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<p>[QUOTE="snapsalot, post: 1405187, member: 37085"]Not forgetting, my living expenses are already covered from other endeavors.</p><p><br /></p><p>As for taxes yeah that could cut harshly into the profits. But then again might be able to pull some stings and lower the taxes drastically one way or the other.</p><p><br /></p><p>When I said 100k a year turned into a million in 5 years, I meant 100k extra untaxed. Not I make 100k a year uncle Sam screws me out of 40k every year so I am left with 60k then I pay property taxes which are another 12k a year now im down to 48k Then I buy a car thats 25k now im down to 23k oh my kid need tuition thats 15k, down to 8k. Oh theres utilities and tv and phone thats 500 a month there gos 6k now im down to 2k for 12 months of food. Ok looks like its rice and beans for awhile kids and if your lucky a pack of gum.</p><p><br /></p><p>No I didnt forget I was simply saying if I had 100k extra per year it would be 1 million in 5 years.[/QUOTE]</p><p><br /></p>
[QUOTE="snapsalot, post: 1405187, member: 37085"]Not forgetting, my living expenses are already covered from other endeavors. As for taxes yeah that could cut harshly into the profits. But then again might be able to pull some stings and lower the taxes drastically one way or the other. When I said 100k a year turned into a million in 5 years, I meant 100k extra untaxed. Not I make 100k a year uncle Sam screws me out of 40k every year so I am left with 60k then I pay property taxes which are another 12k a year now im down to 48k Then I buy a car thats 25k now im down to 23k oh my kid need tuition thats 15k, down to 8k. Oh theres utilities and tv and phone thats 500 a month there gos 6k now im down to 2k for 12 months of food. Ok looks like its rice and beans for awhile kids and if your lucky a pack of gum. No I didnt forget I was simply saying if I had 100k extra per year it would be 1 million in 5 years.[/QUOTE]
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