Posted on 08/11/2016 4:08:46 PM PDT by DUMBGRUNT
He had a $20.5 million contract, but is now out of the league — and millions of dollars...
“I looked at my bank statement and thought, ‘where did this come from?’ they took advantage of me,” he said of his friends and family members.
They had paid for 11 Netflix accounts and eight Hulu accounts in his name. They also made many purchases on Amazon and charged him for bottle service at bars.
(Excerpt) Read more at marketwatch.com ...
Amen. You appear to be wise beyond your years. Good job.
KJV is my pick too!
I just picked the first translation that came up.
Technically, you’re right. However, as I and many others here have explained, it’s not as large as a sum of money as one might think it to be. $40 million, if you live relatively modest lifestyle, will probably last you a lifetime. But it wouldn’t last much longer than that. If you want to stretch it out you have to put that money to work, whether it be in a business or stock market.
Try this, take $50,000. Add three percent inflation to it, to represent a year. Add the $50,000 and the following year $51500 to it. Than add another year of three percent inflation and add the three years together, for a total of $154,545. Keep doing that for a 60 year period and see what the total is after 60 years. That’s just a simplified illustration of how little money there is, even in mega million dollar jackpots.
The key is to put the money to work.
That's strange. We have a basic account, was $8 until this month raised to $10. And we have 5 devices alone at our home that use Netflix, and a couple others in use by two relatives in two other homes - that's 7 devices at least, all on our single account. Maybe a glitch? I don't know how many logged in simultaneously, haven't tracked that. Will have to try more than 2 simultaneously. Anyway, we love Netflix and wouldn't mind paying more.
It may be nice that you can see it like that, but I have to go with
#21 by Roman_War_Criminal.
Proverbs 17:16
Why should fools have money in hand to buy wisdom, when they are not able to understand it?
It seems that there are some pretty simple rules of thumb.
You come into a large chunk of moola you pay off your bad debt and invest the rest safely so you can live on the interest and don’t ever spend the principle and continue to save 10% or better and don’t forget to tithe to God first.
Now if I just would have listened to my dad way back, I would be there by now. Debt is poison.
One...it depends on how old you are...
Two...millions of people think One Million is a ton of money..and it's not unless you are 80 years old.....
But you don't think $40 million is a large sum of money?!?!? Absurd.
Go, and meet with the "many others here that have explained"
Get back to me with more moronic statements..............
he pissed away his wealth. sharing it with friends because they need it for something important is virtuous. doing it for cable and bottle service from hot babes is being reckless. he had no idea he was getting billed for all this stuff as they were having it all billed to him.
none of this is good. its all about personal greed and not managing what you’ve been blessed to have.
Yeah I did..........
Perhaps, but they didn’t do it with Netflux or Hulu accounts. Those are dirt cheap!
Stupid article ...
How did they really sornd the money?
I was once 160K ahead in black jack, and ended up 75K in debt. It was an experience.
The fact that you think it’s a lot of money makes you bad at math.
You are an idiot.
Why not, he ripped off the Browns and Colts owners and fans!
Know when to hold them....Know when to fold them.
I may not be as intelligent as I wish to be, but I know math well enough to know that it’s not as much as you think it to be.
I’m sure you were an exceptional child in other ways, maybe.
I don’t think either team was forced to offer the guy a contract. It was a mutual business proposition.
And actually his stats in Cleveland weren’t that bad for a rookie given the crappiness of the team. 15 games, 950 yards.
I didn’t, I got greedy, and didm;t follow my own rules for playing.
Had a neighbor who won a few millions in the lottery back in the 80s when a million was money. They had a modest home on some acreage. They raised Arabians and lived within their means. When they won, they improved the ranch and added an exercise ring. That was about it—no new cars, no huge parties, nothing. They were nothing like the majority of people who win. I’m pretty sure they still have more than what they won...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.