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I 'approximately' don't care.
You guys do realize that website doesn't magically know whats in ariel's bank account right?
http://celebritiesworth.blogspot.it/2017/09/ariel-helwani-net-worth.html
When I have some time to throw away I like finding out fighter's and other celebs' et worth.
Had no idea the weasel was so well off. With 5 mil between money and goods you're set for life.
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5 million bucks and set for life? Maybe if you move to a 3rd world country...
Helwani is 35.
Assuming he invests his 5 million safely, he will net between 3-5% interest max (again emphasis on safely).
Banks are only doling out 2-3% max. If he lives very carefully for the next 40 years and the US bank he doesn't invest his money with doesn't go bankrupt he should be just fine.
And of course that assumes he doesn't make any major purchases like a house or have a couple of kids that decide to go to university
Or heaven forbid get sick and need health care that his job doesn't provide (even assuming it does).
5 million dollars sounds like a lot of money right up until i isn't
If you cannot live off of dividends of 5-6% because nobody with $4,000,000 in securities in putting money into interest bearing securities in Canada then you have a serious issue.
The economy in Canada and the US is vastly different buddy. I pay 32% of my income annually in income tax. I bought a house this year (nothing spectacular) for 1.5 million. This is a house that was selling for 900k 7-8 years ago. I pay close to 7k a year just in property taxes
Two daughters in university costing me each roughly 35k a year (which includes residence).
Toronto is damn expensive to live in.
5 million CAD at 4% interest would be 200k per year which is a bit less than I make annually. Lose 32% of that to income tax, subract CPP/EPP etc.
Subtract what I am setting aside for retirement and the cost of paying into my companies stock options program. Add to that the cost for my company health care program (yes we still pay for health care in Canada, both my daughters are over 24 so no more free drug plan, dental optical etc).
Please don't talk about interest and returns if you don't understand the taxation on them. They are not taxed the same way as earned income. I live in Toronto. Please don't talk to me about stuff that you clearly don't have any knowledge on which is evident as you are still referring to it as interest.
http://celebritiesworth.blogspot.it/2017/09/ariel-helwani-net-worth.html
When I have some time to throw away I like finding out fighter's and other celebs' et worth.
Had no idea the weasel was so well off. With 5 mil between money and goods you're set for life.
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I understand it very clearly.... profits from my current investments go towards maxing out my RRSP contributions to avoid taxation annually. Not like it helps me now though.
Yep. Very few guys work harder than Ariel in his line of work.The guy is grinding everyday doing mms reporting and having guys on podcasts. He has also been doing this for a long time
5m is very believable
Having money doesn't make you "alpha" and it wouldn't stop Rampage or Kongo from literally killing him if they wanted to.Remember when Kongo and Rampage used to act like they were the 'alphas' around Ariel, LOL. He's worth more than both of them bums.
Having money doesn't make you "alpha" and it wouldn't stop Rampage or Kongo from literally killing him if they wanted to.
But good for him if he's really so set up financially.
That said, this website is known to be bullshit so...