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The Ultimate Question

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Old 11-14-2002, 08:12 AM
  #11  
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1. Change to unlisted phone number

2. Hire GOOD financial advisor and accountant

3. Set up trust funds for children

4. Come up with financial plan to allow for living off interest/dividends of the money without blowing the principal.

5. Start up a couple of businesses







You will find countless studies of the "Nuevo Rich"

In them the common thread is, that when you go out and immediately buy the trappings of being rich you will find yourself broke. Learn to live within your means first.



In the first post the indivdual immediately squandered over 5 mill (50%) of his money, leaving only 5 mil for critical mass to earn future income with. Bad planning!!
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Old 11-14-2002, 08:52 AM
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I don't know about you, but I think I could live a very long time off the remaining 5 million even at a low low interest rate you'd have over 150,000 income a year with out touching the 5 mill... :yum:
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Old 11-14-2002, 09:09 AM
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I'd definately be ****** some movie stars... That's for sure.



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Old 11-14-2002, 09:15 AM
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Not much would change for me right away. I would consider quitting the job at UPS, but it is good exercise. I'd still finish school...I just wouldn't have to take out so many loans.
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Old 11-14-2002, 10:41 AM
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Awww a turbo just for me!



HEY DON'T DO THAT I WOULDN'T BE ABLE TO WHINE ABOUT IT!



Shove it in a bank and live off the intrest.



Here's a challange: Spend 5 billion dollars in 10 years, and you can't give it away.
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Old 11-14-2002, 10:49 AM
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what is this brewster's billions now?
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Old 11-14-2002, 10:52 AM
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RD, I'd buy you a supercharger just so you can whine twice as much.
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Old 11-14-2002, 10:54 AM
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I changed my mind...I'd buy this as soon as I had the money. Last I heard, it was going for $4.5 million.
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Old 11-14-2002, 11:00 AM
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Dan SolD!!!!
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Old 11-14-2002, 11:01 AM
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Originally Posted by Rotarydragon' date='Nov 14 2002, 10:41 AM
Here's a challange: Spend 5 billion dollars in 10 years, and you can't give it away.
Is that even possible?
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