Overclock.net › Forums › Industry News › Hardware News › [EG] Microsoft Makes $5,200,000,000 Net Profit.
New Posts  All Forums:Forum Nav:

[EG] Microsoft Makes $5,200,000,000 Net Profit. - Page 5

post #41 of 104
Thread Starter 
Quote:
Originally Posted by Kaldari View Post

You might be surprised how fast $1,000,000 goes, and that's only living an middle-class lifestyle. Even if you live on $50k a year, which isn't by any means extravagant, it will only last you 15 years after taxes.

50K A YEAR?! eek.gif

Come on man, that is a little ridiculous, even for folks around here. I seriously doubt the average income for OCN members is that high.

Let's be more realistic.

$30,000 a year is perfect. Say you're a single dude with a car and the million you got is after taxes.

Your apartment costs $700 or so a month.
You spend $100 on insurance.
$300 for food.
$200 for gas and bills.

Done.

You can live for DECADES and not worry about a thing. thumb.gif
Edited by frickfrock999 - 10/25/13 at 11:51am
post #42 of 104
Quote:
Originally Posted by Bridden View Post

10% a year is a big number my friend. Don't get me wrong, it is possible, but unless you day-trade, you probably aren't going to see those kinds of figures. (And if you day trade, you could loose 10% a year easily...)
Simple saving/funds could net you around 5% if you look hard enough, but it would be touch.

Still, I could easily live off of 50k a year ^^

Not really, I've made an average of 13% per annum (over the last 8 years) using investment companies to move my money around (gross)... I could happily live off the interest of $1,000,000.00. Asking my wife and kids to live of the interest as well may prove difficult, lol.....
post #43 of 104
Quote:
Originally Posted by frickfrock999 View Post

50K A YEAR?! eek.gif

Come on man, that is a little ridiculous, even for folks around here. I seriously doubt the average income for OCN members is that high.

Let's be more realistic.

$30,000 a year is perfect. Say you're a single dude with a car and the million you got is after taxes.

Your apartment costs $700 or so a month.
You spend $100 on insurance.
$300 for food.
$200 for gas and bills.

Done.

You can live for DECADES and not worry about a thing. thumb.gif

30,000 a year? In what Country? Sure as hell not the US.
post #44 of 104
Wait wait,

It's not like that. There are still a lot of fixed spending left on the table. For instance, auto insurance, cell phone bill, electricity, internet access, etc. These things add up easily and can take out another big chunk of money you earned. So if we take a closer look at this, it would be like

$700 rent,
$100 gas,
$50 electricity,
$35 internet,
$45 smart phone plan or $20 non-smart phone,
$50 - $150 auto insurance,
$400 for food. I doubt you could live with $300 per month or $10 per day, that's too little money for food.

So far, it's already around $1400 out. And if the salary is $30K, which means your monthly paycheck is about $1975 after tax and medicaid/social so there is only about $500 left each month. That does not look too good.mad.gif

Quote:
Originally Posted by frickfrock999 View Post

50K A YEAR?! eek.gif

Come on man, that is a little ridiculous, even for folks around here. I seriously doubt the average income for OCN members is that high.

Let's be more realistic.

$30,000 a year is perfect. Say you're a single dude with a car and the million you got is after taxes.

Your apartment costs $700 or so a month.
You spend $100 on insurance.
$300 for food.
$200 for gas and bills.

Done.

You can live for DECADES and not worry about a thing. thumb.gif
post #45 of 104
Thread Starter 
Quote:
Originally Posted by Athrun Zala View Post

30,000 a year? In what Country? Sure as hell not the US.

Of course you can. There's people living under the poverty line which is MUCH less than 30K all over the U.S

Those numbers I listed add up to $15,000 -$16,000 total for the whole year.

The rest you invest in retirement, emergency funds, and medical insurance.

