It is true! I have inherited some money, won a lawsuit, and my investments are paying off!! I have been poor my whole life except for the past 2 years. I have bought a house, car, and a plasma t.v. It seams I have everything, and couldn't be happier. My friends just say to keep saving it. I don't know what to do now!
2006-08-31 06:53:10 · 15 answers · asked by lvillejj 4 in Business & Finance ➔ Personal Finance
I don't know how much $$ you really have, but if you have, say 2 million, you can put it in money markets, CDs, or even online savings accounts, all paying roughly 5%, that's 100 grand a year, every year, for life, just for parking your money! Knowing you already have a stash, you can feel more free with your 100k automatic income to enjoy life, contribute to charities, or whatever interests you. Want to take on more risk? consider stocks and bonds for a higher, but less stable returns. Guaranteed income for life, what could be better?
2006-08-31 07:54:06 · answer #1 · answered by James M 2 · 1⤊ 0⤋
Invest, invest, invest! Make your money make money! Open a franchise business, get into real estate house flipping...the possibilities are endless. Give some to your local church if you attend. Look at family, such as mom and dad, and see if there is some way you can give back something to them for all they did for you growing up. Don't spend it all. Try and save it or invest it. You'll be glad one day you did!
2006-08-31 07:02:06 · answer #2 · answered by TxCatLuvr 3 · 1⤊ 0⤋
Save some some, spend some, invest some, give some away..
No easy answer, but you must learn to say "no" to the people who will inevitably come out of the woodwork and want to share in your good fortune.
Good luck and congratulations!
2006-08-31 07:58:27 · answer #3 · answered by Adios 5 · 0⤊ 0⤋
Keep on saving. You could sudddenly lose everything in a few years, who knows. Put the money in a safe place and savefor a rainy day.
2006-08-31 07:02:35 · answer #4 · answered by Anonymous · 1⤊ 0⤋
Lend me 20 grand. I´ll pay you in 5 years. No, seriously. good for you. Save it and do some good to people who are not as lucky as you. Have a nice day.
2006-08-31 06:58:37 · answer #5 · answered by camp1971 3 · 0⤊ 1⤋
Donate to a Charity - Karma is a beautiful thing.
You could also loan me $5000.00 for the lawyer I need.
2006-08-31 07:02:48 · answer #6 · answered by kasey 1 · 1⤊ 0⤋
I think you should invest your money in something.Like something you are good at,or just open your small bussiness which can grow as suddenly as you suddenly became rich.
2006-08-31 06:58:08 · answer #7 · answered by Dmitry T 1 · 1⤊ 0⤋
Good for you, first of all! I am happy for you. INVEST WISELY!!!
Be careful if you choose to settle down!! Don't blow it on booze, drugs or gambling, either. Donate to charities - its tax deductible! REMEMBER: A fool and his money are soon parted!
2006-08-31 06:59:30 · answer #8 · answered by Anonymous · 1⤊ 0⤋
Please Donate some money there's alot of need for Donation for St. Jude's Medical Center!! They help families that have severe ill children.
2006-08-31 07:14:40 · answer #9 · answered by Rainbow Brite 3 · 1⤊ 0⤋
Fly Holt McCallany to a dinner with me.
2006-08-31 06:59:23 · answer #10 · answered by Anonymous · 0⤊ 1⤋