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What is the minimum amount of money it would take to be "set for life" What is the minimum amount of money it would take to be "set for life"
View Poll Results: Set for life?
500k - 1m
36 9.70%
1m - 1.5m
33 8.89%
1.5m - 2m
39 10.51%
2m-3m
68 18.33%
3m-5m
67 18.06%
5m-10m
72 19.41%
10m+
56 15.09%

11-07-2013 , 12:00 AM
Quote:
Originally Posted by PlayaHata1
Here goes a classy 200th post, never thought I would have made it this far.

Where you purchase the cocaine will have a great impact on the amount you get. Bricks at their cheapest go for around 2k a piece close to coca plant processors in Columbia(raw plant cost is roughly 600-700$ per kg, and rapidly increases as the product is shipped, 8-10k in the islands and 10-12k in Mexico(cheaper in S mex, pricier on the N border) and more than double that when it crosses into the US.

Obviously purity decreases along this shipment chain, although street level purity is constantly increasing, one of the biggest indicators that the drug war is a failure. The other indicator being that the price of raw dog powder has decreased tremendously over the past 3 decades.

If you have to get it in the Midwest, Chicago's Little Village neighborhood is by far your best choice, and the border crossing cities (Miami and LA) are your best bets on the coasts, although Freeway Rick Ross and Griselda Blanco are no longer slinging legendary amounts of yayo, it is less centralized, but more abundant in the US than ever before.

Just wanted to share this info as it might have an impact on how much you need to budget for your yayo. And of course you probably already know not to pay European prices($50k kgs), they are only second to Australia($100k+) in blow prices.
How much does a kilo go for on the east coast? Where's the cheapest place to get a kilo in America and the most expensive?
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 12:04 AM
How is 3.5 mil not crushing this?
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 12:31 AM
Quote:
Originally Posted by amazinmets73
How much does a kilo go for on the east coast? Where's the cheapest place to get a kilo in America and the most expensive?
As odd as it sounds the prices in Little Village Chicago are about as competitive as it gets with thousands of kilos flowing directly there from the cartels each month in a very well established, impenetrable network.

Your best prices in the US are likely going to be south Texas Brownsville area, it gets immediately more pricey once you start crossing the checkpoint areas there, or for max convenience, LA readily accessible and cheap if you look in the right places.

Miami isn't quite the city of cocaine as it used to be (I lived in sobe for years and recently moved). Arizona also has very competitive pricing and large holding/distribution points as well.


East Coast Miami ( specifically the large Columbian population there, areas in Little Havana, and the islander presence there, although the Haitian networks at the ports were shut down years ago. Also on the EC, probably the Dominican neighborhoods in NYC, Harlem area. Had a friend at NYU dental school who "allegedly" could score raw dog, face melter, isnta numb for 40/g,120/ball, 20-22k/kg.

As far as priciest you got me there. Generally larger cities have established networks to make the product cheaper. I imagine Hawaii would be the most expensive like it is for a lot for drugs including their weed which doesn't match Cally quality especially their depth of selection. Maybe Alaska as priciest also.

In the continental US remote hillbilly places are probably the most expensive, especially ones far from the distribution routes. Unfortunately hillbillies tend to prefer the price and buzz duration of meth, losing their teeth and a great portion of their brain matter (literally) in the process. I prefer sobriety, but definitely had moments of past excess.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 12:36 AM
Quote:
Originally Posted by AlexM
How is 3.5 mil not crushing this?
Did you miss my post about Mr. Biggie Smalls? I suppose the $1.45 mill figure needs to be adjusted for inflation, as it was quoted from a 20 year old song. While I did not adjust for inflation, I defer to Biggie's expertise in matters concerning stacking paper.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 12:45 AM
Quote:
Originally Posted by PlayaHata1
As odd as it sounds the prices in Little Village Chicago are about as competitive as it gets with thousands of kilos flowing directly there from the cartels each month in a very well established, impenetrable network.

Your best prices in the US are likely going to be south Texas Brownsville area, it gets immediately more pricey once you start crossing the checkpoint areas there, or for max convenience, LA readily accessible and cheap if you look in the right places.

Miami isn't quite the city of cocaine as it used to be (I lived in sobe for years and recently moved). Arizona also has very competitive pricing and large holding/distribution points as well.