You don't need anything else to survive.
post #46 of 104
Quote:
Originally Posted by frickfrock999 View Post

Of course you can. There's people living under the poverty line which is MUCH less than 30K all over the U.S

Those numbers I listed add up to $15,000 -$16,000 total for the whole year.

The rest you invest in retirement, emergency funds, and medical insurance.

You don't need anything else to survive.

Who do you know that lives below the poverty line? I come from an area where there's people making below that, and let me tell you it's not as sweet as you make it sound.
post #47 of 104
Quote:
Originally Posted by Athrun Zala View Post

Who do you know that lives below the poverty line? I come from an area where there's people making below that, and let me tell you it's not as sweet as you make it sound.

Depends where you live...I could go back to my home town area of the US and buy a nice home for $30,000 or less which a yearly sallary of $15,000would get me easily...poverty line income would not be getting me a new car, but back there if it goes in forward and reverse and has a good heater it is considered a great ride.

Only trouble is that there isn't that much in the way of jobs to even get poverty class wages...there is like maybe 1500 people living in the entire county. Probably less these days.

Where I am living right now...I can't see how any one could survive on less than $30,000 a year...and that is just food and rent....and not even factoring in family expenses.
Edited by Vagrant Storm - 10/25/13 at 12:37pm
My System
(16 items)
 
  
CPUMotherboardGraphicsGraphics
2600K @ 4.7GHz Asus P8P67 B3 GTX 580 EVGA Hydro Copper 2 GTX 580 EVGA  
RAMHard DriveOptical DriveOS
4x4GB G.Skill Ripjaws bunch of 'em Blu-Ray For movies Windows 8.1 
MonitorMonitorKeyboardPower
24.4" Hans G HH251 X2 Yamakasi DS270  Blah 1000watt Super Flower 
CaseMouseMouse PadAudio
Built into Desk Microsoft SideWinder X8 Comfy one... Creative Extreme Gamer 
  hide details  
Reply
My System
(16 items)
 
  
CPUMotherboardGraphicsGraphics
2600K @ 4.7GHz Asus P8P67 B3 GTX 580 EVGA Hydro Copper 2 GTX 580 EVGA  
RAMHard DriveOptical DriveOS
4x4GB G.Skill Ripjaws bunch of 'em Blu-Ray For movies Windows 8.1 
MonitorMonitorKeyboardPower
24.4" Hans G HH251 X2 Yamakasi DS270  Blah 1000watt Super Flower 
CaseMouseMouse PadAudio
Built into Desk Microsoft SideWinder X8 Comfy one... Creative Extreme Gamer 
  hide details  
Reply
post #48 of 104
Quote:
Originally Posted by frickfrock999 View Post

50K A YEAR?! eek.gif

Come on man, that is a little ridiculous, even for folks around here. I seriously doubt the average income for OCN members is that high.

Let's be more realistic.

$30,000 a year is perfect. Say you're a single dude with a car and the million you got is after taxes.

Your apartment costs $700 or so a month.
You spend $100 on insurance.
$300 for food.
$200 for gas and bills.

Done.

You can live for DECADES and not worry about a thing. thumb.gif

Depends which demographic of people you're including.

All the teenies and below, then ya, no real "income"

but for a tech site filled with techies, I'd expect a pretty decent average income, especially for anybody a couple years into their career.

30k a year......that's just enough to pay for the gf/wife expenses!

wouldn't leave anything over for rainy days (car crashes) or any retirement investment (15-20%)
Main Rig
(13 items)
 
Secondary Rig
(15 items)
 
