You may think I'm lying but I am not. I just inherited a big corporation from my grandpa. I really don't know what to do as I never was in the business field and how how do I keep it up and going?
2006-10-09 11:52:22 · 30 answers · asked by Nice Guy 1 in Entertainment & Music ➔ Polls & Surveys
put most in a swiss bank with high interest-give 10% to ministry-and use 10% more to help others -then just pick up your life style a little-take an aptitude test and know where u fit in best and go to bible college to learn how to live then follow your best interests from the aptitude test-david in Jesus amazing grace-if u only got $100 do the same
2006-10-11 04:31:13 · answer #1 · answered by ? 5 · 0⤊ 0⤋
self supporting scholorships and grants. very prestigious awards that help the truly in need. if you establish enough principal per acct, it will support 1 custodian+ a few mediocre month+- salaries for various services, but must not use more than the interest earned to function on. i believe it would be tax exempt, however i wouldnt take it out of there even if i became homeless.
just wouldnt be dumb enough to live lottery or happy hour for life.
haha your 108 is in assets and probably like 250,000 or less liquid or savings if its from your grandpa. leave it alone. use only the interest to spend and spend it on like buying down principal on your loans. youll be self made(with help) millionaire by the time your 35,if you dont buy extravagent. just let the interest climb and use tuition holes and um retirement funds until your ready to take the hit. do not buy all your toys, wait until the house is paid for, the 2 toyotas are paid and worn and youve just topped 1,000,000 in liquid, and diversify. like get a damned accountant. peace and god bless you. do some good with it.
2006-10-09 19:02:17 · answer #2 · answered by l8ntpianist 3 · 0⤊ 0⤋
Congratulations!
You will get the most satisfaction out of your money by giving most of it away.
See an attorney about setting up a foundation so you will not personally be worried to death with people who are seeking to get your money. Then, decide what appeals to you most - aid to third world citizens, aid to medical groups searching for a cure to a dread disease, aid to education so that future citizens will be equipped to make a living, aid in the furtherance of peace, aid to the religious group of your choice, etc. Then write guidelines for your foundation to follow to further the interests you have decided on.
I think a very nice touch would be to donate funds for a building - say a church or educational building - that will bear your grandfather's name.
2006-10-09 19:02:03 · answer #3 · answered by Serendipity 7 · 0⤊ 0⤋
Invest about 35% of it for the future, give around 20% to your favorite charities, treat yourself well with 10%, and the final 35% put in the bank to pay for taxes and expenses.
2006-10-09 18:59:28 · answer #4 · answered by Michael R 2 · 0⤊ 0⤋
You need to do two things Sister Bear. First, you want to sell that corporation and give $54,000,000 of your profits to your poor wife who is suffereing and serving in Iraq while you fornicate with your neighbor and her daughters. Second, you are going to take $20,000,000 of what remains and go see a man named Johnny Kneller. He's going to sell you a 603 carat diamond and you'll give that to your wife.
Invest the remaining in bonds and you'll do just fine.
2006-10-09 19:27:55 · answer #5 · answered by Laura D 2 · 0⤊ 0⤋
Ahem, will you marry me?
Just kidding. Do whatever you want with it, its yours. If you have kids you might wanna save up some for their college or car. If you have a girlfriend or boyfriend, spoil them like crazy. Pay some bills and have some funn.
Call me 555-6766 Om, sorry I'm kidding again. Haha!
2006-10-09 18:56:12 · answer #6 · answered by SmashJ 2 · 0⤊ 0⤋
SPCA(give to the needy, cancer) and go somewhere fun like Disneyland!! Buy A Dog from SPCA and the rest spend on family, friends, girlfriend/boyfriend or even your self!!
2006-10-09 18:56:49 · answer #7 · answered by Purrfectly Normal 3 · 0⤊ 0⤋
You are right to be concerned, the stories of people getting big slices of dough that aren't accustom to it, it ends up causing more heartache than the person counted on. The best thing to do is get some folks in your corner that will give you the correct advice. ......ALL THE BEST.......LATER
2006-10-09 18:59:32 · answer #8 · answered by veteranpainter 4 · 0⤊ 0⤋
First obtain professional help for your business.I will help you invest...Seriously. Then, you should donate a portion to help churches , save a portion for the future and daily expenses, and donate a portion to charity of which you can start with me. I'll be glad to send you my name and address.
2006-10-09 18:54:43 · answer #9 · answered by Anonymous · 0⤊ 0⤋
go shopping buy a house buy an expensive car give some to charity save some up
2006-10-09 18:55:07 · answer #10 · answered by cutegrl1010 3 · 0⤊ 0⤋