3 ms·

$1M

• jodrellblank 17y ago
  You live in Latvia, yes? I imagine that to be a generally cheaper cost of living than many places represented on HN, and your answer is less than many peoples. Coincidence? Or are you a frugal person? Or are you considering it as a nice start that could carry you to something else more profitable? If you had a company you could sell for $1M and were predicting it to be worth $2M in a year, as the original question predicts a doubling every year, would you be tempted to hold out another few months for $1.5M?
  • pkrumins 17y ago
    Yes, I'm from Latvia. I calculated that if I had $1M, then on 2.5% interest rate it would give me $25.000 per year, which is $2.000 per month, and since my favorite activity is self-education, $2.000 seems enough to live comfortably and do what I love. I am not sure if it's a coincidence or not. Well, if I had a company that was worth $1M, I think I'd push its value to $10M and then sell it. ;)