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10-18-2017, 12:39 PM
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#181
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Location: Pacific latitude 20/49
Posts: 7,677
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 Quote:
Originally Posted by ABQ2015
I've had a lawn service and my house cleaned every two weeks for the last 25 years and I am not even close to 8 figures in assets. This was mostly because I worked 50 hours a week but I plan to continue these services in retirement. The social media website, NextDoor, is a good source for recommendations and workers who are trustworthy.
I admit that I am not extremely picky about the house cleaning but my housekeeper does a good job. If I wanted a very thorough cleaning, I know where I could go but it would cost twice as much. Home repairs are a different matter and can be a royal pain - it seems to be harder to find a good handyman.
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We employ housekeepers in both places and keep them employed when we are not there. We debated it when we retired and decided that they would stay as long as we could afford it. We also hire painters now. The painter moves all things and then I fix up the few things not put right.
We would love to have "full-time" Uber drivers and get rid of our cars, the most expensive indulgence that we still have.
__________________
For the fun of it...Keith
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10-18-2017, 01:47 PM
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#182
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Thinks s/he gets paid by the post
Join Date: Dec 2009
Location: Alberta/Ontario/ Arizona
Posts: 3,393
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Quote:
Originally Posted by Rianne
I think you need a calculator that works  ) |
I could say the same about you, except it’s probably not your calculator. .01% is .0001. and. .0001 of $10,000,000 is indeed $1,000.
Dont feel too bad as this is a common mistake. Helps to be an x banker as we always talked in terms of basis points (1/100 of a percent).
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10-18-2017, 04:06 PM
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#183
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 38,145
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Yeah it's been fun seeing the arguments on 0.01% of $10M. I've been appreciative of REWahoo's sig line on this one!
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Retired since summer 1999.
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10-18-2017, 04:12 PM
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#184
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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Quote:
Originally Posted by Rianne
I think you need a calculator that works ) |
So, what does your calculator say is the product of .01% of $10,000,000 ?
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10-18-2017, 08:14 PM
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#185
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2015
Location: Michigan
Posts: 5,003
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Build a new house and spend more on travel.
__________________
"The mountains are calling, and I must go." John Muir
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10-18-2017, 11:55 PM
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#186
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Recycles dryer sheets
Join Date: Mar 2009
Location: Newcastle, WA
Posts: 208
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I'd stop worrying about money. That's it, really; I have all the material possessions I need. What I don't have at the moment is, a feeling of assurance that my $XXX,XXX savings will last in a city where taxes and other unavoidable expenses are increasing with frightening speed.
__________________
Don't just do something; stand there!
- Jack Bogle
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10-22-2017, 12:13 AM
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#187
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Thinks s/he gets paid by the post
Join Date: Jun 2014
Posts: 1,069
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Answer: Spend it until I have 7 figures
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