What would you do with 5 million dollars?
06-03-2009, 04:56 AM
#62
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Originally Posted by NeRwEEzy' post='899074' date='Jun 3 2009, 03:10 AM
+1 invest...
well after a couple other things
well after a couple other things
06-03-2009, 06:50 AM
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Originally Posted by craigm1841' post='899040' date='Jun 3 2009, 02:35 AM
actually i would buy 5Series.net clings for everyone here. that would leave me with... well almost 5 million.
I'll PM you my address!
06-03-2009, 09:43 AM
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Originally Posted by melimel' post='899292' date='Jun 3 2009, 05:56 AM
id invest after i helped out my immediate family with mortgages, etc.. get everybody all set and of course a few nice auto's for me and my hub and my mom.. then i would invest..
06-03-2009, 09:58 AM
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Originally Posted by one4thethumb' post='897998' date='Jun 2 2009, 01:39 PM
$5MM before or after taxes? If it's before, take another 40% off that figure, so you are left with "ONLY" $3MM . . . .
I'd pay off whatever debt we had, fund college and grad school for the kids, buy a vacation home, and be certain that my parents and my wife's mom would be comfortable for the rest of their lives.
Because the investment real estate market is somewhat fickle these days, I would be hard pressed to place a significant amount of cash in real estate. I would likely consider tax free investments, live off the interest, and still have the principal at the end of the day.
I wouldn't quit working, but I would certainly change my work habits and do only the type of work for which I have a passion.
I'd pay off whatever debt we had, fund college and grad school for the kids, buy a vacation home, and be certain that my parents and my wife's mom would be comfortable for the rest of their lives.
Because the investment real estate market is somewhat fickle these days, I would be hard pressed to place a significant amount of cash in real estate. I would likely consider tax free investments, live off the interest, and still have the principal at the end of the day.
I wouldn't quit working, but I would certainly change my work habits and do only the type of work for which I have a passion.
06-03-2009, 10:06 AM
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Originally Posted by bespoke1' post='899554' date='Jun 3 2009, 12:46 PM
Move to Italy and open my own tailor shop and make suits...........
Drink wine. Chase Italian girls. Sleep late. Stuff like that.
B
Drink wine. Chase Italian girls. Sleep late. Stuff like that.
B
Ciao bella!
06-03-2009, 10:11 AM
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Originally Posted by CWS530' post='899562' date='Jun 3 2009, 01:06 PM
Do you need a partner in crime? 'Cause I need a new suit! Just ask Dave!
Sounds great, no????
I can definitely make you a new suit (or 10??)
B
06-03-2009, 10:12 AM
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Originally Posted by CWS530' post='899562' date='Jun 3 2009, 11:06 AM
Do you need a partner in crime? 'Cause I need a new suit! Just ask Dave!
Ciao bella!
Ciao bella!
So much the better! 
06-03-2009, 10:14 AM
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Originally Posted by flyingpuck' post='899569' date='Jun 3 2009, 01:12 PM
Calvin DOES need a new suit and an Italian one?? So much the better!
So much the better! I make plenty of them...... Even down here in LR....