Pickering Angels

If you had 2 million in the bank, what would you do?

JamesDouglas

Active member
Nov 10, 2011
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You don't need 20 million to be very comfortable, that's absolutely ridiculous. With 3-4 million in the bank you'll be beyond comfortable if you don't buy worthless garbage or buy bentleys everyday.

The average Canadian makes, what, 50k a year? After working for 40 years and retire they would have made 2 million before taxes, so I don't think anyone should be saying that you can't be comfortable having 2 million dollars in the bank, that's insane.
 
Some may disagree, but 2 mil. is not a huge amount of money.

I would live life a little better, do more things but nobody would notice a big difference. I know a guy that inherited 1.5 mil., He went hog wild. He bought a better house, an extra vehicle that he did not need ( Honda Ridgeline $42k ), ATVs, snowmobiles, Harley Davidson. Seven years later, all his toys are 7 years older and all his inherited money is gone.
I knew a guy who inherited a lot of money, but at the time he had drug problems and the death of his parents too a toll. He ended up with a lot of money had nice clothes and was essentially homeless. When i met him, he was sharply dressed, a recovery crack addict, an alcoholic and had no money to his name. He would go to the gay district and get guys to buy him beer and probably went home with them. But he claimed to be straight and he was a hit with women. The whole thing sent him into male prostitution and gay porn. Im sure that wasn't his parents intentions at all, but he needed to do something to keep up with the lifestyle he was accustomed to. Can you imagine? I would never have know that if my best friend didn't know him since grade school.
 

mrsCALoki

Banned
Jul 27, 2011
4,936
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$20 million. Is that how much your hubby is worth? You love doing calculations on his money, don't you. hehehehe
No, he has a bit more than that. I did not know how much he was worth till we had been married several month. We are in the investment income bracket where it is less expensive to cruise the world as non residents than it would cost to live in Canada and pay income taxes. :)
 

GG2

Mr. Debonair
Apr 8, 2011
3,183
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No, he has a bit more than that. I did not know how much he was worth till we had been married several month.
Of course. No girl needs to know the exact dollar amount their sugardaddy-for-life is worth. Just knowing that he is rich is enough in the beginning.

You must have been beaming when you tied the knot. You clinched it. You could no longer be replaced on a whim. Now all you have to do is have his kid and you're set with at least half of his net worth.

If I meet a rich woman with decent looks who somehow agrees to marry me, I'm making sure she is off the pill and I'm dropping bucket loads of my seed in her until I become a daddy. If the marriage breaks down, she can have sole custody (who wants to care for a kid?) and I'm off to the races with lots of cash!!!
 

mrsCALoki

Banned
Jul 27, 2011
4,936
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Is that the same place you will get your health care or will you get it somewhere that tax payers paid for it;)
Actually we went to the US for LL's annual physical even when we lived in Canada. I am about to give birth in London but since I travel with a British passport the Crown pays part of the bill. The sister we are paying for. The taxes in Canada far exceed any possible health care costs for us.
 

mrsCALoki

Banned
Jul 27, 2011
4,936
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If he really looks into it with a tax lawyer well informed and experienced in that specific field, he will find that you have to establish affirmative residency in another jurisdiction. Going on vacation on a little 50' boat in Florida won't pass muster... if he is ever audited.

Among so many other things he would have had to formally settle his estate (as if he had died) before he ceased Canadian residency for tax purposes. That means paying up all capital gains (even if yet unrealized).

But I'm sure his tax lawyer told him all this already.
We are renting the house in Canada. WE live on a boat that flies the flag of an income tax free country. As long as we sleep on the boat most nights and it is NOT in Canadian waters a significant amount of time, we are non-residents.

Income from Canadian sources can be taxed but you do not have to "settle your estate". We have investments in several countries.

Our Canadian lawyer consulted with appropriate people before we were advised how to do it. And our boat is a little over 50 feet. I think it is the perfect size but LL wants to get a bigger one so we can have a house keeper. What do you call a house keeper sea?
 

mrsCALoki

Banned
Jul 27, 2011
4,936
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Of course. No girl needs to know the exact dollar amount their sugardaddy-for-life is worth. Just knowing that he is rich is enough in the beginning.

You must have been beaming when you tied the knot. You clinched it. You could no longer be replaced on a whim. Now all you have to do is have his kid and you're set with at least half of his net worth.

If I meet a rich woman with decent looks who somehow agrees to marry me, I'm making sure she is off the pill and I'm dropping bucket loads of my seed in her until I become a daddy. If the marriage breaks down, she can have sole custody (who wants to care for a kid?) and I'm off to the races with lots of cash!!!

And that attitude from others was our biggest headache in being together. We are on our third pre-nup now. I refused marry him less he signed one. The original one ensured that I left with no significant gains from having married him. I would leave with personal items and enough money go back and finish my training.

He insisted we change it after a few months because he decided it was too controlling. A clause was added that defined some money as my personal item. I could leave at any time and walk out with a rather comfortable cash cushion.

When we decided to have a baby we created a trust fund for the child. Well for each child that we may have actually.

He is not a sugar daddy. He is my husband. I am in his arms every night because I love him. He has me in his arms because he loves me. Our financial arrangement is more complicated because we both needed to feel secure in our love.

In couples were neither partner cheating or lying, they consider it "their home", "their life style", and "their future". Just like we do :).

Getting to the int where we can just smile when people make or imply comments l yours has been a challenge.
 

studs lonigan

Banned
Nov 15, 2010
2,019
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We are renting the house in Canada. WE live on a boat that flies the flag of an income tax free country. As long as we sleep on the boat most nights and it is NOT in Canadian waters a significant amount of time, we are non-residents.

