Tuesday, December 04, 2007

Anybody got some extra bucks on you?

About $3 million would suffice ;)
Imagine going to space for a short vacation!
$3 million a ticket for a back up seat on a space probe.
Anybody interested? 
An agency named 'Space Adventurers' will train you for a space trip,
you know to whizz around the Earth.
As and when there is a drop out by an actual astronaut for whatever reason you get to take that seat! You know, you get to fill in. Isn't that neat? Just a few million bucks and you are all set.
And with $30 million you get to fly a rocket. mmmm....
Now we know what the super rich do!!
These are the hours when i say 'If only..... ;)

For more info click on this link Space.com


At 12:58 PM, Blogger KP said...

oh well, who said money cant buy happiness?;)

At 2:01 PM, Blogger c e e d y said...

i agree with kp ;P.....but if i had 3 mill....i would definately go back to india....put that money in a FD....and just life life to the fullest.....it might just turn out to be as exciting as being on moon :) (just my 2 pennies :)....

At 10:12 AM, Blogger Preethi said...

@ ceedy: How true! living the American dream bck in India he heee.

@kp: money in any which way you see is vital 4 happiness. If you have that in plenty you've one less thing to worry about ha haaa.

At 3:21 AM, Blogger The Depressed Doormat said...

@ceedy: FD's would depreciate your money faster than you could imagine. With inflation, and taxes, you will find your money decreasing really fast, even if you are frugal with it!

my 2 pennies, just go enjoy that f1 drive, or the sukhoi flights. They are bound to be as much fun if not more with money left over!

At 9:52 AM, Blogger c e e d y said...

@depressed doormat
i have had many an exciting moment in my life and done a lot of crazy things - i agree that FC will depreciate - but i beleive if i am smart enuf to get that 3 mill or whateva - i can surely device a way to offset taxes and inflation....there are two ways to live life - have short spurt of excitement, blow it all off and then wait long for smg to happen - or have a long exciting life sharing with people who are near and dear with not to worry about my next meal :)
its personal choices :)
Sorry to use your blog for personal dialogue :)

At 10:15 AM, Blogger Preethi said...

mmm... @ceedy not a problem, sometimes the comments are more interesting than the blog itself!
keep it goin.

@the d d : willing suspension from reality, i know all about that :) keep coming

At 11:00 AM, Blogger Solitaire said...

Anyone got some extra smiles?
Will trade you for some extra bucks.
Preethi, its interesting that our blog page looks very similar!

At 3:05 PM, Blogger Preethi said...

Yep. I chked it. Give me a five ;)

At 3:47 PM, Blogger The Depressed Doormat said...

@ceedy: Obviously what you are saying is true. If you could earn that much, you could figure out how to keep it. But the point was, I would rather spend that money wisely, than lavishly, or not at all.

At 5:25 PM, Blogger c e e d y said...

point taken....
well i tried to figure out numbers:
i dunno where you are located but here goes
3 mill is equivalent to 12 crores in india at the current exchange rate
putting even half of it at 6% apr nominal savings not FD gives me 36 lacs a year or 3 lacs per month
assuming i go back to bombay and spend lavishly - i think i can survive on 50000 per month and also afford to get a house for another 50000
that leaves 2 lacs which reinvested covers my inflation and depreciation.....
advantages - i dont have to work 8 -5....can have a good life - do some social work.....and still have 6 crores to blow :)

thats why i made that comment :)

thanks for the blog discussion :)

At 3:59 AM, Blogger The Depressed Doormat said...

Crap... I had typed out this whole response but its all gone now. So ill just keep it short.

Firstly, you havent considered taxes. Income, Wealth, property etc.

12 crores will become 6.2-6.3 crores, if I assume you buy a flat worth 40-60 lacs in the first year only, 6& interest on the entire 12 crores and tax on only half the amount, which you must admit is highly conservative!

The 12 crores will become 3 crores by year 5 and I havent even considered any expenditure on your part.

Now this exercise was totally futile, but it just went to indicate, that money doesnt grow on trees and you need to generate wealth to stay rich!

At 7:23 AM, Blogger c e e d y said...

hey i am really interested in your calculations.....seriously....
cant figure out how you came up with 1/4 the number in 4 years :).....

also if you are factoring in taxes and expenditure - factor in compund interest.....

being conservative was for this calculation and keeping it simple....as i said before if you are savvy to make 3 mill - you can actually make it grow with proper investments...

At 5:16 PM, Blogger Preethi said...

dd and ceedy (wow! that rhymes!) If you guys met i think you'd hit it off rightaway!! grab a beer and off you'll go with the calculators.eh? :) Make $10 million, spend 3 on the space ride, live luxuriously with the 7. How does that sound?
Sorry to butt i,n just cudn't resist! heheeeee

At 10:50 PM, Blogger The Depressed Doormat said...

ceedy: I calculated interest at the end of the year. True, it would be monthly at .5% rather than annually at 6. But I think I more than made up for that simplification by taxing only half the amount and giving you interest on the entire amount. Also, I have not accounted for 50k pm expenditure, but that won’t affect the analysis much. Add the fact, that I haven’t taxed the interest and I think we can consider it square!

I will send you a copy of the calculations when I am done with exams. Mind you, the calculations are approximate, and rounded up/down to my convenience often. Also, I haven’t considered education cess (3%) etc.

I did not deny the fact that you have the capacity to invest and grow. But that is a variable I know not. This calculation could be for someone that won a lottery in the US, or a lawsuit!

Oh and it is quartered in 5 years (i.e. 5 years worth of interest and taxation) I think.... so the time u get the money will be year 0.

Preethi: This is your blog after all, and we have successfully hijacked it! :P

At 10:54 PM, Blogger c e e d y said...

you can forward it to chintandesai@gmail.com - look forward to evaluating it - thanks

thanks for this rang manch.....if i do make it - i owe you a royalty :)

At 10:32 AM, Blogger Preethi said...

@ceedy: yeah yeah. Remember all this when it matters ;)

@dd:It was etiquette from my end. You've more to learn from ceedy than just numbers. Trust me. Happy learning!

At 11:01 AM, Blogger c e e d y said...

Hey I surely will :)...right now am thousandnaire....only :)

thanks for the kind words, yes i can share smg but also learning is only possible with a constructive argument not I know all kinda attitude....the reason that this discussion took place is maybe it will open my eyen to my tomfooleries or maybe dd can gain an insight into his thought process....

and in the end you gain not matter who is right:) right !!!!!


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