and that's before it's even taxed
OH GOD, I'M PICKING UP CITY WORKER DISEASE!
*snorts coke*
"FAAAKIN GREAT CHARLIE!!"
oh shit!
(discomeatsThis canoe,
Sat 11 Oct 2008, 14:53,
archived)
Ha ha ha!
You have to speculate to accumulate man!
I speculate that the Nikkei is a pile of wank, now I am accumulating a giant COke Habit!
(the_rhyme_ministerhas a little bit of gold and a pager,
Sat 11 Oct 2008, 14:58,
archived)
*applauds*
(mediocreha ha ha, you're reading this,
Sat 11 Oct 2008, 14:58,
archived)
bollocks, even if i lived to a hundred,
that's about 13,000 a year. even given inflation, i'd need far, far less than that to live off for the first few years, maybe even decades. that's even if i don't invest wisely, or whatever.