It would last a lifetime. I would also make sure my true friends were well off.
2006-11-04 06:18:10
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answer #1
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answered by Sleep deprived 4
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G'day nofearintrepid,
Thank your for your question.
I would pay off my mortgage which means that I would be able to live without paying for shelter. That is $70,000.
I would then invest the rest conservatively. If I earn 5% a year roughly, that is $46,000 a year. Together with my salary that is $100,000 grand a year.
If I was taxed 50% roughly, (it probably wouldn't be quite that much) I would have $430,000. At 5%, that would earn me $21,500 a year which would increase over time given the power of compound interest.
Both sums would be nice nest eggs.
Regards
2006-11-04 16:54:38
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answer #2
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answered by Anonymous
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Hand it over, turn me loose at Amazon.com, and you'll see how fast I can wipe out a hundred thousand or so....(probably overnight).
Normally, I'd invest it (after paying off some bills)....but if I HAD to spend it? (as opposed to giving it away) ---even paying off the mortgage, student loans, and cars....it would probably take at least six months, really.
And for being alive 2 days from now?---who knows, but my inheritors would be awfully happy....
2006-11-04 14:55:32
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answer #3
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answered by samiracat 5
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It would take me up to a 1 year to spend all that money
2006-11-04 20:04:21
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answer #4
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answered by sunny4life 4
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i would never spend it all. i'd get out of debt buy a house in the country and invest the rest in stocks and property developement.
2006-11-04 14:11:49
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answer #5
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answered by Anonymous
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i owul dgive my parents half, a 1/3 of what i had left to charity and set up a fund ot live with my son off of.
2006-11-04 14:15:16
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answer #6
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answered by ? 3
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The only way I could answer that is Hand it over and I'll let you know when it's gone!!
2006-11-04 14:18:37
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answer #7
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answered by permless222 1
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I would have it for a while because I would invest some of it .
2006-11-04 14:15:28
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answer #8
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answered by Geedebb 6
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