and in what order
2007-01-14 09:09:32 · 32 answers · asked by l.a. 2 in Business & Finance ➔ Careers & Employment
Ah, I've wasted many an hour planning this....
£9mill is a good figure, I think I'd break it down like this:
£1mill to parents
£1mill split between brother/sister/trust fund for neice
£500k split between close friends
A kickass Vegas style holiday for one and all (nope, sorry, you lot arent invited!)
Buy a flat here (bournemouth)- £250k should get me a nice one- just!
Buy a flat in london- £500k (it'll go up!)
Buy a flat in NY - £500k
So that's about £4mill so far (taking in holiday and legal bills etc)....
Hmmm.... I'd invest £3mill
Have a million in a 30day notice account (so can live off interest in theory)
Blow £1million whatever I want! Which will, of course involve charities.....
I got 3 numbers last night...... Only £8,999,990 to go!!
2007-01-14 11:13:46 · answer #1 · answered by spagbolfordinner 3 · 1⤊ 0⤋
Invest in proven assets to create a financial fortress that will become a legacy for my children's children.
What the wealthy, middle class and poor spend on pay day will reveal how long that 9 million will last.
The poor will spend it all in 3 to 5 years. The Middle class will spend most of it on status symbols like a mansion and great car etc.. before they choose to invest it properly which will mean they will go through most of it before they realize what they've done.
The wealthy will triple it in less than 90 days because they already know the secret to money. You invest it in assets which create more assets, which create more assets.
2007-01-14 09:32:36 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Give most of it away to very worthy causes. Pick a charity that gives at least 80 percent to the cause and not the administrates.
Really, who needs 9 million? Take the rest put in really safe low turn over mutual funds and live off the dividends. Teach your children to be frugal and be givers. Large amounts of money can be very dangerous to your well being. Most importantly : STAND YOUR GROUND!
2007-01-14 09:23:57 · answer #3 · answered by aaapowersports 3 · 0⤊ 0⤋
I'd invest most of it, and live off the interest. That would give you an income of about $400,000 per year (at 5% ROI - that's easy to get safely). I'd buy a slightly bigger house (I don't need a 7,000 square foot house). I'd buy a nicer car. I'd travel more, and see the world.
Oh ya... I'd quit my job, and maybe look at operating my own small business, doing something that I really enjoy.
2007-01-14 09:29:08 · answer #4 · answered by so far north 3 · 0⤊ 0⤋
House
Massive Holiday
Go on a huge spending spree clothes makeup e.t.c
Give some Friends and Family
Give some to charity
Buy loads of kwl gadgets
2007-01-14 09:13:40 · answer #5 · answered by smiles 4 · 0⤊ 0⤋
Flight to Barbados.
Hotel in Barbados.
House in Barbados.
Sexy Maid.
Yacht.
Beach Front Bar/Club.
Buy a some Land with a peerage and become a Lord!
2007-01-14 09:15:56 · answer #6 · answered by Bohdisatva 3 · 0⤊ 0⤋
If I brought home the whole 9 mil (after taxes)
1. Invest 8 million
2. Donate 1/2 million
3. buy modest house
4. buy deceny vehicles
5. live off interest
2007-01-14 09:13:30 · answer #7 · answered by sunny_day_grl 3 · 0⤊ 0⤋
Keep 500 000 to myself the rest 8.5 million I would built a dam and an irrigation scheme where i come from. So that the people from where I come from do not stay beggers for ever.
2007-01-14 09:36:52 · answer #8 · answered by cool runings 3 · 0⤊ 0⤋
1. Pay the taxes on the winnings
2. Pay off all of my debts
3. Buy a modest home
4. Invest the balance
Then live off of the investment's interest income.
2007-01-14 09:27:10 · answer #9 · answered by steve 4 · 0⤊ 0⤋
pay off bills.
pay back my friends that have always been there for me no matter what- pay them in a vacation, a new vehicle, etc.
donate 1 mil to Tyra Banks, cuz i KNOW that woman would help a bunch of women with that money.
Buy a house in the mountains, and one by the ocean, a new car, a house for my sons and grandchildren and my daughter.
Invest the rest.
2007-01-14 09:17:22 · answer #10 · answered by debi_0712 5 · 0⤊ 0⤋