Comments on: How much interest do you earn on one million dollars?

By: Nicole

Nicole — Wed, 28 Dec 2011 03:44:55 +0000

What’s Alberto Rodriguez email address?

By: Omar

Omar — Tue, 29 Nov 2011 01:21:51 +0000

Take the one million dollars put it in a broker trade account, purchase from 15 to 20 solid blue chips companies that pay dividends anually, spreading the 1 million as even as posible between them, an overall yield of 5% will produce about 50K anually, not to mention the capital gain obtained in the stocks. and if you let compounding magic work, you will double the one million in less that 10 years. Not too bad.

By: ron

ron — Tue, 18 Oct 2011 00:05:29 +0000

i could use some money any thing would help thanks

By: Krazyjay

Krazyjay — Fri, 14 Oct 2011 04:38:36 +0000

I agree with the statement on municipal bonds. They do tend to have lower interest rates, but when you look at TAX FREE, you can’t beat em.

By: Zen

Zen — Tue, 11 Oct 2011 03:36:03 +0000

@Wyane above

$1B @ 3% is $30M not $300M

By: Michael Wynne

Michael Wynne — Sun, 09 Oct 2011 00:12:41 +0000

I am the stepfather of four beautiful girls and a lovely wife. The father was a dead beat dad and now my wife has full custody of the children. We both work and try our best to support them but I admit, it’s hard. They are fed, clothed and have a roof over their head but I wish I could do more. Vacations are few and far in between. I just started playing the lottery and welcome the story from Alberto Rodriguez. I believe in “The Secret” and visualizing, so hopefully that helps. All I ask is I have $150,000 to pay off the house and at least have some breathing room. If I win the millions, that would be awesome but at least something. What blows my mind is these people that are billionaires. If you go to Forbes Magazine online and look, we have tons of them. If you do the simple calculation, you question why we are in such econmy crisis right now in the US. If you take 1 million dollars and place it in the bank making 3% interest, that is $30,000 a year. Now, if you take 1 billion dollars, that would be 300 million a year. Of course you have to move things around from bank to bank but you get the idea. My question is this… We have over 300 million people in the US now, so wouldn’t that allow every to become millionaires? Of course, you can have a couple billionaires do this and everyone would be sitting pretty. The US could get out of debt and we could grow like crazy. You know why this doesn’t happen? The government. I know there is a big scam going on and they will not allow everyone to become millionaires. It’s just not right!!! I think those billionaires are very generous and would work together to make it happen but I’m sure the government would step in a do something. The American Dollar would be worthless if that happened, so face it, not everyone will make the money they desire.

By: g g

g g — Wed, 05 Oct 2011 04:53:19 +0000

after a short working career in civil engineering and teaching math the rest of the time i feel that a reward for my efforts in trying to better my life will be in the range of 5 to 10 million from the state lottery very soon.this fantasy is keeping my hopes up to the point of not considering committing suicide . it really is working. At 60+ I feel that i should be living as comfortably as my college educated friends. I had a rough chilhood expereince and tried to overcompensate by becoming an engineer for some stupid ass reasoning. I became frustrated by not being smart enough to understand the importance of working hard. Somewhere along the line I felt that if I have a large amount to work with I can make a lot of people happy somehow.by keeping them busy in saving the planet from the pollution of the environment.

By: Rick Roberts

Rick Roberts — Sun, 25 Sep 2011 16:34:07 +0000

Wow, what I wouldn’t do for the peace of mind that money would provide. I’d build myself a small cabin on a private piece of land with a creek, pond, and woods. My little nephew would have a generous education fund. My sis and nephew would get a yearly transfer. I guess I’d take a trip once in a while, but mostly I’d stay on my place raising farm animals and gardening. I enjoy solitude.

By: Dan

Dan — Sun, 11 Sep 2011 11:33:43 +0000

Dont forget that in the UK the annual interest is taxed due to it being seen as an income.

So if you have 1 million GBP in the bank and the intest rate is 4% you will earn £40k.

The tax man will come along and take 20% from that leaving you with

£32K. Which is still a nice amount but dont forget that is not spending any of the 1 million for a whole year.

It is true what they say now. If your a family of 4, man wife and 2 children. To be able to retire you will need at least 1.5 million GBP.

You could use the £500k to map off motgage, c/cards or loans and leave youself with say 100k for the year while the 1 million make you 32k interest.

Thats my idea of thinking anyway.

Obviously you can retire on 1 million if you are a single bloke at 40 living in a 1 bed appartment and is happy to do that for the rest of his life with no outlandish spending.

By: Turvey

Turvey — Tue, 09 Aug 2011 18:03:23 +0000

Good article with a few bits of advice and plenty of Trolls in the comment section since this was written 4 years ago!
If you are still reading then this is what Im doing.

Im in the fortunate position of searching now for a cash back investment on $1M .
I have not found anything yet.Interest payback rates now are 2-4% if you want to get risky.
US Realty is looking good but Im not a US Citizen so out of area taxes on any money you make will offset any big gains.
I think Im better off just Keeping both my rental Properties (New buildings with great contingency funds ,which is were I get my $1M) which net me $48,000 a year PLUS Real Estate goes up(Canada ) and although it will go down ,it will always go back up,and I get $48,000K a year for the rest of my life.

Hope this Helps.