If you inherited $1 Million at age 35
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- registe0
The Perfect Salary for Happiness: $75,000
http://blogs.wsj.com/wealth/2010…
- JSK0
Actually you wouldnt get 1mil. You would have to pay estate tax on it.
- registe0
Some inheritances, such as life insurance proceeds, are tax free
- identity0
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%.
- ukit0
I would move to Jamaica and buy a small bar/ restaurant on the beach. Yeah mon
- call it cocktails?registe
- ...and dreamsbulletfactory
- and the ganjafyoucher1
- CanHasQBN0
i just got $240k yesterday. no jokes. i'm scared. i don't know anything about monies.
possibly more $$ coming in soon. somewhere around $660k.
fuckin weird year.
- shut your filthy mouthmonospaced
- congrats!
what do you do? i wanna see your portfolio.
Hombre_Lobo - CaniHaz?CALLES
- he said no jokes, must be trueJSK
- i can't show you my portfolio. it has my real name on it. i don't wanna connect my real name with this screen name.CanHasQBN
- i dont do anything right now. but will start a new company soon. not related to design at all. it's a low overhead, pretty profitable biz.CanHasQBN
- ...pretty profitable business.CanHasQBN
- need an intern?
identity - need a fluffer?sigg
- same differenceidentity
- Will you be our next hedge?JSK
- Hi, can I get a loan?ukit
- you've been saying this for yearseficks
- actually, for months i've been saying it's coming. it just came.CanHasQBN
- CableStudios0
- Get out of paper money NOW! you will loose it all.CableStudios
- pillhead0
YES
- TheeOtherJuan0
Communications technology is a great place to park 30% of this.
- new wi-max technology or buy a couple of cell towers and lease them out. Bandwidth IS increasing
TheeOtherJuan
- new wi-max technology or buy a couple of cell towers and lease them out. Bandwidth IS increasing
- formed0
Buy a vacation house, invest in real estate, take a damn vacation
- registe0
I'm taking this moment to lol the edits of this thread. again.