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Top TigerNet [29414]
TigerPulse: 100%
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Joined: 2013
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What would you do with 11mil dollars per year?
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Nov 5, 2024, 12:38 PM
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To me that amount of money is unfathomable. I mean it truly is. And then to think of my actual net worth of assets/investments/ect after making 11mil/year. It's amazing to really try and contemplate that thought....
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1st Rounder [689]
TigerPulse: 96%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 12:46 PM
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Set up 529s for every young relative …
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Top TigerNet [32629]
TigerPulse: 100%
55
Posts: 35511
Joined: 2003
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I would do things that I wouldn't share with you.
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Nov 5, 2024, 12:47 PM
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That's how pdiddy got pinched.
Keep it on the dl.
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1st Rounder [651]
TigerPulse: 100%
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Re: I would do things that I wouldn't share with you.
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Nov 6, 2024, 5:09 AM
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This made me laugh out loud at 5am. Literally woke up the ol lady and she told me to shut the h*ll up. That is hilarious.
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TigerNet Legend [146415]
TigerPulse: 100%
67
Posts: 34862
Joined: 2010
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I already did it.***
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Nov 5, 2024, 12:48 PM
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All-In [10902]
TigerPulse: 100%
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Re: I already did it.***
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Nov 5, 2024, 4:58 PM
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Pinch P-Diddy?
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Legend [6949]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 12:52 PM
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All-American [561]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:51 PM
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App - you win the internet for the day
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Dynasty Maker [3352]
TigerPulse: 100%
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Hall of Famer [8119]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:06 PM
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Not bragging, but it wouldn’t change my life much. I retired and got bored and started a new business, so probably expand the business. Probably give more money to charity than I already do, and help out a couple of my relatives who have had a really hard time. Would definitely hire a full-time, live-in maid to do all of our laundry and bedsheets…
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Orange Blooded [2318]
TigerPulse: 96%
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Re: What would you do with 11mil dollars per year?
Nov 8, 2024, 1:03 PM
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So did I, all I would do is expand.
Not bragging, but it wouldn’t change my life much. I retired and got bored and started a new business, so probably expand the business. Probably give more money to charity than I already do, and help out a couple of my relatives who have had a really hard time. Would definitely hire a full-time, live-in maid to do all of our laundry and bedsheets…
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Commissioner [1229]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:11 PM
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I'm assuming that $11 mil is unfathomable for a HC?
Auburn just got finished paying off Gus. They're still paying Harsin a ridiculous amount. Both for NOT BEING THEIR hc! And, BTW, they're paying Freeze too. His buyout is easier on the program as it is spread out $4.9 mil over time. But then, they'll have two on the ex-HC payroll and a new one.
$11 mil is peanuts.
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Legend [7093]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 2:11 PM
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Looks like it's about time to start paying Freeze for not being their coach.
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1st Rounder [651]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 6, 2024, 5:12 AM
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Right? Who could have seen that coming lol.
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Orange Immortal [60035]
TigerPulse: 100%
60
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Joined: 2007
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:11 PM
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Yep, it's just shy of 1 mil a month. How could a man or women possibly know what to do with that much money coming every month!!!
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Orange Immortal [66858]
TigerPulse: 100%
60
Posts: 41041
Joined: 2001
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Quit my job, donate to church, buy a new house,
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Nov 5, 2024, 1:15 PM
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travel, etc. Of course, depending on the outcome of the election today, all of the above may be in another country.
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Orange Immortal [68088]
TigerPulse: 100%
60
Posts: 90176
Joined: 2001
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Live comfortably, prepare for an early retirement...
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Nov 5, 2024, 1:17 PM
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donate more to charity, and help friends and family who may be struggling financially.
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Associate AD [1040]
TigerPulse: 99%
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Re: Live comfortably, prepare for an early retirement...
