I would never say no to going out or doing anything with the wife and kids since money wouldn't be tight. I would spend 2 weeks at home per month, 1 week at either vacation house, and another week off traveling the world and doing fun stuff with the family. I would buy all low-moderate purchases I saw that I wanted with no worries of going broke. I would not spoil the kids and buy them everything, I would make them work for whatever they wanted. That part of me would not change a bit, because raising your kids correctly should be the main priority once that kid pops out. Too many douches in the world.
- Quit work
- Make wife quit work
- Have another kid
- Buy a bigger house (5 BR 3 Bath or so) in the same location I am now for around $500k
- Buy a vacation house in the mountains, 6 hours away suitable for my family size for around $500k
- Buy a vacation house by the beach, 2 hours away suitable for my family size for around $500k
- Build a few gaming PC's for each house
- Buy the wife a brand new Ford Explorer Sport for around $40k-$50k
- Buy a huge Ford diesel truck for around $80k-$90k lifted and all
- Buy a huge camper around $100k
- Buy a nice pontoon boat around $40k-$50k
- Put 1 billion in all three kids savings
- Put rest of the money in the bank
Kids wouldn't be able to touch their money until they graduate high school, where they would get $1500 per month. They would also have the ability to use that money to pay for college. They would continue to get $1500 per month from their billion until they graduate college, in which case the number gets upped to $3000 and they will be kicked out of the house at that time. If they do not have any life skills, do not have any role to play in the world, no ambition to get a real job, and are not decent human beings by the age of 30, all money will be liquidated from the accounts and they will have no more monthly allowance.
If they have kids, each kid gets a savings started with $250 million of their money, and the plan starts all over per kid. If they have more than 3 kids, $750 million of the parents money will be split in however many ways.
No idea what I would do with the other 3 billion.... Probably prostitutes and drugs.....
Why?After taxes take 3-billion, i invest 3,999,000,000 in stocks and real estate. Put some in a gov bond too. Then survive off of/play around with 1 mill for the time being
I would never say no to going out or doing anything with the wife and kids since money wouldn't be tight. I would spend 2 weeks at home per month, 1 week at either vacation house, and another week off traveling the world and doing fun stuff with the family. I would buy all low-moderate purchases I saw that I wanted with no worries of going broke. I would not spoil the kids and buy them everything, I would make them work for whatever they wanted. That part of me would not change a bit, because raising your kids correctly should be the main priority once that kid pops out. Too many douches in the world.
- Quit work
- Make wife quit work
- Have another kid
- Buy a bigger house (5 BR 3 Bath or so) in the same location I am now for around $500k
- Buy a vacation house in the mountains, 6 hours away suitable for my family size for around $500k
- Buy a vacation house by the beach, 2 hours away suitable for my family size for around $500k
- Build a few gaming PC's for each house
- Buy the wife a brand new Ford Explorer Sport for around $40k-$50k
- Buy a huge Ford diesel truck for around $80k-$90k lifted and all
- Buy a huge camper around $100k
- Buy a nice pontoon boat around $40k-$50k
- Put 1 billion in all three kids savings
- Put rest of the money in the bank
Kids wouldn't be able to touch their money until they graduate high school, where they would get $1500 per month. They would also have the ability to use that money to pay for college. They would continue to get $1500 per month from their billion until they graduate college, in which case the number gets upped to $3000 and they will be kicked out of the house at that time. If they do not have any life skills, do not have any role to play in the world, no ambition to get a real job, and are not decent human beings by the age of 30, all money will be liquidated from the accounts and they will have no more monthly allowance.
If they have kids, each kid gets a savings started with $250 million of their money, and the plan starts all over per kid. If they have more than 3 kids, $750 million of the parents money will be split in however many ways.
No idea what I would do with the other 3 billion.... Probably prostitutes and drugs.....
Except after taxes, you're 'only' left with about 4.27billion - giving a billion to each kid means you have 1.27 billion left.
Assuming you live in the States and in a state that has no State tax.
After taxes take 3-billion, i invest 3,999,000,000 in stocks and real estate. Put some in a gov bond too. Then survive off of/play around with 1 mill for the time being
if someone gives you money as a gift, gov takes taxes out of itWhy do you assume the $7 billion is taxable? What's to say you can't just keep the whole thing?
tf am I going to do with billions at once, invest. I only need 1 mill to live comfortably and I can make more money by investing the rest of the billionsWhy?
If you only need $1M, and you have $4.72B, why do you need to invest to make more money?tf am I going to do with billions at once, invest. I only need 1 mill to live comfortably and I can make more money by investing the rest of the billions