Clever. I like it.
Just imagine ... 800 million
- Thread starter chiller
- Start date
Clever. I like it.
You mentioned the amount of $50K per year in a previous post.
You can easily earn $50K a year from $1mil invested.
Start the list with a bunch of the major charities. They started calling him the same day... He had messages on his phone when he got home from claiming the winnings.
It's possible by not easy, given current interest rates. You can expect a return of more like 2-3% I would think. Some rare funds have returned 8-10% in this economic climate, but won't do it this year. Getting a stable 5% could be difficult.
Yes , it does sounds good.. but would your tax accountant agree?
pay matching, that's an interesting concept! what if you get a girl and she ends up a stripper? you'll be paying a lot of money
Now let's hold on here, get real...we all know strippers don't declare their "income", right?
When I win I'll have time to think about it.
But, that's kind of what my parents did for us. They gave us a good chunk of the required down payment on the house we *could* have afforded (according to the bank) and we used it as virtually the entire down payment on a much more humble, albeit still nice house, which because of our decision in that regard (and aggressive payments, that whole "effort" part) we are now about to sign our last 2 year mortgage paper on...and blam, free and clear.
That opens up another debate about people that rush out (money or not) out and buy homes that are on the bleeding edge of their affordability limits, but that's a different story. These are the same people who will be complaining that they can't afford to retire at 65 because they can't afford it, still carrying a mortgage, 2 brand new financed to hilt cars in the driveway, all the toys that they only own part of because they needed new and shiny vs old and paid for...etc etc.
The best trust setup I saw was pay matching with a social bonus. ie. if you want to be an accountant, your pay is matched 1:1, if you want to be a social worker/addiction councellor/similar socially valuable jobs that pay crap, the trust paid 4:1 on your salary. In either situation, you are taking home ~200,000. It minimizes the effect of the potential salary on your career choice. Obviously this type of trust requires a crap ton of money to be effective.
It also tests the kid to see if theyre gonna try to get their own success or depend on daddy/mommy's money.
If it's my money, i get to decide on what terms it gets used/given (outside of government taxation).
Basically, your kid can sell his/her soul for your money
pay matching, that's an interesting concept! what if you get a girl and she ends up a stripper? you'll be paying a lot of money
Based on T-4's so drug deals, hooking and stripping don't count. Come to think of it money earned as a politician doesn't count either. Same ethical reasons.
But then there's also lawyering that can be pretty crooked. Unless you're a public defender lol then x5 ratio
suzuki2000
Well-known member
one of my co-workers went over the border to pick up a ticket last night for our group (we work in Niagara Falls) doesnt sound like we won unless he took a longer trip than we anticipated.
and i was so willing to split any winnings 10 ways..
and i was so willing to split any winnings 10 ways..
3 so far but could be more. Schadenfraude would be where there are 1.6 billion winning tickets.