 
CPUMotherboardGraphicsGraphics
i7 3770k MSI Z77A-GD65 Gigabyte 780 OC Gigabyte 780 OC 
RAMHard DriveHard DriveOptical Drive
Ripjaw  Samsung F3  Samsung 830  Asus CD-Rom 
CoolingMonitorMonitorPower
Cooler master hyper 212+  Asus  27in 1440p Auria EQ276W 760 Watt Silencer 
Case
Haf 912 
CPUMotherboardGraphicsGraphics
i7 3770k ASRock Z77 Pro4-M 290 XFX DD R9 280X Gigabyte 
GraphicsGraphicsRAMHard Drive
R9 280X MSI Gaming R9 280X Power Cooler Crucial Ballistix  Samsung 830 series 
Hard DriveOptical DriveOSMonitor
WD Black Asus 24x Windows 7 Asus 24in  
MonitorPowerCase
27in 1440p Auria CM 750 600T 
  hide details  
Reply
Main Rig
(13 items)
 
Secondary Rig
(15 items)
 
 
CPUMotherboardGraphicsGraphics
i7 3770k MSI Z77A-GD65 Gigabyte 780 OC Gigabyte 780 OC 
RAMHard DriveHard DriveOptical Drive
Ripjaw  Samsung F3  Samsung 830  Asus CD-Rom 
CoolingMonitorMonitorPower
Cooler master hyper 212+  Asus  27in 1440p Auria EQ276W 760 Watt Silencer 
Case
Haf 912 
CPUMotherboardGraphicsGraphics
i7 3770k ASRock Z77 Pro4-M 290 XFX DD R9 280X Gigabyte 
GraphicsGraphicsRAMHard Drive
R9 280X MSI Gaming R9 280X Power Cooler Crucial Ballistix  Samsung 830 series 
Hard DriveOptical DriveOSMonitor
WD Black Asus 24x Windows 7 Asus 24in  
MonitorPowerCase
27in 1440p Auria CM 750 600T 
  hide details  
Reply
post #49 of 104
Quote:
Originally Posted by Athrun Zala View Post

Who do you know that lives below the poverty line? I come from an area where there's people making below that, and let me tell you it's not as sweet as you make it sound.

You can't really use average income without considering location. Average family income for 4 people with 2 contributors in the US ranges from 30K to 65K. Those values result in the same standard of living despite one being twice as much as the other. I come from an area where 30K a year for a single person would be very comfortable and have lived in areas where that would barely pay for rent and food. Location is very important.
Red-Scout
(18 items)
 
Asus G53SX-TH71
(12 items)
 
Big Blue
(12 items)
 
CPUMotherboardGraphicsGraphics
AMD 8320 FX Asus Crosshair V Twin Frozr 6950 Twin Frozr 6950 
RAMHard DriveHard DriveHard Drive
Corsair Vengence Red Crucial M4 Western Digital Raptor 300gb Western Digital 1 TB Black 
Optical DriveCoolingOSMonitor
LG Blu-ray Corsair H80 Windows 7 Professional Asus VE248H x3 
KeyboardPowerCaseMouse
Logitech MX 5500 Revolution Black Thermaltake TR2 RX 750w CoolerMaster Storm Scout MX Revolution Cordless Laser Mouse 
AudioAudio
Logitech X-540 5.1 System Creative Sound Blaster X-Fi Titanium Fatal1ty 
CPUMotherboardGraphicsRAM
Intel Core i7 2670QM G53SX NVIDIA GeForce GTX 560M Samsung  
RAMRAMRAMHard Drive
Corsair  Samsung  Corsair  Corsair Force GT3 
Hard DriveOptical DriveOSMonitor
Hitachi Blu-Ray Drive Windows 7 Professional 15.4" 1080p 
CPUMotherboardGraphicsRAM
AMD FX 8120 Asus M5A99FX Pro R2.0 MSI Windforce 6850 Kingston Hyper-Blue 16Gb 
Hard DriveHard DriveHard DriveCooling
3x Seagate Barracuda 3Tb OCZ Agility 2 64Gb 3x OCZ Vertex 2 Plus 32 Gb Cooler Master Seidon 120mm 
OSOSPowerCase
Windows Server 2012 Standard VMs (Server 2012, Windows 7, Windows 8, Ubuntu,... PC Power and Cooling 500w Silencer NXZT Switch 810 
  hide details  
Reply
Red-Scout
(18 items)
 