East Coast Miami ( specifically the large Columbian population there, areas in Little Havana, and the islander presence there, although the Haitian networks at the ports were shut down years ago. Also on the EC, probably the Dominican neighborhoods in NYC, Harlem area. Had a friend at NYU dental school who "allegedly" could score raw dog, face melter, isnta numb for 40/g,120/ball, 20-22k/kg.

As far as priciest you got me there. Generally larger cities have established networks to make the product cheaper. I imagine Hawaii would be the most expensive like it is for a lot for drugs including their weed which doesn't match Cally quality especially their depth of selection. Maybe Alaska as priciest also.

In the continental US remote hillbilly places are probably the most expensive, especially ones far from the distribution routes. Unfortunately hillbillies tend to prefer the price and buzz duration of meth, losing their teeth and a great portion of their brain matter (literally) in the process. I prefer sobriety, but definitely had moments of past excess.
Makes sense that Texas is cheapest. I knew a guy in Des Moines who had a connect on kilos from Texas, he's doing 15 years fed time now. He was getting them for 2.5 for 39K. I'm actually from NYC, right by Washington Heights.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 12:52 AM
I seriously can't believe all the people who need these untold millions to feel "set"

I would be perfectly happy with my current upper middle class lifestyle without having to work.

Obviously everyone wants more but if you need 10 million dollars to be content in life you're going to be in for a very disappointing ride.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 12:58 AM
the people with 1 million want 10, the people with 10 want 100, the guy with 100 wants a billion. No matter how much youve got, there is someone with more, and you envy his "life".
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 12:59 AM
Quote:
Originally Posted by JoeSchmo
My business has an opening that meets your salary requirements. We should talk.
Quote:
Originally Posted by sandler1860
Im the exact opposite, so please go out and find a 300k/yr job and just give your salary to me. We both win.
Sorry Joe, just as you were about to be awarded 1st place for the best reply to that nonsense, Sandler comes along edging you out by a nose.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 01:27 AM
Quote:
Originally Posted by PlayaHata1
Your best prices in the US are likely going to be south Texas Brownsville area...
Lesser quality there, you don't want that yucky stuff Amazin.

L.A or Phoenix
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 01:43 AM
Quote:
Originally Posted by nolimitfiend
Sorry Joe, just as you were about to be awarded 1st place for the best reply to that nonsense, Sandler comes along edging you out by a nose.
no way. Joes response is crafted way better.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 02:18 AM
Quote:
Originally Posted by amazinmets73
Makes sense that Texas is cheapest. I knew a guy in Des Moines who had a connect on kilos from Texas, he's doing 15 years fed time now. He was getting them for 2.5 for 39K. I'm actually from NYC, right by Washington Heights.
South Texas area isn't the best for doing much transportation. I actually have a good friend doing 20 fed now for marijuana trafficking and he was facing life(RICO), makes me ashamed of my country thinking about how such a nice generous hearted person has to suffer for something as innocuous as pot. Arizona cops are also sharp on their profiling and won't hesitate to create a false reason for their probable cause warrants.

The routes for cocaine have shifted greatly the past decade, now through Mexico instead of the islands to Miami. Mexico no longer sells it for the Columbians either, they buy in bulk themselves and own the flowage.

Lol you are in NYC, you shouldn't have any problems with price or quality. I met a guy at a NYC club once who offered me a line, then gave me a snow white business card and told me to call if I needed coke small or big amounts. Fifteen years ago, but I was in shock at how boldly they do business there with a virtual stranger.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 02:51 AM
Quote:
Originally Posted by PlayaHata1
South Texas area isn't the best for doing much transportation. I actually have a good friend doing 20 fed now for marijuana trafficking and he was facing life(RICO), makes me ashamed of my country thinking about how such a nice generous hearted person has to suffer for something as innocuous as pot. Arizona cops are also sharp on their profiling and won't hesitate to create a false reason for their probable cause warrants.

The routes for cocaine have shifted greatly the past decade, now through Mexico instead of the islands to Miami. Mexico no longer sells it for the Columbians either, they buy in bulk themselves and own the flowage.

Lol you are in NYC, you shouldn't have any problems with price or quality. I met a guy at a NYC club once who offered me a line, then gave me a snow white business card and told me to call if I needed coke small or big amounts. Fifteen years ago, but I was in shock at how boldly they do business there with a virtual stranger.
The guy I knew was also facing life but he got his sentence reduced by snitching on his associates. They weren't dealing powder though, they were converting it to rock. I'm actually not in NYC now, Philly area close enough to NYC I guess.