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Nov 5, 2024, 1:21 PM
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Whatever you did the entire world would decide it’s their right to judge your every action and deed and deem you unworthy of it at every turn, no matter what.
That said, I’ll take the deal.
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110%er [3924]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:17 PM
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I think I might just have enough to by a small place on Lake Keowee, although it would be close
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Game Changer [1872]
TigerPulse: 86%
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Probably getting around 6M after taxes unless you are being
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Nov 5, 2024, 1:23 PM
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Are Creative with deductions from real estate, heavy equipment or other purchase you can wright off. So would them in turn invest right away 5 of the 6 Million, the. Live off the rest as well as do my giving off that. 5 years of that and you have a 25 million plus what ever you earn off it as a base or as John Goodman taught us F you money. That’s your base. Then if I’m still employed maybe relax the investing slighty for a higher quality of life or whatever I feel like doing. After 10 years if I don’t like what I’m doing anymore I’m out.
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Hall of Famer [8137]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
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Nov 5, 2024, 1:30 PM
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When you are in a position like Dabo’s you really don’t have to pay for much. When he built his house I’m sure people came forward saying they would do this and that for free so they could say they installed the cabinets, etc. in Dabo’s house.
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Hall of Famer [8137]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
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Nov 5, 2024, 1:31 PM
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Plus all of his vehicles are provided by the local Toyota dealership.
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Dynasty Maker [3329]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
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Nov 5, 2024, 4:45 PM
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You just answered a question for me. It’s off topic I know but one day I was at Strossner’s bakery in Greenville. I saw a lady that looked very much like Kathleen Swinney there picking up a birthday cake and a few other things. I asked the guy at the register if that was her and he had no idea who she was and didn’t really seem to know much about Dabo either! I left right after her and saw her driving out in a big Toyota SUV and I thought why would somebody with that much money be driving a Toyota because know I wouldn’t be. Now I know for sure that was her. She’s a tiny little thing.
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Hall of Famer [8137]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
Nov 5, 2024, 4:59 PM
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Yeah, she drives a Toyota Sequoia.
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Game Changer [1872]
TigerPulse: 86%
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All-In [10941]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
1
Nov 5, 2024, 1:57 PM
[ in reply to Probably getting around 6M after taxes unless you are being ] |
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Tax bracket is 41.39% in SC at 11 million a year. That’s $6.189 take home a year. To get into a lower bracket it can’t be investments per se. It would have to be charitable donations or legit business expenditures. Even donations would only lower your taxable income.
The way real wealth is built is to invest a large majority into businesses. Many coaches and players own multiple franchise restaurants or invest venture capital for residual income.
You can’t just creatively write off investments. Only a small percentage are qualifying. I’ve fought the fed for many years trying to create more write offs and have failed for the most part. I’m not making 7 figures a year but I have paid more than 35% almost every year sans one year I had health issues and paid a ridiculous amount of money out of pocket. They looked at and verified every single receipt on the state and federal level. The tax man is hard to beat. Unless you’re a billion dollar Corp bringing thousands of jobs to a state.
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Rival Killer [3050]
TigerPulse: 100%
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Re: Probably getting around 6M after taxes unless you are being
Nov 9, 2024, 4:07 PM
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Dabo is deeply invested in real estate. For example, he’s an investor in at least two restaurants of which I am aware, plus he is a major investor in the shepherd hotel in downtown Clemson. He and his wife also donate significant funds to the all in foundation and all the great work that the foundation does, including breast cancer research and the Clemson life program. I think he does a lot of good with the money that he has made from the Clemson program.
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Legend [6668]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:27 PM
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That’s not the question you should be asking. What you should be asking, if you are so concerned with another person’s money, is what do I need to do to earn $11M per year. If it means you grind your way up from walk on to unpaid grad asst to asst to out of the business in another line of work to back as an asst who travels nonstop to recruit and eventually gets a position coach job and then are given an interim tag after your boss is fired which almost always never results in a full time HC job but you were constantly working the whole time to have your own ideas about how you would capitalize on that opportunity if it ever came and even after getting the full time job you used part of your salary to hire/pay assistants and you all found success together and you were rewarded in pay commiserate with what your industry pays the most successful people at a time when compensation in your industry was exploding, then you too could be an overpaid, overnight success.
