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Thread: If I Had a $1,000,000 cash

  1. #21

    Default Re: If I Had a $1,000,000 cash

    I am going to slack for 2 years

  2. #22

    Default Re: If I Had a $1,000,000 cash

    fr a couple yrs ago..


  3. #23
    Member DrSpock's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Quote Originally Posted by Kit View Post
    If it was 20 years ago, $1,000,000 can really make people think about hoe to live their life from then on. Now? I'd still carrying on working. As you noted. $1,000,000 isn't a lot of money in toady's sense. I would think that the $1,000,000 is an opportunity for me to make more $$$$$. Probably invest in commercial property, though that is hardly enough too.
    Have you ever heard of LEVERAGE? It means make more with less.

    So IF & only IF you hv a million bucks you leverage it to buy a few properties worth much more than a million cos todays market you need only 20% and rest could be deferred payment scheme or progressive payment until full TOP, which usually is 3-4 yrs down the road and by then the market wd hv picked up by 30-50%% hence sell after that to cash in on your profits Hypothetically speaking you end up becoming multi millionaires then
    Photography? It's all in your mind...

  4. #24

    Default Re: If I Had a $1,000,000 cash

    Quote Originally Posted by DrSpock View Post
    Have you ever heard of LEVERAGE? It means make more with less.

    So IF & only IF you hv a million bucks you leverage it to buy a few properties worth much more than a million cos todays market you need only 20% and rest could be deferred payment scheme or progressive payment until full TOP, which usually is 3-4 yrs down the road and by then the market wd hv picked up by 30-50%% hence sell after that to cash in on your profits Hypothetically speaking you end up becoming multi millionaires then
    You could also end up a miserable bankrupt. It works both ways.

  5. #25

    Default Re: If I Had a $1,000,000 cash


  6. #26
    Senior Member wildcat's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Quote Originally Posted by biggulp View Post
    You could also end up a miserable bankrupt. It works both ways.
    Yep. If it works out badly, I hope to be there to grab the fire sales.

    (I love the way leverage is explained in the now-classic video)
    Last edited by wildcat; 26th March 2010 at 05:24 AM.

  7. #27
    Member DrSpock's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Quote Originally Posted by biggulp View Post
    You could also end up a miserable bankrupt. It works both ways.
    Yes, everything in life would go bothways, wouldn't they? Do you stop going out just b'cos you may get knock down by a drunk driver? Do you stop flying cos airplanes can crash? Do you stop taking the boat cos Titanic sank? NO, right? Just the same as property investment of any other investments for that matter. It's all about calculated risk and doing your homework and most importantly -TIMING! Probably that's why there are so few millionaires in the world...
    Photography? It's all in your mind...

  8. #28

    Default Re: If I Had a $1,000,000 cash

    so that's how many zeros you get in a trillion....

  9. #29
    Senior Member wildcat's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Quote Originally Posted by DrSpock View Post
    Probably that's why there are so few millionaires in the world...
    Because the rest of the millionaire-wannabes are bankrupts?

    I think wants and needs is a good question only we each can answer. There is the recent Economist's view that economic success is in conflict with one's pursuit for a leisurely and emotionally fulfilling life.

    In this world, there is only so much resources - things don't grow on their own, other than trees (and yes, I forgot to thank the trees for the oxygen today) - so we're pretty much moving things around, from the poorer to the richer. There are also different risk levels for different people so yeah, you're right. Some of us may never be millionaires unless we strike lottery (personally, I think $2 is a good sum of money for one whole month of hope) but I don't equate that to how you compare this kind of risk with for e.g. taking a boat or driving car. The risk level is just not the same (unless it's a Toyota Prius)

  10. #30
    Senior Member wildcat's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Back to original topic...

    If I had $1M, I will set up my own company to sell Blackberry Storm2 for $260 (delivery to anywhere in the world, and we also absorb GST for you)

    http://www.clubsnap.com/forums/showthread.php?t=674183

  11. #31
    Senior Member melvin's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Quote Originally Posted by Canonised View Post
    Not too long ago, dreaming to have a $1,000,000 would be enough.

    Recently, it seems like a million will not even get you a nice condo

    How's there? Millionaire

    If you had a $1,000,000 cash, how do you plan to live your life?


    I will use it to grow another million. With $2 million on hand will use $1 million to have complete collection of 'L' lens, get a house n a car, then the other $1million will cont to grow another Million ....etc...!

  12. #32
    Moderator ed9119's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Oi ! Wake Up and get back to work !!!
    shaddap and just shoot .... up close
    Walkeast

  13. #33
    Moderator ed9119's Avatar
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    Default Re: If I Had a $1,000,000 cash

    dun angry ah ?
    shaddap and just shoot .... up close
    Walkeast

  14. #34

    Default Re: If I Had a $1,000,000 cash

    Quote Originally Posted by ed9119 View Post
    Oi ! Wake Up and get back to work !!!
    oh shucks dozed off again ... ok ok .... thanks

  15. #35
    Member dingaroo's Avatar
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    Wink Re: If I Had a $1,000,000 cash

    With a million ...

    $100,000 - give my wife and her group of deaf members setup a deaf welfare society
    $100,000 - spending for my photography gear
    $100,000 - spending for my IT server/equipment
    $100,000 - give my mom holiday and spending money
    $100,000 - get a pet condo for my 2 darlings
    $500,000 - save for when i need to spend another $100,000 for my next generation of photography gear ... hehehehe.

    EDIT: Oh yeah, top of the line V8-powered wheelchair with 4WD and big fat tyres.

    Now, if only I can pinch myself to wake up from this dream ...
    Last edited by dingaroo; 27th March 2010 at 02:33 PM.
    A picture a day keeps the blues away!

  16. #36
    Member 9V-Orion Images's Avatar
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    Default Re: If I Had a $1,000,000 cash


    CS Aviation / Flickr
    Per aspera ad astra

  17. #37
    Moderator diver-hloc's Avatar
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    Default Re: If I Had a $1,000,000 cash

    With a $1000,000..... I would withdraw $2000 every month to add it to my current pay (no more OT for me).... and keep working (still have income and to occupy my time).

    $1000,000 divided by $2000 = 500 months = 41+ years. Oh.... and will be going to some exotic place to Scuba Dive.

    Scuba & Father... For Life

  18. #38
    ClubSNAP Idol Adam Goi's Avatar
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    Default Re: If I Had a $1,000,000 cash

    I'd give myself a slap and then tell myself to wake up my idea ..

  19. #39
    Member king2penn's Avatar
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    Default Re: If I Had a $1,000,000 cash

    Ill invest S$999990 of it and spend $10 on KFC

  20. #40
    Member/Tangshooter jawzsg's Avatar
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    Default Re: If I Had a $1,000,000 cash

    .. you think I can find another few hundred thousand... those bloody Murcilargo and Pagani Zonda cost close to 1.5million reh......
    651D90 Mk II cameller™ ...... "Ai Camel Mai ?"

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