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Big things come at a price



 
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Big things come at a price #1 (permalink) Sun Aug 08, 2010 11:04 am   Big things come at a price
 

This is a story of a family which suddenly got rich and their dreams came true.But at a price.Have a look at the link below:
http://www.dailymail.co.uk/property/article-1301167/Our-Lottery-mansion-just-big-How-Chesters-dream-home-failed-live-familys-expectations.html
My point of view:
It goes without saying that people given with a great deal of money,go crazy straight away-virtually out of mind.
"Oh,God!That car is mine!","Girls,it's shopping time!",I'm gonna' build the trendiest house up!".Just a few examples to show you how money affects to people's sense.In such moments,most of us forget about the really value things and lavish anything on enjoying themselves.Well,I've never won money(from lottery),but if I had that chance,I feel I'd spend it as wisely as I can.For ex. I'd put my money into some business projects(that way it might bring me fund back).I believe that people who have strong visions about their career prospects, would know what to do with a big fortune of money.Lavishing it,it's not the way of making your life good and stable.It's just a temporary pleasure which ends really fast.
What do you think about that?What would you do if you suddenly got rich?
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Big things come at a price #2 (permalink) Mon Aug 09, 2010 5:38 am   Big things come at a price
 

If I were blessed with sudden wealth, I hope that I would do something like the following:

- Buy a nice house in a nice area
- Put a good chunk of it in a simple bank account (no risk)
- Put some in low-risk stocks (hoping to beat inflation consistently)
- Purchase a combination of Roth IRAs and fixed-return annuities
- Give some to charitable causes
- Give some to friends/family (mostly family)
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Big things come at a price #3 (permalink) Tue Aug 10, 2010 12:23 pm   Big things come at a price
 

Sudden wealth is a curse for normal working class people. Ask the folk who have won the lottery and bought expensive homes and cars, only to find themselves being snubbed by their "old-money" neighbours.
It's true that money can give you access to the finest medical treatments and specialists, but it cannot guarantee your recovery from your ailment. You will still die in spite of your having money.
Most working class people waste their money. Those born into money are well versed in spending money wisely.
If I were to ever become rich again I would spend my time visiting all of the places I never got to visit in my lifetime. China, India, Thailand and Africa, and there I would pay for schools to be built to help those children who would normally be deprived of an education.
Money spent wisely can be the greatest tool known to man, but spent foolishly, it is nothing but a waste.
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