Is two million dollars enough to survive on

Question

daddy is cutting me off and is setting me up a bank account with 2 million dollars. i've never had to think about how much things cost until now. i've never even touched a dollar bill, ew! will i have to live in an apartment with a roomate? should i get a black one or a white one? will mcdonalds hire me? should i apply for food stamps? help!!!

Answer 1

You'll get many people pouncing on you with investment advise (which should not be given in this forum because its illegal) but as a general rule of thumb if you can determine your monthly living needs then you can set that money into a safe vehicle that produces cash flow to sustain it. The two most important things are SAFETY AND YIELD.  So to answer your question.....yes you can live off of 2 million and you dont have to put in your mickey dee's application just yet. Good luck

Answer 2

With the lifestyle you're accustomed to, you can live a couple years well off that. However, if you don't manage your money carefully, you'll be living in a trailer park popping out kids one after another and wearing cheap jeans because they don't make the "cool" ones in your future size.

Oh heck. Walmart would be a luxury. lol. You'll probably have to buy your clothes at the Goodwill store, Big Lots, Family Dollar Store. Ha ha.

You had better be smart and invest your money where you can live off of the interest rather than blow it.

Answer 3

Yes, OMG.

Two million dollars is enough to survive on.

1000 dollar is enough to survive on.

But depending on the type of person you are, where you shop, the friends you have, your lifestyle. It might not be enough.

You might go waste it all on shopping, and then you'll be broke.

If you are wise with your money, then 2 million dollars will be enough for you to survive on. Just don't spend it all at once.

Answer 4

If your are over 65 years of age two million will be alright.  Younger than that and you will be broke in 10 years.  Suggest you take some financial classes and learn about budgeting.

Answer 5

yes hurry and apply for food stamps you poor thing lol

Answer 6

This is FUNNY!!!!

This is what Paris Hilton would be like if she was on Yahoo Answers.

Answer 7

Nice story.......

Answer 8

Oh man lol 2 mill? Heck yeah that's enough. Just watch what you do and it should at the very least last a couple years. It's exactly what everyone else is saying it depends on what type of person you are. If your really that worried then you'll be able to keep an eye on what your doing and you should be just fine.