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XxremedyxX
Senior tranceaddict
Registered: Sep 2002
Location: Richmond, Virginia
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some damn dj equipment and get my dream career started.
then i'd go buy a porsche gt2
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Dec-12-2002 14:58
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XxremedyxX
Senior tranceaddict
Registered: Sep 2002
Location: Richmond, Virginia
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| quote: | Originally posted by jonsimmonds
id prob go for the so much a year option, as it gurantees more stability over a lifetime and not spoiling someone rotten to the point they totaly change into a spoilt brat |
yea i agree. millions of dollars would not change the way i act, i will always be the same Tommy that everyone knows. I'd just have some goodies and of course i'd share. Who the hell could keep 100 mill to themselves? I'd definitley make sure my family is taken care of and i'd give my parents money so they could retire happily and not worry about money ever again. They've taken care of me my whole life why shouldn't i make sure they are taken care of for the rest of their lives. Agree?
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Dec-12-2002 15:08
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tranceman78
Modular 1

Registered: Apr 2002
Location: somewhere southeast of hell
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| quote: | Originally posted by butterfly
my friend brought up a good point to me yesterday -
take the whole thing. burn half of it.
invest like 10 million and live of the interest of the investments. a good investor should be able to safely make 10% a year. (that is 100,000 per million that you invest.) |
Yep, that's about what you should do. Take the lump sum payment, not the installments. If you take the money in installments over time, we'll say 5 mil/year for the sake of argument, that 5 million a year becomes worth less and less every year due to inflation. It's kinda like how your grandparents could buy a candy bar for 5 cents when they were a kid, and now you can't buy shit with 5 cents. You still have 5 cents, but it's not worth as much. If you take the lump sum you can invest the money in Certificate of Deposits, Mutual Funds, Stocks, Bonds, etc... and your money will accumulate interest at a rate higher than inflation. Therefore, your money becomes worth more instead of worth less. Anyway, you could live comfortably off the annual interest from $50 million.
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Dec-13-2002 06:24
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