If you become an overnight billionaire, what is the first thing you would do? Where would you move to? How would you plan to spend your money?
I know it is almost impossible. But, I wouldn’t spend on everything. First, I would be concerned about my safety. I am sure my relatives and some “so called friends” will approach me. I would keep it as a secret. I would stay away of gambling and doing drugs because they are not my cup of tea. I would buy mutual funds and put some money in my CD account. I would probably invest more in my Education, but be aware of some schools. I would probably buy a house in Taiwan and a house in a Foreign country. I would travel more.
Racing is how I spent a few million usd I would avoid it and stick to just general funtimes
I had a conversation with Tony Fernandes when he bought LotusF1 that became Caterham F1…he was saying he blew a huge amount in a few years… F1 not good.
Perhaps, they can help you to manage only 20% of your assets. But, never let them to manage all. There are tons of lawyers, accountants and financial advisors who manipulate their clients. They might not tell you everything. Then, you will put everything on their hands because you believe they are specialists. Well, that’s why you should be more concerned. Yep, they are specialists. But, it doesn’t mean they all have integrity. It is ideal if you study a little about business law, accounting, and finance. You don’t need a degree for it. At least, you can be prevented when you hire one of them.
Beyond the legalities and ensuring my anonymity (don’t want moochers or thieves to know about me), I would stop working, buy some houses, donate to charities, help my family with any debts they might have, and travel.
Have you thought about entering the Miss World contest ? Just joking , but it was sounding kind of familiar Just no World Peace . What do I know …I managed to get comfortable twice and seem to be stuck with bricks and mortar assets that are not easy to sell
I just seem to attain 15,000 usd a month income and think I am fine …then go and spend 30k a month …must do better . Now I could do with selling the uk stuff but it takes so long . seems harder to bounce back but at least I have Forumosa