Man, there's so much money in the drug game. The guys I knew were trying to make 500K then retire. Guess that relates to the thread.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 02:52 AM
I'm taking "set for life" to mean the lifestyle I'll realistically achieve and be satisfied with, and not some dream life cause that can go into the hundred millions.

If I make 100-150k/yr I'd probably consider myself doing fine, so 40 years of that means 4-6 million that I'm clearing over my life. Take out taxes and you're down to 2.5-4.5 million. Reverse for time value of money and it's down to like ~ 1.5-2 million.

I don't know what jobs you guys have, but the equivalent of a 150k/yr job is fine for me. For those saying they need 5-10 million are you in professions that plan to make 300-400k/yr, or are you just forever going to feel like you don't have enough money?
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 03:11 AM
Even 150K seems outlandish to me. I make around 40K, buy health insurance, and save 5K a year. Granted my place is a dump and I drive a beater. I would upgrade those situations, say +20K. A couple 5K vacations would be nice as well +another 10K. Total to live very comfortably, $70K.

I think I could do this with 1 mil, but lets make it 2 to be safe. Run bad on investments, cut back. run good, grow the nest egg or buy a bigger house.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 03:49 AM
I just came into this thread to savor Goodie's posts.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 04:20 AM
~3m or so living in Australia, i'd say ~2m or so in the US, could probably do it on ~1m in a cheaper country like Thailand
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 05:25 AM
I'm 29 so assuming I live for the next 50 years I could live quite comfortably on say £18000 per year, so 18000 x 50 = £900,000.

Obviously with inflation that money wouldn't be very valuable towards the end of the 50 years however you would own your own home therefore having reduced living expenses if you were smart about it you could do quite well imo.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 06:30 AM
Historical analysis has shown that given a retirement portfolio diversified between stocks and bonds, you can withdraw 4% of the portfolio every year and not run out of money.
The above assumes that most people retire ~65ish but the principle still works for younger ages, just at a higher risk.

Every year, you increase this withdraw by that year's inflation rate.

So if you want $100K of income, inflation adjusted for the rest of your life, you need $2,500,000 in your retirement account. (4% x $2.5M = $100K)

If you want to be super safe, you don't withdraw 4% but instead withdraw the amount = Total Portfolio/(Life Expectancy-Age) which ends up a little too conservative on the front end but will guarantee money to be available on the back end of your life.

So a 20 year old (who likely lives to 85) would only withdraw $2.5M/(85-20) = $38,500. This amount will automatically adjust the longer you live.

Given the above, just decide what you want as inflation adjusted income, what risk you are willing to assume and plug in the numbers to get a required savings amount.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 07:16 AM
Some of the responses in this thread are laughable, but I guess it determines how you read the question. Could I spend a 10MM windfall? Yes. And I think that's how some of you are reading the question. Could I be "set for life" with 2MM, Yes.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 07:41 AM
Quote:
Originally Posted by Cotton Hill
I seriously can't believe all the people who need these untold millions to feel "set".
That's because you can't do math.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 08:08 AM
Here's my maths. Normally I would say that I need $100 a day. According to OOT being set for life means you must eat nice dinners and go on vacations, so I will up that to about $350/day. I projected that I will probably live for another 56 years.

$350*365*56=7154000

I need 7.2 million after taxes.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 08:48 AM
Quote:
Originally Posted by Mark_K
So if you want $100K of income, inflation adjusted for the rest of your life, you need $2,500,000 in your retirement account. (4% x $2.5M = $100K)
So, your assumption is something like 7% annual ROI?
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 09:09 AM
Quote:
Originally Posted by Cotton Hill

Every single aspect of your life is exactly the same except now you have a large windfall of money for no reason.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 10:00 AM
Quote:
Originally Posted by garcia1001
I just came into this thread to savor Goodie's posts.
I'm glad I could be of service. You're welcome.
What is the minimum amount of money it would take to be "set for life" Quote
11-07-2013 , 10:11 AM
Quote:
Originally Posted by SL__72
So, your assumption is something like 7% annual ROI?
Don't forget that you also don't need to save the principal at the end unless that's an explicit goal, which doesn't seem like the case for most people ITT. Especially since the OP talked about not having children,etc.
What is the minimum amount of money it would take to be "set for life" Quote

      
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