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Tiger Spirit [9943]
TigerPulse: 56%
44
Posts: 13051
Joined: 2006
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:52 PM
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Thank you Calhoun for a great comment. The coaching profession is among the most unappreciated and unstable positions out there. Coaches make what they make because they have survived and advanced to a place where their value is rewarded. The athletic department at a major university is a huge business, with hundreds of employees who contribute to the local economy and a successful football coach is the number one reason for that budget. Fans of all Tiger teams and all athletic department families can be thankful that we have a coach who earns $11 million a year.
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1st Rounder [651]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 6, 2024, 5:18 AM
[ in reply to Re: What would you do with 11mil dollars per year? ] |
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Well said, sir. I know there is a lot of divided opinion today but Dabo put in that work. He's a bargain in relation to what he has brought in.
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Rival Killer [2903]
TigerPulse: 100%
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All-In [10392]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:39 PM
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I’m sure most of you wouldn’t mind, but $4,900,000 is probably going to pay federal and state income taxes. So that would leave him with a paltry $6,100,000
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Hall of Famer [8137]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:43 PM
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Yeah, that’s only $235k bi weekly. Tough times.
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Orange Elite [5213]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:41 PM
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I would put a new roof on my modular.
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Hall of Famer [8137]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:46 PM
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I would seriously consider that faux stonework underpinning for my double wide. 😂
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Top TigerNet [31628]
TigerPulse: 100%
55
Posts: 18180
Joined: 2008
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:42 PM
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Assuming I could spend it on Clemson football..... Here's my 4 step plan:
1) Go out and hire the best D coordinator on the market.
2) Go out and hire a new safeties coach.
3) Go out and hire a new WR coach.
4) Go out and hire a new Special Teams coach.
There.
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All-In [11004]
TigerPulse: 100%
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Joined: 2013
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 1:44 PM
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tundra with the five point seven
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Hall of Famer [8301]
TigerPulse: 96%
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Buy a ranch in Montana and call it a day.***
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Nov 5, 2024, 1:48 PM
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Game Day Hero [4174]
TigerPulse: 62%
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I would keep Dabo as the head coach of Clemson***
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Nov 5, 2024, 1:55 PM
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National Champion [7563]
TigerPulse: 100%
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Indefinitely, regardless of results?
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Nov 5, 2024, 4:26 PM
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???
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Rival Killer [2630]
TigerPulse: 99%
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Do you not remember the years leading up to his hiring? I do***
Nov 11, 2024, 7:44 AM
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Commissioner [1237]
TigerPulse: 93%
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work 1 year and retire***
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Nov 5, 2024, 2:39 PM
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Oculus Spirit [39680]
TigerPulse: 100%
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Joined: 2015
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 3:40 PM
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You run a foundation and other charities and be sure the family is taken care of.
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Asst Coach [820]
TigerPulse: 98%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 3:41 PM
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Put it in my savings account each year
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110%er [3924]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 3:46 PM
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I am sure you're kidding but as a $ guy, this made me cringe LOL
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Hall of Famer [9035]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 4:51 PM
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Work 2 more years and leave Clemson and the whinny so call football fans. Then, get on the gravy train like Saban and ride it for a couple years before dropping out of public live.
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Asst Coach [875]
TigerPulse: 93%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 4:53 PM
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With that much money yeh i'd prob travel alot more to other countries, perhaps start a little business.
I never knew about the Toyota vehicle thing with Dabo, now i'm a little curious.....so how many vehicles exactly does he get? and who pays for it ? Clemson, some kind of deal with Toyota directly or what?
