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Monday, February 25, 2008
What would you do with 270 million dollars?
Next to this AJC article about the winning, there is a poll asking people what they think the winner should do with the money. Although I wasn't thrilled with the options given, I was surprised that most people think he should put it in the bank or invest it in stocks and bonds.
I clicked on "buy real estate." I think if I had 270 mil, I could afford to put quite a bit of it into real estate, and it's a down market so prices are good. It has nowhere to go but up, it's just a matter of hanging in there. With that kind of money, I could afford to hang in and wait.
But the survey aside, my first step would have been to claim the money anonymously. I'd check out several financial planners and accountants. I'd hire a couple more planners to analyze what the main one says. Then I'd need a private investigator to make sure nobody was embezzling.
Never mind. I don't think I want to win. Look at the paranoia creeping in. It already sounds too stressful.
The upside would be giving to charities, so I guess it could be worth the hassle to be able to do that.
1 comment:
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My husband and I discussed this in length. Step 1 claim the money without letting anyone know you won... I that possible?
ReplyDeletePay off a few people's mortgages.
Donate to church.
Start a business.
Travel.