2007-04-14 19:09:58 · 17 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
You don't state what type of advice you are seeking ? Are you seeking investment advice or strategies to make it grow more? Just for ref did you inherit money or ? There is alot you can do but you need to be more specific in your question write to me at billone44@yahoo.com and I will try to answer your question in depth
William Galloway
2007-04-14 19:51:59 · answer #1 · answered by billone44 2 · 1⤊ 0⤋
You should call a financial advisor. Edward Jones is a good one if they have one whereever you are. Don't give anyone money to tell you about your money. They give free consultations if they are legit. You could also get some long term cd's, for college education, for your sisters kids if you have a sis or brother. Make sure your parents are taken care of, Edward Jones can make investments for you and give you an income from your money so you don't blow it all or meet a golddigger and go crazy impressing her when all she cares about is money. You could also look into starting a business that you would enjoy. Maybe something that would help educate children or help single mothers and their kids. But don't tell everyone you meet that you have money. It's hard enough to know whether people are genuine or not when you try to get to know them without having millions hanging over your head! :) That can be a wonderful thing to spring on them if they are worthy of your friendship. Enjoy yourself but also be good to your body, you only get one. Don't abuse your wealth! You are blessed and you should live in the life you deserve. Can I ask how you became a rich guy? I could use a little richness myself! Be happy! :)
2007-04-14 19:28:24 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Find yourself a good investment counselor and work with him to protect your money and provide for your needs further down the road. Don't forget to share a little with a few good charities. Don't live a lavish lifestyle. It will burn money quickly having to maintain a big estate with a grand mansion when you only need a 3 or 4 bedroom house, or a fleet of cars when maybe a nice, non-pretentious fuel efficient car and a Land Rover for adventures and travel is all you need. Indulge a few of those long-time, pre wealth 'If I only had the money' dreams you've carried, but don't go overboard. Don't let the money go to your head. You are still the same person you were before, your life will just be easier now. Good luck. I hope you find what you are looking for.
2007-04-14 19:37:54 · answer #3 · answered by ? 5 · 1⤊ 0⤋
With great wealth comes great responsibility. The first thing I would recommend you do,before you begin spending your money is: get a master alliance.
Hire a tax lawyer, an accountant and a book-keeping service. These are going to be the most important people to help you, at the very least, preserve your wealth. Next, donate to some of your favorite charities. Charities whose work you believe in and whose work you think/feel is benefitting others and the greater good.
Afterwards, spend as much as you like, only after the advice and consultation of your master alliance. Afterall, there is no point in having money if you are not going to enjoy it . However, enjoy it responsibly.
2007-04-14 19:21:13 · answer #4 · answered by Muga Wa Kabbz 5 · 1⤊ 0⤋
1)buy a property or two and collect rental.
2)keep about 50% of the balance in Fixed deposit,investments and collect interest.
3)do some charity work
4)spend the rest wisely
enjoy the rest of your wonderful life!.
2007-04-14 22:19:04 · answer #5 · answered by alan t 1 · 1⤊ 0⤋
How about lending me $25,000 and I will pay you back $30,000 in 12 months. I live in Australia and need a loan until my inheritance is given to me in 12 months if interested contact me at kimberlina39@hotmail.com or kimberlina5113@yahoo.com.au. I am serious this isn't no scam, Ive tried all other options. Would be great to hear from you. Thanks Kim.
2007-04-14 22:12:03 · answer #6 · answered by kimberlina5113 1 · 0⤊ 1⤋
It sounds like the money is not bringing you happiness Give it to some worthy charities. They will have no trouble using it to make some other people happy
2007-04-14 20:15:27 · answer #7 · answered by Anonymous · 0⤊ 1⤋
send to Mother Teresa's trust in Kolkata, India
2007-04-14 19:19:29 · answer #8 · answered by pali@yahoo.com 6 · 0⤊ 0⤋
Get a lawyer and a reputable financial advisor.
2007-04-14 19:18:03 · answer #9 · answered by Mikki 1 · 1⤊ 0⤋
Get 3 financial advisers. Don't tell any of them that the others exist. Follow their advice with 30% of your winnings. Put half of the rest in the bank. Blow the rest of it on a vacation or whatever you want.
That'll be $500,000, please. ;-)
2007-04-14 21:36:17 · answer #10 · answered by Anonymous · 0⤊ 1⤋