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#2 (permalink) Mon Aug 09, 2010 5:38 am Big things come at a price |
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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) _________________ Billie Jean is not my lover. Hee. |
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Prezbucky I'm a Communicator ;-)

Joined: 07 Nov 2006 Posts: 2621 Location: Nashville, TN (USA)
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#3 (permalink) Tue Aug 10, 2010 12:23 pm Big things come at a price |
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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. _________________ Keep it simple ... Keep it interesting. |
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Kitosdad Language Coach

Joined: 04 Mar 2009 Posts: 13417 Location: ESSEN, Germany, (but English.)
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