Scenario: You have won 10 million dollars.
Question 1: Would it change you? How?
Question 2: What would you do with it?
Question 1: Would it change you? How?
Question 2: What would you do with it?
Let me give you a hint what you'd really be doing:Make me a lot less stressed, and owning a very fast car.
I would hire a CPA, Trust Atty, and a private wealth mgr. Trust atty to build a trust to protect the winnings from taxation; CPA to maxamize tax strategy; private wealth mgr to build a safe 5% yield portfolio so I can live off the interest indefinately.
You needing money for that?Two chicks at the same time.
I would buy a 30 infomercial and name it:
Taxing the Ignorant.
And I would show Ross Perot style pie charts of the actual odds of you winning the lottery, and how it is more likely for you to get rich by sticking a lump of coal up your ass and puckering until its a diamond.
If my infomercial is successful, then maybe it will cut the line from 10 minutes to 5 minutes at my local gas station cash register, and I can get my coffee a little quicker.
Make me a lot less stressed, and owning a very fast car.
I would hire a CPA, Trust Atty, and a private wealth mgr. Trust atty to build a trust to protect the winnings from taxation; CPA to maxamize tax strategy; private wealth mgr to build a safe 5% yield portfolio so I can live off the interest indefinately.
Id buy about 500-1000 acres with a river or large creek running through it, somewhere sparsely populated. I'd build a 1,200 sq.ft. basement house and cover the roof with solar panels, and Id bury huge cisterns next to the house to collect rainwater for daily use and gardening. There would be no air conditioning, and the only heat in the house would be via a wood stove.
Id hire a guy with dozer and a dumptruck to dig in either 1 large or several smaller ponds in which I would raise catfish and freshwater prawns to consume and sell.
I'd also build a hell of a homebrewing facility for beer.
Id then set out to live the rest of my days growing food, cutting firewood getting drunk and fishing.
Id pay off all my immediate family's debts and just bank the rest to pay property taxes and spend occasionally.
Skinny Mike?1. pay off college loans
2. help my sister pay for med school
3. buy a ton of land somewhere out west where i can go into the mountains right from my backyard
4. build a very efficient house that i can run off of solar energy
5. build a greenhouse for growing some of my own food
6. learn how to hunt and be able to provide all of my own meat that way
i'd probably also do a bunch of traveling and whatnot.
lthumbsdown:You think I could get Sam Hill to be my coach for 100k?