How much money is enough?

How much money is enough?

  • Nothing, I don't need money

    Votes: 5 1.5%

  • R50,000

    Votes: 5 1.5%

  • R100,000

    Votes: 6 1.8%

  • R500,000

    Votes: 0 0.0%

  • R1,000,000

    Votes: 2 0.6%

  • R5,000,000

    Votes: 24 7.3%

  • R10,000,000

    Votes: 52 15.7%

  • R20,000,000

    Votes: 86 26.0%

  • R50,000,000

    Votes: 51 15.4%

  • More than R50,000,000

    Votes: 100 30.2%
  • Total voters
    331
10:10 said:
I agree it is stupid but it does point to the fact that very few people can afford healthcare.

Ask yourself this question, This is important. How much money does the Lotto make? Where are the hospitals, where are the schools?

See sure we can get R20 million and it will solve most problems if not all of them. But the government will never allow you to keep that sum of money. I can imagine your tax per year will be over 50%

But here is a big irony. That is about one million sixty-nine thousand eight hundred ninety-four dollars US.

View attachment 1575550

Our money is toilet paper.
Click to expand...

I do not understand what you are trying to say.
 
To be honest between 10-20 million, although to match what I have R5 million could do too.

1. My house is almost paid
2. My cars are paid cash
3. I would need to supplement my current income

R5 million getting an interest of 10-11% paid out monthly would be a bit short, but I can live with that.

However R10 million would have me upgrade my house by another 2 million, and then put 8 million in a fixed deposit, which pays me out about R72 000 pm in interest payments at the current interest rate. It will be more than enough, and the spare I can put in a pension which eventually will surpass this amount at retirement.
 
Money isn't what it used to be. It's worth fokol.
Having no debt makes a huge difference.
 
Corelli said:
To be honest between 10-20 million, although to match what I have R5 million could do too.

1. My house is almost paid
2. My cars are paid cash
3. I would need to supplement my current income

R5 million getting an interest of 10-11% paid out monthly would be a bit short, but I can live with that.

However R10 million would have me upgrade my house by another 2 million, and then put 8 million in a fixed deposit, which pays me out about R72 000 pm in interest payments at the current interest rate. It will be more than enough, and the spare I can put in a pension which eventually will surpass this amount at retirement.
Click to expand...
8 bar in a fixed deposit acc. You gonna pay taxes on that interest.
 
W@P said:
8 bar in a fixed deposit acc. You gonna pay taxes on that interest.
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Never understood the worry about that. Just take 1 or 2% capital out every year to cover any shortfall.
 
epah said:
BMW 320d -R900 000
Philips XXL airfryer - R3500
LG OLED TV- R25 000
Iphone 15 pro - R32 000

I only need R960 500 total To be set for life. Low maintenance kween if anyone is looking to date.
Click to expand...
What about a Bosch fridge and washing machine, or will you be going Samsung?
 
Corelli said:
To be honest between 10-20 million, although to match what I have R5 million could do too.

1. My house is almost paid
2. My cars are paid cash
3. I would need to supplement my current income

R5 million getting an interest of 10-11% paid out monthly would be a bit short, but I can live with that.

However R10 million would have me upgrade my house by another 2 million, and then put 8 million in a fixed deposit, which pays me out about R72 000 pm in interest payments at the current interest rate. It will be more than enough, and the spare I can put in a pension which eventually will surpass this amount at retirement.
Click to expand...
Just remember about tax...
 
R10m seems like a reasonable amount for a middle income family. I would probably invest half and go on holidays with the interest earned.
 
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