Income from Canadian sources can be taxed but you do not have to "settle your estate". We have investments in several countries.

Our Canadian lawyer consulted with appropriate people before we were advised how to do it. And our boat is a little over 50 feet. I think it is the perfect size but LL wants to get a bigger one so we can have a house keeper. What do you call a house keeper sea?
"WE " ha ha ha ok partner
studs
 

studs lonigan

Banned
Nov 15, 2010
2,019
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And that attitude from others was our biggest headache in being together. We are on our third pre-nup now. I refused marry him less he signed one. The original one ensured that I left with no significant gains from having married him. I would leave with personal items and enough money go back and finish my training.

He insisted we change it after a few months because he decided it was too controlling. A clause was added that defined some money as my personal item. I could leave at any time and walk out with a rather comfortable cash cushion.

When we decided to have a baby we created a trust fund for the child. Well for each child that we may have actually.

He is not a sugar daddy. He is my husband. I am in his arms every night because I love him. He has me in his arms because he loves me. Our financial arrangement is more complicated because we both needed to feel secure in our love.

In couples were neither partner cheating or lying, they consider it "their home", "their life style", and "their future". Just like we do :).

Getting to the int where we can just smile when people make or imply comments l yours has been a challenge.
And you just come here just to flirt or play or hmm why are you here if you have this world of love and perfection, loll
Studs
 

mrsCALoki

Banned
Jul 27, 2011
4,936
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"WE " ha ha ha ok partner
studs
I can also say things like "We will are craving scones and coddled cream" when ordering at afternoon tea and it is an appropriate and accurate grammar.
 

Phil C. McNasty

Go Jays Go
Dec 27, 2010
28,680
6,462
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Some may disagree, but 2 mil. is not a huge amount of money
Its not (relatively speaking).

You need at least 5 mill to live comfortably on, and even thats depending on the size of your family
 

mrsCALoki

Banned
Jul 27, 2011
4,936
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And you just come here just to flirt or play or hmm why are you here if you have this world of love and perfection, loll
Studs
Well stud, this place is group therapy for me. If you were raised as a nice catholic girl and you had to become a whore to get out of debt it lets the guilt demon into your soul. If you fall for a guy who you met as a client it fucks you up. And who the hell do you talk to about it? My mom? My Father? My prim and proper friends? I guess I could talk to a shrink, but I have not been in the same city for more than a month in over a year. Here several women have gotten involved with clients. A few had children with clients. Some are retired and trying to deal with their past. This place is pretty much the perfect group therapy and has made the transitions in my life much easier.

The expedition trawler is a lot like LL, reliable, solid, comfortable and comforting, but not that fast ;). They both make me happy, but we cruise at about 9 knots, and that leaves me many hours to talk with LL, watch videos from the library, read, and chat. Living on a boat makes it hard to have a community to be art of. I spend about half my cyber time here and the other in on-board communities.

:) not being a wage slave does offer more free time
 

mrsCALoki

Banned
Jul 27, 2011
4,936
3
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Its not (relatively speaking).

You need at least 5 mill to live comfortably on, and even thats depending on the size of your family
My lawyer and investment guy quoted the same number, so you seem to be right on. They also said the amount needed was going up 5% a year.
 

Phil C. McNasty

Go Jays Go
Dec 27, 2010
28,680
6,462
113
My lawyer and investment guy quoted the same number, so you seem to be right on. They also said the amount needed was going up 5% a year
I'd say about 3% to 3.5 % actually. But thats just my humble opinion.

And even $5 million isnt that much if you have a wife and 3 or 4 kids.
Especially if wifey loves to go shopping :)
 

studs lonigan

Banned
Nov 15, 2010
2,019
0
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Well stud, this place is group therapy for me. If you were raised as a nice catholic girl and you had to become a whore to get out of debt it lets the guilt demon into your soul. If you fall for a guy who you met as a client it fucks you up. And who the hell do you talk to about it? My mom? My Father? My prim and proper friends? I guess I could talk to a shrink, but I have not been in the same city for more than a month in over a year. Here several women have gotten involved with clients. A few had children with clients. Some are retired and trying to deal with their past. This place is pretty much the perfect group therapy and has made the transitions in my life much easier.

The expedition trawler is a lot like LL, reliable, solid, comfortable and comforting, but not that fast ;). They both make me happy, but we cruise at about 9 knots, and that leaves me many hours to talk with LL, watch videos from the library, read, and chat. Living on a boat makes it hard to have a community to be art of. I spend about half my cyber time here and the other in on-board communities.

:) not being a wage slave does offer more free time
Well I will consider myself told, I will learn not to be a prick ,one day ,but bitter divorce and a lot of money to leave ,(hmm more them we are reading here,much more )
Great for you, life gave you some Karma back,
I was playing , Im still bitter, because ex- wives do not earn the large amounts they take, in this country,
Im gald you get what you need from here,
good luck out there, and IMHO u will need a lot more to enjoy the great life your in.
I wont be a smart ass again,

Studs
 

mrsCALoki

Banned
Jul 27, 2011
4,936
3
0
I'd say about 3% to 3.5 % actually. But thats just my humble opinion.

And even $5 million isnt that much if you have a wife and 3 or 4 kids.
Especially if wifey loves to go shopping :)
I think 5% was based on a few years, and not just the record low last few years.

I guess paying for a wife and kids and kid's educations would be more expensive. They were quoting just for me and I like shopping but do not love it. :happy:
 
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