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Hall of Famer [8137]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 9:27 PM
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Think it’s a deal with Ralph Hayes in Anderson. I know he has a Tundra and Kat has a Sequoia.
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Tiger Spirit [9574]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 5:00 PM
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Top TigerNet [28989]
TigerPulse: 100%
55
Posts: 21822
Joined: 2007
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 5:15 PM
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And yet, the 49er's QB makes less than a mil a year. That will change significantly next year.
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Paw Warrior [4750]
TigerPulse: 82%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 6:20 PM
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I would do whatever I damnwell please.
Perhaps that is exactly what Dabo is doing ?
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Asst Coach [830]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 5, 2024, 6:24 PM
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Have beef jerky by my bedside 24/7!
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1st Rounder [651]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 6, 2024, 5:12 AM
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Watch that sodium bro
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Orange Blooded [2302]
TigerPulse: 92%
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Re: What would you do with 11mil dollars per year?
Nov 5, 2024, 9:22 PM
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put it in NIL
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Orange Blooded [2335]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
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Nov 6, 2024, 4:53 AM
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I would make good note of the fact that 8 million plus 3 million equals 11 million, but not 12 million. If you were 19 million dollars in debt, and you could only pay it off in increments of 3 million, 6 million, 7 million, or 8 million, it would probably behoove you to attempt to pay 8 million first, that way you would cut the deficit to 11 million, which would give you the option to pay the rest off with another 8 million and then a 3 million.
Paying 7 million would be poor strategy because that would still leave you with 12 million, making it so that you'd need 2 payments of at least 6 million to pay off the debt. Even if you tried to pay 8 million but were only able to pay 6 million, you'd still be in basically the same situation being 13 million dollars in debt. You'd still need at least a 6 million dollar payment and a 7 million dollar payment to resolve the debt.
Either way, you'd need two payments of at least 6 million, with no option to cover the cost with a payment of 3 million. Meaning there's no reason not to go for the 8 million dollar payment in that situation, and in fact you should, because going for 7 million effectively gains you nothing over what you'd have if you only paid 6 million, but if you did manage to pay the 8 million you'd put yourself in a much more flexible situation. I think if I were making 11 million dollars a year, I'd want to understand this.
(I'm interested to see if anyone picks up on what I'm talking about.)
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Orange Blooded [2377]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 9, 2024, 4:08 PM
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I would buy me some OL and DL 5 star recruits
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Valley Protector [1427]
TigerPulse: 91%
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Re: What would you do with 11mil dollars per year?
Nov 10, 2024, 3:26 PM
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Pay around 42.4% in state and federal taxes - $4,664,000
Pay around 10% in tithes to the church - 1,100,000
Donate to pro-life charities
Set aside some for the kids and grandkids
Might look for a new SUV as ours is a 2010 with around 170K miles - still runs great - Highlander
Probably maintain simple life style
Two ways to me rich - one is to have lots of money and the other is to have simple needs
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Playmaker [363]
TigerPulse: 45%
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Re: What would you do with 11mil dollars per year?
Nov 10, 2024, 3:29 PM
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Hire us a coach that is up w the times and uses all the tools available to him.
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Valley Legend [12572]
TigerPulse: 100%
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Re: What would you do with 11mil dollars per year?
Nov 10, 2024, 3:32 PM
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Retire
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Recruit [67]
TigerPulse: 62%
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Re: I would buy this Site and .....
Nov 11, 2024, 2:04 AM
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Ban All the Haters!
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Oculus Spirit [39225]
TigerPulse: 100%
57
Posts: 22467
Joined: 2003
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I Would Buy The TNET And Make Judge Keller The Moderator Just To Watch The Chaos***
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Nov 11, 2024, 7:32 AM
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Rival Killer [2630]
TigerPulse: 99%
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Buy this board and shut it down when it goes stupid, like last week***
Nov 11, 2024, 7:45 AM
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Replies: 61
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