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re: What would you do if you found $50 million: Serious Edition
Posted on 4/10/09 at 2:21 am to shel311
Posted on 4/10/09 at 2:21 am to shel311
The only issue with using a foreign bank is the money or a portion of the money could end up "missing" or government could seize it.
I would just keep it in my house, work a non-stressful job and pay for things in cash. I would even pay a note on a nice car I want.
Put small increments of say 500 a month in interest only account. Over course of time the interest would be high enough so your kids would be set.
Plus if your smart it would be hard to spend 50 million over course of your life. Unless you got away from original plan and went and bought a 500k mansion or a 200k car.
I would just keep it in my house, work a non-stressful job and pay for things in cash. I would even pay a note on a nice car I want.
Put small increments of say 500 a month in interest only account. Over course of time the interest would be high enough so your kids would be set.
Plus if your smart it would be hard to spend 50 million over course of your life. Unless you got away from original plan and went and bought a 500k mansion or a 200k car.
1
Posted on 4/10/09 at 5:04 am to tduecen
quote:
I would just keep it in my house, work a non-stressful job and pay for things in cash
I guess I'm just greedy cause I think i'd feel even worse if I had $50 mil and STILL had to work.
But I do think that is one of the best things to do.
Although, I had another idea just pop into my head, lol.
How about taking out about $5mil, waiting about 5 years, THEN going to the authorities and telling them you found it???
Maybe even try moving and doing it in a different state with the hopes that no one claims it so it can legally be yours. If someone does claim it, bummer. But you still got the $5mil you took out and you can use Tduecen's strategy above.
Though I guess taht could be a bit risky though.
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