Donate it save it for yourself, quit all your nasty habits so you live longer, give it to the homeless, what would you do with it?
2007-01-06 15:07:10 · 12 answers · asked by amazon 4 in Business & Finance ➔ Personal Finance
I would take my mom to Hawaii. She has always wanted to go and she is 88 years old. A young 88. Then I would take her to Italy her heritage. Then pay off my daughters mortgage. Then I would buy myself a house so I don't have to be a tenant anymore.
2007-01-06 16:35:10 · answer #1 · answered by lindamonterey@sbcglobal.net 1 · 0⤊ 0⤋
Buy a home, pay off car and motorcycle, and other bills. Give some to each sibling, parent, and other family members. I would not give them all the same, plus some are too young and it would be for their college later. Invest plenty for years to come. Give decent amounts to many charities. Give anoymously to good causes. Fund mission projects. Give some $ to homeless families here and abroad. Since I would not have to work, I'd dedicate my life to helping others. Of course, I'd have many luxuries and free time to relax when I wanted. I would try to help out where I could. I'd travel, do many crazy fun things like sky dive, swim with sharks, hang glide. I'd finish my degree and possibly get a second one. I like learning. I would give to medical research. I would fund needy patients who need a lifesaving operation. If money is a tool, I would use it to help humanity any way that would be beneficial to them. Of course, I'd be living a very comfortable life too.
2007-01-07 02:08:33 · answer #2 · answered by eirama21 3 · 0⤊ 0⤋
ok 10 mill is more like 7 after taxes at that point i would spend 2 million buying a nice house and some land and a couple cars and then put 5 million into the stock market mixed between blue chip companies earning 8-10 percent and bonds earning 4 percent than you would be earning around 400k a year before taxes
2007-01-07 00:47:11 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Well, right off the bat, 5mil would go to taxes.
First things first, I would host a party on a yacht for my closest friends!
I would set up a trust to a couple of my favorite animal charities (Friends of Cats, Noah's wish and a couple of others) so that they would have funds to rescue and help more animals. I'm not sure how much--would have to discuss with spouse.
I would buy a nice piece of property (I already have one in mind--a private point of land jutting out into the Strait of Juan De Fuca) and start planning my dream home.
Take a cruise to Alaska or maybe around the world! :-)
Maybe when I return I would start an animal rescue myself if I had any money left!
2007-01-06 23:16:11 · answer #4 · answered by Trust no 1 3 · 0⤊ 0⤋
Buy multi unit income properties... ( you now have the time to learn about real estate investments on a large scale of developing or buying large multi units 100 or bigger.) remember get a great management company to run it.... put some into hard money and that ruturns about 15% with no charges and u have total control of what is going on... stocks, bonds, etc you have no control and u are charged on the buy and sale and it can be market up... read the donald trump robert K book.... max out the 10 mill into those 2 area and live on the income and u can pull off the value out of the real estate and invest it into hard money...
2007-01-07 02:29:28 · answer #5 · answered by scubastieb@yahoo.com 2 · 0⤊ 0⤋
$10,000,000 is a lot of money... It's in my best interest to give this to charity, but why give it to charity out right when more can be made?
I'd take my $10,000,000 and invest into high growth stocks chosen by Jim Cramer from mad money. I'd use my profits and invest that into even more stocks, accumulating more wealth as time goes by.
When I turn 80, die, or whichever comes first... my wealth (which would by far exceed $10M,) will go to various charities.
2007-01-06 23:17:35 · answer #6 · answered by Jessica L 3 · 0⤊ 0⤋
After the taxes are taken, I would take care of my debt, take care of my parents bills, buy a house for myself and my boys, invest a portion of it. Give a portion to breast cancer and enjoy some vacation time.
2007-01-06 23:23:05 · answer #7 · answered by Trese 5 · 0⤊ 0⤋
Spend and live on a third of it, invest and save a third. A third will probably go to taxes. That way it could sustain you forever.
2007-01-06 23:15:50 · answer #8 · answered by jeff410 7 · 0⤊ 0⤋
i would pay off all of my debt, then give some to charity and then invest it in a good run mutual fund like t rowe price capital appreciation (prwcx)
2007-01-06 23:36:35 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Give a couple mil to the family, then hire my own task force of knife weilding, adreneline boosted chimpanzees to solve mysteries and fight crime.
2007-01-06 23:17:06 · answer #10 · answered by Dethruhate 5 · 2⤊ 0⤋