*keep $1M and upgrade our full-time traveling lives (first-class airfare and cruise ship suites, for example). *pay off my son’s mortgage and pay to refurbish his recently inherited home. *pay off my step-daughter’s medical student loans *set aside $1M for a high-end assisted living facilty
That would leave $2.5M.
As someone who worked for and managed non-profits my whole adult life, I would put the rest in charitable annuities for causes/organizations close to my heart and a donor-advised fund for making annual charitable donations.
I would first tithe 10%. next, I’d buy a reasonable house for my sister to live in or use as a rental to live where she’d like. I would then redo my kitchen cabinets and bathrooms. Next, I’d pay off my husband’s debts (car) and invest the rest. One of the investments would be a travel fund where we’d fly business class when flying long distances across an ocean. If I got the urge again, I’d buy a business property: self-storage, or RV parking. 🙂 I have more than enough residential rentals.
I would keep $1M and supplement my life of full-time travel with better accommodations and transportation options. I would put the rest in charitable annuities and/or a donor advised fund.
I would invest the majority of this ($4M) straight away into my splits (Australian index fund, USA index fund, World ex-US index fund), and put the remaining $1M into buying my dream hobby farm and starting my permaculture food forest. And then I would continue with my strategy of being able to use this wealth to give back to the community via my business, volunteering and tithing donations
Probably invest it and used the proceeds to fund retirement plans for my children.
*keep $1M and upgrade our full-time traveling lives (first-class airfare and cruise ship suites, for example).
*pay off my son’s mortgage and pay to refurbish his recently inherited home.
*pay off my step-daughter’s medical student loans
*set aside $1M for a high-end assisted living facilty
That would leave $2.5M.
As someone who worked for and managed non-profits my whole adult life, I would put the rest in charitable annuities for causes/organizations close to my heart and a donor-advised fund for making annual charitable donations.
I would first tithe 10%. next, I’d buy a reasonable house for my sister to live in or use as a rental to live where she’d like. I would then redo my kitchen cabinets and bathrooms. Next, I’d pay off my husband’s debts (car) and invest the rest. One of the investments would be a travel fund where we’d fly business class when flying long distances across an ocean. If I got the urge again, I’d buy a business property: self-storage, or RV parking. 🙂 I have more than enough residential rentals.
I would keep $1M and supplement my life of full-time travel with better accommodations and transportation options. I would put the rest in charitable annuities and/or a donor advised fund.
I would invest the majority of this ($4M) straight away into my splits (Australian index fund, USA index fund, World ex-US index fund), and put the remaining $1M into buying my dream hobby farm and starting my permaculture food forest. And then I would continue with my strategy of being able to use this wealth to give back to the community via my business, volunteering and tithing donations