I just inherit a large sum of money.....?

Question

from my grandfather witch I did not know he had. I have always lived modest so with this much money I don't know what to do. I am thinking about helping people out who are down on their luck . Do you have any ideas? What would you do if you had the money? I got a little more than 9 million dollars.

Answer 1

Find someone you can trust who knows how to manage money. You should probably invest some, save some and determine an amount for charitable works.

Answer 2

Congratulations.

Now some sound advice from someone who has helped both lottery winners and professional athletes with new found riches.

STOP! Take a deep breath. Now get ready to find some financial professionals.

Statistically speaking, more than half of the people with sudden wealth not only blow it all, but have LESS than what they started with in LESS THAN 5 YEARS!

You NEED a plan. First and foremost. It doens't matter if you have noble intentions or feel like living like a king. You still need a PLAN.

A financial advisor, a tax advisor, and an attorney are going to be your best friends. Yes, they will cost you some of the green. But you will be healthier AND wealthier for it.

When you come into money, you need to be mentally prepared for what it takes. People will come out of the woodwork with their problems. You have now 243 more relatives than you did last week. Grandfather wasn't too wise by not preparing you, but he obviously was somewhat wise to accumulate such a nut.

If your claim isn't a joke or a hoax, you may contact me by email or phone. I have personally been in a similar situation (although a much smaller number), and I have spent 17 years helping folks with financial issues. My clients are all around the world. I have been hired by 2 NFL teams to help rookies understand money and how it affects them. I have seen the DESTRUCTION the money causes, and I know how to avoid the major pitfalls.

Ultimatley, YOU are in charge of your destiny and your money. If you want to give it all away, do it with a PLAN. There are smart ways and dumb ways to go about it. Just handing out your money to charities is the DUMB way.

The WealthBuilder
Enrolled Agent / Tax & Financial Specialist


Whether you want to give it away, or

Answer 3

There are alot of sharks out there to act as financial advisors just to get your money. The best thing i can tell you is to get into real estate investing and multiply that money so that you can help even more people in your life. There is a company that has a verry good education system to help people start their business on a verry good foot. They have credit manage ment, portfolio planners that are already millionairs so they don`t need your money so don`t worry, they have personal cpa`s, they have systems on how to structure yourself from law suits, they have an entity company to set up your co operation, and they find you deals , they tenant the properties, fix it , fund it, Manage it for you. This is the single best opportunity i know off in this industry. They all so have the Ace credit recommendation in which you can transfer credits to 1100 colleges across America it is hudge. Contact me and i will tell you more about it and how it works.

Answer 4

Deposit it to a bank. Live your life and dreams (helping people) from the interest untill you are fully thoughful of you intentions with the money. Don't do something in a hurry just because you want to help others, but then, it will go to waste and not that many people get the help that they need. Besides, there are lots of unlucky people, and the best thing you want to do is to get hold on all of them, right. Think this through and take your time. It's a lot of money and will be a shame to let it go to waste.

Answer 5

That's a lot of money. If I had that kind of money I would try to help people as much as I can, but still satisfy my needs and wants. I would also try to spend it wisely too even though it is a lot of money. This is what I would do with the money: build a church(my church needs one), for school, donate money to organizations, and buy great gifts for family and friends. I would also buy all the stuff I want or want to do, like travel which would be really fun. Good Luck with the money!

Answer 6

woa, that's pretty cool! I'd put some of it in the stocks, so that it wont ever run out of money. also, now that you have alot of money you'll notice that people will start to come out of the wood work, which is probably why your grandfather lived modestly so he wouldnt attract unwanted attention.

Also, if you're interested in donating money somewhere good, consider some schools near by or hospitals, or some local youth centers, as they're always looking for funding.

Im envious of you, i wouldnt mind having a few million just to work on my teeth with! lol


hope that helps!

Answer 7

What would I do if I had $9MM? I wouldn't be advertising it here for one thing. The first thing I'd do is consult with an investor so that I knew I had money to live on for the rest of my life, and I didn't foolishly spend it all. I'd also give to charities - such as Mesotheloma Applied Research Foundation, St. Jude's, and here in Detroit Haven.

Answer 8

Wow that definitely is a large sum of money. If I had that much I would actually start a foundation for starving people so I knew exactly where the money was going.

Answer 9

I can be your best friend. Ha Don't let people guilt trip you. Stay quiet and humble. Don't flaunt it. Stay quiet. Invest in your passion and help others if you can. Money doesn't repair a persons lack of life skills. You can't fix everyones life. Invest in health care and long term happieness. Travel and learn life. Hopefully it will all come together for you and it doesn't ruin your world. Money isn't happiness they say. Be cool.

Answer 10

My address is... just kidding. My absolute favorite cause is St. Jude's Children's Research Center and Hospital. They treat childhood cancers, and will treat any child regardless of whether or not the family can pay. They need money all the time.