Arpig
Posts: 9930
Joined: 1/3/2006 From: Increasingly further from reality Status: offline
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If I won 38 million.....I would establish a 5-million trustfund for each of my 3 kids, and give my ex a 5-million lump sum as well. My parents and my 3 siblings would each get 2-million, leaving me 10 million to live on. 1 million of that I would spend on a house and a car & furnishing it, paying off old debts, etc. and the rest I would invest in a very safe vehicle and live off the interest...9 million at even a modest rate of return (say 1.5%) is still over 100 grand a year...plenty to live on, about $2000/week. Over time I would dip into the 9-million (college for the kids, a car for them when they get their licenses, replacement cars for me and so on, but I figure I could live really comfortably on the interest and there would be a tidy sum left over for my kids when I kick off. This basic plan works no matter what the amount...each portion just gets bigger or smaller depending on what the weekly jackpot is. As you can see I have it all figured out
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Big man! Pig Man! Ha Ha...Charade you are! Why do they leave out the letter b on "Garage Sale" signs? CM's #1 All-Time Also-Ran
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