Asus G53SX-TH71
(12 items)
 
Big Blue
(12 items)
 
CPUMotherboardGraphicsGraphics
AMD 8320 FX Asus Crosshair V Twin Frozr 6950 Twin Frozr 6950 
RAMHard DriveHard DriveHard Drive
Corsair Vengence Red Crucial M4 Western Digital Raptor 300gb Western Digital 1 TB Black 
Optical DriveCoolingOSMonitor
LG Blu-ray Corsair H80 Windows 7 Professional Asus VE248H x3 
KeyboardPowerCaseMouse
Logitech MX 5500 Revolution Black Thermaltake TR2 RX 750w CoolerMaster Storm Scout MX Revolution Cordless Laser Mouse 
AudioAudio
Logitech X-540 5.1 System Creative Sound Blaster X-Fi Titanium Fatal1ty 
CPUMotherboardGraphicsRAM
Intel Core i7 2670QM G53SX NVIDIA GeForce GTX 560M Samsung  
RAMRAMRAMHard Drive
Corsair  Samsung  Corsair  Corsair Force GT3 
Hard DriveOptical DriveOSMonitor
Hitachi Blu-Ray Drive Windows 7 Professional 15.4" 1080p 
CPUMotherboardGraphicsRAM
AMD FX 8120 Asus M5A99FX Pro R2.0 MSI Windforce 6850 Kingston Hyper-Blue 16Gb 
Hard DriveHard DriveHard DriveCooling
3x Seagate Barracuda 3Tb OCZ Agility 2 64Gb 3x OCZ Vertex 2 Plus 32 Gb Cooler Master Seidon 120mm 
OSOSPowerCase
Windows Server 2012 Standard VMs (Server 2012, Windows 7, Windows 8, Ubuntu,... PC Power and Cooling 500w Silencer NXZT Switch 810 
  hide details  
Reply
post #50 of 104
Quote:
Originally Posted by frickfrock999 View Post

50K A YEAR?! eek.gif

Come on man, that is a little ridiculous, even for folks around here. I seriously doubt the average income for OCN members is that high.

Let's be more realistic.

$30,000 a year is perfect. Say you're a single dude with a car and the million you got is after taxes.

Your apartment costs $700 or so a month.
You spend $100 on insurance.
$300 for food.
$200 for gas and bills.

Done.

You can live for DECADES and not worry about a thing. thumb.gif

Dude....Im 26...and I make like 3k a year, yes a year xD
GTR-PC
(14 items)
 
  
CPUMotherboardGraphicsRAM
Intel Core i5 3570k 4.3Ghz  MSI Z77A-G45 EVGA GTX 770 4GB FTW Crucial Ballistix Sport 8GB 1600 
Hard DriveCoolingOSMonitor
Zotac SSD - WD 1TB (x2) Zalman Performa W10 64 Bits HP 2509 25" 1080p 
KeyboardPowerCaseMouse
Sidewinder X6 Corsair TX650 CM Storm Enforcer Mionix Naos 3200 
Mouse Pad
CM Storm Battle Pad 
  hide details  
Reply
GTR-PC
(14 items)
 
  
CPUMotherboardGraphicsRAM
Intel Core i5 3570k 4.3Ghz  MSI Z77A-G45 EVGA GTX 770 4GB FTW Crucial Ballistix Sport 8GB 1600 
Hard DriveCoolingOSMonitor
Zotac SSD - WD 1TB (x2) Zalman Performa W10 64 Bits HP 2509 25" 1080p 
KeyboardPowerCaseMouse
Sidewinder X6 Corsair TX650 CM Storm Enforcer Mionix Naos 3200 
Mouse Pad
CM Storm Battle Pad 
  hide details  
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: Hardware News
Overclock.net › Forums › Industry News › Hardware News › [EG] Microsoft Makes $5,200,000,000 Net Profit.