Quote:
Originally Posted by Roscoe  With todays Historic Low Interest Rates it takes a lot of money to do well.
1 Million in the typical bank today earns LESS than 1%, yes 1%. That's less than $10,000.00 per year BEFORE taxes are paid. Ouch!
Try living on that income?
It takes a LOT of money today to so-call Retire. Many seniors are working well into their 70s & 80's just to support basic needs.
That's why I'm currently creating Passive Income Businesses to support my lifestyle.
I have no idea how regular Joe Blow lives in todays economy. |
Me and Roscoe both live in different worlds! I know you are a Consultant also.
lol
I get 1.25% to 1.75% and I don't have $1 Million.
We don't really pay taxes here. Every year when I get my % in my account, it's without taxes. And no gov offical knows the money is in the account because by law they can't look into our accounts (Tax heaven country). And when I do work I only pay 12.5 to 15% taxes with retirement, dental 80% after 2 years it's 100%, medical is paid 95% I get 95% cash back next day after paying my bill for it. I get 5 weeks paid vacation with ANY JOB in the country! My last job I had 3 months paid VACATION! It was a f all type of a job. I worked in a hotel at night, For 3 years. I did my eb business and research online at night time, slept most of the times. lol. I had a blast!
There was always 4 of us working and we would always take turns sleeping. + FREE FOOD!
When it's expensive. List goes on and on for me.
Retirement here is just so wonderful! If you had a normal 9 to 5 job it's like 1800 to 2200 euros after taxes. IF you made 5,000 euros a month for the last 3 to 5 years then you will get 5,000 euros per month for retirement. What you made the last 5 or 3 years, will avg out to be what you made for retirement or something like that. I don't really care to know because I don't plan on working for someone else. I only worked for someone else in my life for 3.5 years.
Speaking of taxes, EB, PP, AMZ, are all registered here along with kijiji, I posted a po box they have in another thread. If you own an online or make money from an IP address in the country, you only pay taxes on 20% profits they don't count the 80% and out of the 20% you only really pay 30% taxes so out of 100% it's like 5.5% ONLY! Not bad eh?
You have an expsive taste with your life style I noticed Roscoe.
Yeah a regular Joe BLOW is not having the life.
There are degrees out there you can earn in 30 days, and start making $4-5k a month, After a few months upgrade to $9-12k per month, after a few more months add another $5-7k plus your $9-12k and each time you want more funds add $5-7k not everyone can do it. And this can only be done within USA/Canada. Each spot in the world is different! A business here that runs well won't work in the USA. And one in the USA won't work here either.
Oh and by the way. For eb, I only pay 15% fees total and 0% taxes! I guess it's all included in eb fees!
& PP is only under 2% If you guys registered in the US you have to pay fees, + PP + taxes + new taxes and bs they add on each year!
How much money is enough for you? :) For your DREAMS! 
I spent a few hours last night reading all his posts because honestly his got a lot of brains. Plus his a lot older then me, so I can learn a lot from him then I could from friends my age! 
