Who Wants To Be A Millionaire Watch

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fionah
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#21
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#21
(Original post by Sire)
Raffle it off to at $2 per ticket. One Million tickets. Take One Million for myself, the other half goes to charity, and some very lucky bugger wins another million to try the same thing perhaps.
OK

Am i stupid? Because I thought the original thing was right:

You'd have $1 000 000 (or £ !!)
Then you'd MAKE $2 000 000 from selling the million tickets* at $2 each.
Then there would be a total of $3 000 000
Then $1 000 000 as prize, $1 000 000 to charity and $1 000 000 for self.

*not taking into account the cost of making and selling a million raffle tickets.
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PQ
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#22
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#22
Oh well sell the tickets for $3 anyway and give the money to someone at random
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hitchhiker_13
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#23
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#23
(Original post by fionah)
OK

Am i stupid? Because I thought the original thing was right:

You'd have $1 000 000 (or £ !!)
Then you'd MAKE $2 000 000 from selling the million tickets* at $2 each.
Then there would be a total of $3 000 000
Then $1 000 000 as prize, $1 000 000 to charity and $1 000 000 for self.

*not taking into account the cost of making and selling a million raffle tickets.

Exactly what I said Fionah. Not sure if we're both being stupid but I'm going to give you some rep, because you're either right, or wrong like me which is nearly as good
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fionah
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#24
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#24
(Original post by hitchhiker_13)
Exactly what I said Fionah. Not sure if we're both being stupid but I'm going to give you some rep, because you're either right, or wrong like me which is nearly as good
Hahah ta
It was just bugging me.. like.. I thought my logic was all wrong but was convinced I was right.. Well at least someone agrees with me!
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Sire
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#25
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#25
(Original post by fionah)
OK

Am i stupid? Because I thought the original thing was right:

You'd have $1 000 000 (or £ !!)
Then you'd MAKE $2 000 000 from selling the million tickets* at $2 each.
Then there would be a total of $3 000 000
Then $1 000 000 as prize, $1 000 000 to charity and $1 000 000 for self.

*not taking into account the cost of making and selling a million raffle tickets.
Dang, caught out for real this time. Ok there will now be two official winners on $500,000 in my little competition. Congrats fionah.
Sire sulks in the corner
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prince_capri
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#26
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#26
(Original post by superior)
if u won it , what would u do ?????
have a better life to live hereafter !!!
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prince_capri
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#27
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#27
(Original post by fionah)
OK

Am i stupid? Because I thought the original thing was right:

You'd have $1 000 000 (or £ !!)
Then you'd MAKE $2 000 000 from selling the million tickets* at $2 each.
Then there would be a total of $3 000 000
Then $1 000 000 as prize, $1 000 000 to charity and $1 000 000 for self.

*not taking into account the cost of making and selling a million raffle tickets.
impressive
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hitchhiker_13
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#28
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#28
hey, a little recognition here people! (Not that I crave attention or anything)
I do not want to detract from Fionah's insight and clarity, but I said the same thing!

Ok, that's all. WEll done fionah
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Howard
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#29
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#29
Buy real estate.

With $1million dollars, and knowing the right lenders and brokers I would say I could buy $4million dollars worth of real estate here in the US.

That's 20 single family residential properties at $200,000.00 each bought with a $50,000 downpayment (so 25% equity overall)

I'd then lease them out, not necessarily looking for a cash flow, but only to pay the mortgages/property taxes.

Now, if I assume appreciation at a very conservative 10% per anum then in around seven years the value of that real estate would have doubled to $8million.

I'd have havd all my mortgages set up to amortize over 15 years so in 7 years the $3 million debt might be around $2 million.

So, my debt would be $2 million set against assets of $8 million, leaving me a nice fat profit of $6million.

That's a ROI of 600% which ain't to shabby!
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prince_capri
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#30
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#30
(Original post by hitchhiker_13)
hey, a little recognition here people! (Not that I crave attention or anything)
I do not want to detract from Fionah's insight and clarity, but I said the same thing!

Ok, that's all. WEll done fionah
soz.......did not really read ur post !!
Well done though................gimme some part of it wemn u get it !!!
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Howard
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#31
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#31
(Original post by Howard)
Buy real estate.

With $1million dollars, and knowing the right lenders and brokers I would say I could buy $4million dollars worth of real estate here in the US.

That's 20 single family residential properties at $200,000.00 each bought with a $50,000 downpayment (so 25% equity overall)

I'd then lease them out, not necessarily looking for a cash flow, but only to pay the mortgages/property taxes.

Now, if I assume appreciation at a very conservative 10% per anum then in around seven years the value of that real estate would have doubled to $8million.

I'd have havd all my mortgages set up to amortize over 15 years so in 7 years the $3 million debt might be around $2 million.

So, my debt would be $2 million set against assets of $8 million, leaving me a nice fat profit of $6million.

That's a ROI of 600% which ain't to shabby!
Then, I'd repeat the cycle. Based on the same priciples and plugging the same numbers into the math I'd be sitting on 120 properties with a value of $48million and debts of around $12 million.

So that's $36 million, or $35million than I started with 14 years earlier.

Should keep me happy.
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fionah
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#32
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#32
You ppl are cheating with your money making schemes!!! It's like when ppl ask the question what would you wish for if you had one wish - - and then people go and answer "100 more wishes" or something!!!!!

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4Ed
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#33
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#33
what would be the odds of getting the jackpot if you went and invested your £1 million earnings from the show onto the national lottery?
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PQ
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#34
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#34
(Original post by 4Ed)
what would be the odds of getting the jackpot if you went and invested your £1 million earnings from the show onto the national lottery?
Well if the odds of getting the correct combination of numbers is 14,000,000 to one and you buy 1,000,000 tickets there's a 1 in 14 chance of getting the jackpot.

I'd rather give the money direct to charity then let camalot take their cut first...
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