If you inherited $1 Million at age 35
If you inherited $1 Million at age 35
Out of context: Reply #45
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Assuming the 1,000,000 is post-tax.
Take $100,000 and use that to set up a website that offers seed capital for new start ups. Also use this money to advertise the start-up and live on (sparingly) for 1 year's time.
Divide the other $900,000 into 18 separate seed ventures - $50,000/venture for an equity stake no less than 20% of the company.
Of the thousands - if not tens of thousands who enter, pick the 18 that have the best chance of succeeding. Of those 18 of tens of thousands, you'll likely have a good one that's bought out by google, yahoo or facebook. Cash in that 20%.