I can't wait to have a million dollars in the bank. Can anyone relate?

[curiosity_20]

million in bank for what siol?

Many uses for money...cushion for emergencies...being able to afford more relaxing vacations, make purchases without stressing out over dollars and cents, not being priced out of good houses, adds more stability to life.

It's just like why Singapore needs such large monetry reserves. I run my household like the city state.

- Rainy-day Fund
- Endowment Fund
- Stability Fund

https://www.mof.gov.sg/policies/reserves/what-are-the-reserves-used-for

 

[Travis_Touchdown]

I think if everyone had a million (or maybe billions in today's standard) dollars in the bank account, everyone can afford for more vacations to relax and have fun rather than face the daily pressure of living, of upskilling, of keeping up with technology, of reporting to work daily and dealing with deadlines..

As of now, I don't have a million dollars in the bank. Living is stressful due to high competition, threat of layoffs, KPIs, deliverables, etc. Then dealing with unknown health conditions, random sickness, weird viruses, air pollution, micro-plastics in food, etc. Heck I don't even want my kid to be born on this Earth...spare them of the stress and madness.

if eberybuttie gotch million dollars then inflation rate ish will make it such that chiur million dollars worth nothing...

 

[Nekorare]

Can't relate, $1m is an arbitrary target. it's got no real purpose unless linked to how you'll use it

 

[elevate]

Can relate..few years ago.

 

[cyke69sg]

Many uses for money...cushion for emergencies...being able to afford more vacations, make purchases without stressing out over dollars and cents, not being priced out of good houses, adds more stability to life.

Cushion for emergency
Also if stock market crash or collapse can buy

Good feeling to have 1m plus in cash.

But is not like you say become worry free etc.

When my passive income from stocks and distributions is more than my monthly income that will be another milestone. Then when it is double of my income another milestone then see if wanna stop working or not.

 

[Nekorare]

Cushion for emergency
Also if stock market crash or collapse can buy

Good feeling to have 1m plus in cash.

But is not like you say become worry free etc.

When my passive income from stocks and distributions is more than my monthly income that will be another milestone. Then when it is double of my income another milestone then see if wanna stop working or not.

With Canada's economy in the pits, how's that going? Banking on Trudeau getting the boot?

 

[1982-1994]

Maybe can consider renting a 2r flat at $2500 while renting out your flat at $4500
But on the expense of longer travelling time

I dont have....
struggling now.
with children need to support and family.
col is getting out of hand.
every now and then hike hike and more hikes.

 

[cyke69sg]

With Canada's economy in the pits, how's that going? Banking on Trudeau getting the boot?

Cham. Tough times.
Politics stuff not within my control. I do what I have to to make money can already.
Invest in stocks.
See what opportunities arise.

 

[freshsoapsmell]

I think if everyone had a million (or maybe billions in today's standard) dollars in the bank account, everyone can afford for more vacations to relax and have fun rather than face the daily pressure of living, of upskilling, of keeping up with technology, of reporting to work daily and dealing with deadlines..

As of now, I don't have a million dollars in the bank. Living is stressful due to high competition, threat of layoffs, KPIs, deliverables, etc. Then dealing with unknown health conditions, random sickness, weird viruses, air pollution, micro-plastics in food, etc. Heck I don't even want my kid to be born on this Earth...spare them of the stress and madness.

btw

what's your strategy to reaching a million dollars?

mine is a combination of employment income, an online venture and investments.

not banking on property gains atm

 

[cyke69sg]

btw

what's your strategy to reaching a million dollars?

mine is a combination of employment income, an online venture and investments.

not banking on property gains atm

Million dollars liquid cash in bank. Not net worth. Cannot count your property you live in.

 

[enimen]

If everyone has a million dollars then nobody would have a million dollars

Get what I mean?

 

[cyke69sg]

If everyone has a million dollars then nobody would have a million dollars

Get what I mean?

SG full of people with net worth over million.
But cash $1m+ is different. Most also will invest the money in stocks

 

[Eliwood]

It is quite rare for a person to be satisfied with a certain sum of money...

If u get a million u will start thinking 1m is too lirlttle...

 

[curiosity_20]

btw

what's your strategy to reaching a million dollars?

mine is a combination of employment income, an online venture and investments.

not banking on property gains atm

[Ad Playing]

That's why OpenAI is here to help. We have a gazillion number of ideas to get you started on your journey towards making a million dollars (in this Dystopian world).

Me prompting GPT: What are some ways to make a million dollars as a startup.

 

[mistersatki_]

Exactly bro.

even i no have money also feel $10m is bare minimum to be considered just nice, not even rich.

the ppl who hao lian net worth $5m $4m are jokers

If you count your networth including own stay home for value , then 10m is good
If cash value of assets excluding the home , then 5m is good enough

 

[PeanutButterJellyfish]

I think if everyone had a million (or maybe billions in today's standard) dollars in the bank account, everyone can afford for more vacations to relax and have fun rather than face the daily pressure of living, of upskilling, of keeping up with technology, of reporting to work daily and dealing with deadlines..

As of now, I don't have a million dollars in the bank. Living is stressful due to high competition, threat of layoffs, KPIs, deliverables, etc. Then dealing with unknown health conditions, random sickness, weird viruses, air pollution, micro-plastics in food, etc. Heck I don't even want my kid to be born on this Earth...spare them of the stress and madness.

If everyone has 1 million, then 1 million doesn’t mean anything. This is how inflation works

 

[Lchlch]

Maybe can consider renting a 2r flat at $2500 while renting out your flat at $4500
But on the expense of longer travelling time

bro, currently now, so long i am able to feed my family, i am contented.
family and health are my main priority now.

 

[fire]

Spoiler

That's for you

I wouldn't keep in bank, it will be out earning more for me.

 

[lawabidingcitizen]

If you have one million in bank.. you should open 10x leverage long on Bitcoin now

 

[PrinceY]

Tonight after toto result, maybe will have new millionaire(s)..