If your friends want money buy a company and give them jobs at the going rate. A manager runs the company and fires the slackers.
Just imagine ... 800 million
- Thread starter chiller
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My wife saw something on fb:
If you win, don't tell anyone. Call everyone you know, tell them you're in a real bind and need $500 asap. Let the ones that said no even try to ask for money.
Yeah, I know, they're not rich. But if someone I really care about, really needs something, I got you. @inreb, lose my number. ?
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If you win, don't tell anyone. Call everyone you know, tell them you're in a real bind and need $500 asap. Let the ones that said no even try to ask for money.
Yeah, I know, they're not rich. But if someone I really care about, really needs something, I got you. @inreb, lose my number. ?
Sent from a Samsung Galaxy far, far away using Tapatalk
I would open up a customer service kiosk in the mall beside Baskin Robbins or Ben and Jerrys if thats handier and I would call it "Lump sums r us" (with the r backwards, can't do it here but you get the idea) then hire friends to hand out money using the honour system but not to Joe Whatzhisname.
Here's the latest thing going around on FB.
That's an instant unfriend.
Here's the latest thing going around on FB.
Bad math. More like $4.33
I think it was a guy from Wall St that started the Facebook post.
bait click.
Anything over 2mil CAD I'd be running my *** to a top notch estate/trust lawyer and have that fine gentleman or woman take as much of that money away from me as possible and put it somewhere safe. Set myself up to receive a comfortable allowance, talk to a financial planner to make sure I get steady growth on the sum and never work again.
Financial advisers and politicians are hired / elected based on promises they don't have to fulfill.
That's why you work with a fee-based advisor. Know what you're getting into upfront and make sure you have all the right financial products for you/your life. Including a properly diversified portfolio, insurance, estate planning, tax planning, etc.
Bottom line imo is this: if you get dropped into money, you haven't earned it and you haven't learned how to spend it. Anything less that ~$5 milly, I don't buy a Ferrari. I don't buy a new house. I can stop working. I can open a small biz that will take up my time/ pay for itself. If I can clear $50k/ year from my money, I can live comfortably and go on vacation every year. I can buy a cottage and spend summers there. And when the guy that won the lotto and bought a Vette realizes that he ****** all his money away and now has to sell it, he can come to me and I'll buy it at a discount.
I know enough self made multi millionaires to know that you don't get there by making it "rain" when "you in da club". See? I'm down. I know the deets.
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I know enough self made multi millionaires to know that you don't get there by making it "rain" when "you in da club". See? I'm down. I know the deets.
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I agree. But do you ever wonder, if these guys are so good, why aren't they stupid rich?
Buy a few long term holdings.
Buy actual gold.
Buy some land.
Put some away.
However, even if I lived until say, 85 and I won 500 mil, I could spend 10 milly a year and have some left for the kids when I'm gone. That Powerball is stupid money. Eff "The Kids of Instagram", look out for "The Diabetics of GTAM!"
I'd be swimming in sugar free ice cream. And I'd even let the diabetic with the nice Klim pants join the fun.
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That's just gross. And this is what I would do if I had money. Not what you would do for money. ?
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$5M should get you way more than $50K/yr in interest. That's only 1% ROI.
Win $5M. Blow $500K on a trip around the world and a cool car and some big party.
Invest the remaining $4.5M in a low risk annuity. Even at a paltry 3% ROI you'd still be making $135K/yr.
I should have been more clear... there would be an extended family vacation to Italy for my wife to see her 95 year old Nonna, money away for the kids. A 2nd motorcycle some dirtbikes/atvs/sleds and a cottage for material things. A personal trainer to whip me into shape, and maybe some hair on my head, and laser to get rid of the hair everywhere else (tmi? What? I'm Italian).
So like, a mil gone? Then the interest income is taxable, and every year, help out one of my brothers, sisters, parents, or that troll from gtam. So at the end, $50k is doable, but like you said, quite possibly more. But that's the plan.
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Yep. If prob spend about 250K, buy a few reasonable toys, sell our house and invest a few hundred more on top and move into something bigger but still practical, invest the rest and live comfortably. Hell, even if you wanted more money (say $175k/year, REALLY comfortable assuming no debts) that drawdown on the core investment aside from the interest would still last someone a long, long time.
Even 1M, I could make work, retiring now.
I Always shake my head at the people who say you couldn't retire (assuming middle-age already) on a million. These are the "bought a Ferrari and makin' it rain in da club!" People who we'll see on the news in a year or two declaring bankruptcy. You wouldn't be moving like royalty on 1m, but assuming you're accustomed to an average yearly wage, you wouldn't have to work anymore as long as you were wise.
I don't need life changing money. I don't want life changing money. I'm OK with my life. What I could use is don't have to stress about it money.
