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How long can you live on $100k (USD) economics
Old 10-04-2010, 06:39 PM   #1
larrysb
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How long could you live on $100,000 (USD) in cash?

Assuming that's all you had to pay rent/mortgage, health insurance, car and property insurance, taxes, food, clothing, necessities of life, utilities, debts and all the things you wanted to do and never had time to do before, travel, vacation, visit friends, etc.
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Old 10-04-2010, 09:47 PM   #2
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It wouldn't last very long unless you move to a tropical country with a low cost of living.
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Old 10-04-2010, 09:57 PM   #3
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I'd horde it and use it as needed..like an apt with a roomie.
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Old 10-04-2010, 10:09 PM   #4
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It'd last a couple years at my current lifestyle, which is already fairly comfortable.
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Old 10-04-2010, 10:30 PM   #5
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Being a broke-ass student for so long has made me really good at squeezing value out of every last penny. 5-6 years.
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Old 10-04-2010, 10:50 PM   #6
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At least four years depending on where I lived and with how many people.
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Old 10-05-2010, 12:46 AM   #7
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tropical country dweller here. 100k? you can make that last forever here. start a business. hopefully it's moderately successful. done.

i'd say a year or less in more developed nations.
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Old 10-05-2010, 12:51 AM   #8
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What Nemesis said. I could do 3-4 years in New York with it if I maintained my grad school lifestyle, and 10 years in my home country very comfortably.
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Old 10-05-2010, 12:52 AM   #9
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If I skipped the travelling bit and didn't move out of my cramped apartment, I could make it last 10 years in Canada, maybe 5 years if I splurge.
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Old 10-05-2010, 12:56 AM   #10
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With how i live that would last a few months at best.
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Old 10-05-2010, 09:04 AM   #11
plotthickens
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$100,000 would last my husband and I :
* about 5 years if neither of us worked.
* about 30 years if I stayed home, and then we could both retire.
* about 15 years if he stayed home.
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Old 10-05-2010, 09:56 AM   #12
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I could make it last abot 10 years on my current lifestyle. Probably not worth it tought. Myabe work just a bit, about 10-15 hours a week and you could just keep on living like that for a while.
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Old 10-05-2010, 10:04 AM   #13
themuzicman
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  Originally Posted by larrysb
To view links or images in this forum your post count must be 2 or greater. You currently have 0 posts.
How long could you live on $100,000 (USD) in cash?

Assuming that's all you had to pay rent/mortgage, health insurance, car and property insurance, taxes, food, clothing, necessities of life, utilities, debts and all the things you wanted to do and never had time to do before, travel, vacation, visit friends, etc.

Let's see.. with $100K, I could pay off all my debt, leaving me with around $30k.

Expenses around $2k/month... So, 15 months, no travel or anything else.

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Old 10-05-2010, 10:10 AM   #14
zibber
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  Originally Posted by larrysb
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How long could you live on $100,000 (USD) in cash?

Assuming that's all you had to pay rent/mortgage, health insurance, car and property insurance, taxes, food, clothing, necessities of life, utilities, debts and all the things you wanted to do and never had time to do before, travel, vacation, visit friends, etc.

Well, with that laundry list, it would certainly be a lot shorter than it could be. $100,000 would easily last me over ten years, if I chose it to.

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Old 10-05-2010, 10:25 AM   #15
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You can live 20 years in Vietnam on 100k with cable TV, internet, good food, travel, education, entertainment, taxpayer, expenses for family consumption (conditions: already have a house)

Or : you can live 50 years relatively comfortable on 100k in Vietnam
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Old 10-05-2010, 01:19 PM   #16
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With no changes to lifestyle, a little over four years. With changes, probably twice that.
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Old 10-05-2010, 01:31 PM   #17
darynthe
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A CEO in Ecuador told me 50K would last at least two generations for poor people.
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Old 10-05-2010, 05:18 PM   #18
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that's if they have no relatives... they almost always do and in the dozens
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Old 10-05-2010, 05:20 PM   #19
Imagineering
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Did you see that documentary on the homeless guy who was given 100k? I tried to hide the following paragraph if you are curious about it.

[HIDE=spoiler]Did you see the documentary on the homeless guy? It really pissed me off. First off, he shouldn't of bought that kid a car. Second, he got ripped off at that dealership where he bought his truck and that salesman should of been ashamed. Third, all the money grubbing trashy woman came out of the wood work. He was straight retarded with money.[/HIDE]

I think one could live for 3 years on 100k.
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Old 10-05-2010, 09:24 PM   #20
Sawa Hinuyo
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After some quick math, I figure, that with my current lifestyle, it'd last about 5 to 8 years, give or take something...
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Old 10-05-2010, 09:34 PM   #21
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Honestly, probably 3-5 years.

Dishonestly, but still quasi legal 5-10 years.
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Old 10-05-2010, 10:00 PM   #22
Savagelight
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  Originally Posted by larrysb
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How long could you live on $100,000 (USD) in cash?

Assuming that's all you had to pay rent/mortgage, health insurance, car and property insurance, taxes, food, clothing, necessities of life, utilities, debts and all the things you wanted to do and never had time to do before, travel, vacation, visit friends, etc.

5 years.

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Old 10-06-2010, 01:49 AM   #23
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5 Years modestly if I had to pay for everything. Perhaps up to 10 years if my dwelling was all paid for, there was universal health care and I own a little bit of farm land.
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Old 10-06-2010, 04:49 AM   #24
zibber
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  Originally Posted by Fox
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a little bit of farm land.

Actually, with some smart investment in farm land and equipment and the like, $100k might take me the distance.

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Old 10-06-2010, 05:03 AM   #25
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Indefinitely if properly invested... you could probably even fail once.
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