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..."Paul McCartney’s personal wealth is estimated at $1.6 billion. British press reports have speculated that McCartney has offered his wife around $50 million, while she is seeking at least double that amount. "
[msnbc.msn.com...]
She thinks she deserves $64,000 a night + child support which will probably be a cool $1+ million a year. (Withholding leg jokes but...)
If I had $1M, I'd put it in the bank and hope to get 6% interest. That would give me $60k per year without touching the principal... meaning I could withdraw $164.38 a day -- every day and blow it on whatever I wanted, for the rest of my life. Not exactly lifestyles of the rich and famous, but $1150.68 a week is nothing to sneeze at either.
So, for Heather, we multiply it by Paul's $50M offer... that's $8200 a day, or $57.5k a week to blow -- AND NEVER TOUCH THE PRINCIPAL.
And now the leg jokes:
Q: What do you call a woman with one leg longer than the other?
A: Eileen
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Q: What do you call a cow with no legs?
A: Ground beef.
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If I had $1M, I'd put it in the bank and hope to get 6% interest. That would give me $60k per year without touching the principal... meaning I could withdraw $164.38 a day -- every day and blow it on whatever I wanted, for the rest of my life. Not exactly lifestyles of the rich and famous, but $1150.68 a week is nothing to sneeze at either.
Typically, investment professionals suggest you would be wise to count on 4 to 4.5 percent, not 6. Makes a difference.