tag:blogger.com,1999:blog-8199270158927284616.post2140025799912107985..comments2024-03-28T13:40:38.952-04:00Comments on Ramblin' with AM: What Would You Do with a Billion Dollars?bookwormhttp://www.blogger.com/profile/06589840841266507266noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8199270158927284616.post-47287773841377999572016-01-14T22:39:38.507-05:002016-01-14T22:39:38.507-05:00Oh if I won a billion dollars I'd be so gobsma...Oh if I won a billion dollars I'd be so gobsmacked that I just won't know what to do with it! But definitely travel and spoiling my grandchildren will top the list. As for the rest? I'll cross that bridge when I come to it.Penelope Potty Snooperhttps://www.blogger.com/profile/13506050791510159530noreply@blogger.comtag:blogger.com,1999:blog-8199270158927284616.post-53606921995206486592016-01-14T22:06:32.400-05:002016-01-14T22:06:32.400-05:00I love your choices. :)
If I had won the lottery -...I love your choices. :)<br />If I had won the lottery -first and foremost, I would ensure long-term financial security for my immediate family, and would also donate some portion to charity, for causes that I believe in. Shanaya Taleshttps://www.blogger.com/profile/08053129459391925174noreply@blogger.comtag:blogger.com,1999:blog-8199270158927284616.post-16585048790196551722016-01-14T21:42:52.952-05:002016-01-14T21:42:52.952-05:00That's a great list.
Did you know there's...That's a great list.<br /><br />Did you know there's a TV show about lottery winners. The Lottery Changed my Life or something like that. My father made me watch one segment with a couple of... Well, they've probably already gone through their winnings with how they were spending it.<br /><br />But another segment had one guy who had gotten the attorney and financial advisor, and he had parlayed his winnings into a successful business. It was a what-not-to-do and a what-to-do primer.Liz A.https://www.blogger.com/profile/16531953467834426316noreply@blogger.comtag:blogger.com,1999:blog-8199270158927284616.post-60710860418480146282016-01-14T20:50:22.790-05:002016-01-14T20:50:22.790-05:00I think the problem with many lottery winners is t...I think the problem with many lottery winners is that they don't have a "millionaire/billionaire" mindset, so very soon after they win money they go right back to where they were financially before. On the other hand, you could probably take every cent away from Warren Buffett or Richard Branson and in short order they'd probably have millions and billions again. <br /><br />So if I won $1 billion dollars one of the first things I'd do is find a way to coach/talk with these billionaires and see what THEY'D do with the money. That way I'd be able to take that $1billion and maybe grow it to $10 billion or $100 billion. <br /><br />Assuming that's not a possibility I'd tithe 10% ($100 million to charity - a combination of going to alternative cancer research, animal charities, educational charities, different arts organizations and my church)<br />Take 10% for saving ($100 million to go into various investment accounts)<br />Take 10% for myself ($100 million to spend as I desire - definitely not all at once and a good portion would go into a trust to take care of my immediate and extended family and make sure that no one every has to worry about paying for higher education or medical bills. With this money I'd buy a new house and vacation and live the good life.)<br />The remaining 70% ($700 million would be used for various business opportunities. I'm a real estate investor so I'd buy more and bigger real estate ventures. I'd use some to give venture capital to other businesses I believe in (I desire to be like one of those people in Shark Tank). Anything I'd make off of these ventures would be split into the same relative buckets - 10% for charity, 10% for savings, 10% for living/pleasure, and 70% for growth and reinvestment. <br /><br />Gee that was fun. :) Monickhttp://www.thechecklistmom.comnoreply@blogger.comtag:blogger.com,1999:blog-8199270158927284616.post-74770183966266606482016-01-14T07:48:27.746-05:002016-01-14T07:48:27.746-05:00I would take my family on a fabulous vacation, pur...I would take my family on a fabulous vacation, purchase homes for them. Set up financial office to help single moms. Live off the interest. Anonymoushttps://www.blogger.com/profile/11789065999168698632noreply@blogger.comtag:blogger.com,1999:blog-8199270158927284616.post-863262262481462052016-01-14T07:35:18.853-05:002016-01-14T07:35:18.853-05:00I like your choices most of all.
Hmm. Probably wh...I like your choices most of all.<br />Hmm. Probably why you didn't win.<br />Sorry for the post-pull jinx...<br />:-)Cerebrations.bizhttps://www.blogger.com/profile/01273098928740152430noreply@blogger.com