Or lifetime wage in his country

I honestly think 2+2 should have a permanent banner reminding people what the average yearly wage is in US/UK.

US: $44,321
UK: $42,694

So many idiotic statements when people win bucketloads - "not life changing money" etc.

and it's ~15k$ for ****ty countries like poland

2 years later, this is still one of the dumbest posts in the history of the Internet.

150k is enough to retire comfortably on. Well, I guess, in Zimbabwe.

Don't pay off all or a big chunk of your mortgage because it's "only" 4% interest you'd be saving. Got it.

You sir obviously don't understand the time value of money! The key phrase in the post you are flaming is "properly managed". Absolutely 150k is enough to retire comfortably on...IF you allocated the money properly over a 20-25 year period reinvesting the interest back on top of the principal. Obviously you would still need to work during this period of time to support your self. However after 25 years you would quite easily have over 2.5million assuming you don't have ridiculous spending habits or an over abundant amount of dependents you could live very comfortably.

So 150k is enough to retire comfortably on, but you would still need to work during this period of time ...

If you could earn 10% a year on $150K for 25 years, never touch the principal, and reinvest all the earnings, you'd have about $1.6 million at the end of the 25 years. To earn a consistent 10% a year over that long a period would be quite challenging, particularly given the very low current interest rate environment. Without question, a decent amount of investment risk would have to be taken to produce this kind of long term return. With a really low annual inflation rate of 2%, that $1.6 million 25 years from now would be worth about 60% of what it is worth today. So it would have roughly the same buying power as $1 million would have today. So there are really two issues here. First is how much you could really turn the $150K into in 25 years. And second, even if you assume success in earning a healthy annual return, whether $1 million (in today's money) is enough to retire comfortably on. Suspect there would be considerable disagreement on that point.

anyone have the graph of the dude running up the graph and then sliding off?

the grimmstarr one?

yes, I tried searching and cant find it

actually found it hof

Bump as a reminder


http://www.youtube.com/watch?v=kn481KcjvMo

pbb best topic ever! Stupid russians hahahaha

Sick bump

Has anyone searched his name recently, I7AXA I mean? Ss says he's still playing, just searched for him on stars n he's either not online or has blocked his search

grind in the mind yo

Bump for the 4 year reunion! Anyone seen this guy playing? Presume he's still playing 1c/2c and $1 sit and god? The undisputed king of the check raise.

So if something is done perfectly, there won't be any problems, and we shouldn't consider any scenario in which things aren't done perfectly. Got it.

Yea, also when people say enough to retire on I don't think that means working another 25 years while you earn interest. I certainly don't intend to work for 25 years after I retire.

He just shipped a 240x in a 0.50 spin&go, what a beast.

Pity it wasn't the $24,000 then we might have seen some fun.

Poor guy... 160k to dust...

I'm sure he got over it a few years ago, unlike us.

no he didnt, hes stil chasing his high, literally...

edit: for **** sakes, isnt he still grinding out 50 cent spin and gos LMAO

I question whether he has learnt anything. I happened to be on 1c/2c table of his during a milestone hand major countdown. He kept typing in the chat trying to get people to fold at the right time he was so desperate to win. I honestly believe if he won another $150,000 he'd just degen it off again. Now he's chasing 50 c spin and gos trying to win it big again.