Comments on: Starting from a Million Dollars — Forming Concrete Plans http://financefreelancelife.com/2008/05/10/starting-from-a-million-dollars-forming-concrete-plans/ Thu, 18 Mar 2010 17:36:24 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: MoneyEnergy http://financefreelancelife.com/2008/05/10/starting-from-a-million-dollars-forming-concrete-plans/#comment-54952 MoneyEnergy Wed, 23 Sep 2009 17:21:33 +0000 http://financefreelancelife.com/?p=614#comment-54952 Yeah, I like these exercises. I'd probably be boring too and after taking care of any immediate money issues (like credit card debt), I'd invest it in a fairly conservative cashflow vehicle and then redistribute the distributions. That way I'm not getting my million all at once, but spreading it out evenly and lowering the loss risk. .-= MoneyEnergy´s last blog ..<a href="http://feedproxy.google.com/~r/moneyenergy/~3/F1aPzLfaXT0/" rel="nofollow">Tips For Getting An Early Start On Your Holiday Season Budgeting and Christmas Gift Planning</a> =-. Yeah, I like these exercises. I’d probably be boring too and after taking care of any immediate money issues (like credit card debt), I’d invest it in a fairly conservative cashflow vehicle and then redistribute the distributions. That way I’m not getting my million all at once, but spreading it out evenly and lowering the loss risk.
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]]> By: Sunday Morning Link Love ~ Giveaway Next Week! | I've Paid For This Twice Already... http://financefreelancelife.com/2008/05/10/starting-from-a-million-dollars-forming-concrete-plans/#comment-18190 Sunday Morning Link Love ~ Giveaway Next Week! | I've Paid For This Twice Already... Sun, 11 May 2008 15:36:47 +0000 http://financefreelancelife.com/?p=614#comment-18190 [...] Micah - Finance for a Freelance Life: Starting From a Million Dollars - Forming Concrete Plans. The age old question of what to do with a million dollars shows Mrs. Micah that it really can be a [...] [...] Micah – Finance for a Freelance Life: Starting From a Million Dollars – Forming Concrete Plans. The age old question of what to do with a million dollars shows Mrs. Micah that it really can be a [...]

]]> By: AndyS http://financefreelancelife.com/2008/05/10/starting-from-a-million-dollars-forming-concrete-plans/#comment-18179 AndyS Sun, 11 May 2008 03:06:44 +0000 http://financefreelancelife.com/?p=614#comment-18179 It is actually fun to sit down with the family and do this planning excercise. You will be surprised at the array of answers you get and some ideas you may not have thought of. I would use the million to pay off debts and other regular stuff. I would then give 10% to charity and 10% to family. It is actually fun to sit down with the family and do this planning excercise. You will be surprised at the array of answers you get and some ideas you may not have thought of. I would use the million to pay off debts and other regular stuff. I would then give 10% to charity and 10% to family.

]]> By: Funny about Money http://financefreelancelife.com/2008/05/10/starting-from-a-million-dollars-forming-concrete-plans/#comment-18178 Funny about Money Sun, 11 May 2008 01:54:09 +0000 http://financefreelancelife.com/?p=614#comment-18178 hmmm.... If I turned it all over to my financial dude and he added it to the assets I already have, then at 8% appreciation it would be worth around $2.15 million in 5 years and $2.5 million in 7 years. That would be almost enough to support me through old age, assuming inflation continues to inflate and I live into my 90s. So...I guess I would do what I'm doing: working and investing and praying for the best, and retire exactly when I plan to, in five to seven years. A million bucks ain't what it used to be. Now, if someone were to give me five million...well! I guess I'd move to Santa Fe, keep a condo here so I could come over and pester my kid now and again, and rent or buy a hang-out in the south of France. And retire. Now. Today. hmmm…. If I turned it all over to my financial dude and he added it to the assets I already have, then at 8% appreciation it would be worth around $2.15 million in 5 years and $2.5 million in 7 years. That would be almost enough to support me through old age, assuming inflation continues to inflate and I live into my 90s.

So…I guess I would do what I’m doing: working and investing and praying for the best, and retire exactly when I plan to, in five to seven years.

A million bucks ain’t what it used to be.

Now, if someone were to give me five million…well! I guess I’d move to Santa Fe, keep a condo here so I could come over and pester my kid now and again, and rent or buy a hang-out in the south of France. And retire. Now. Today.

]]> By: Jon http://financefreelancelife.com/2008/05/10/starting-from-a-million-dollars-forming-concrete-plans/#comment-18162 Jon Sat, 10 May 2008 16:40:54 +0000 http://financefreelancelife.com/?p=614#comment-18162 I would invest all of the money and continue life like normal. Every time the money doubled (however long that took) I would take out enough for a reward like a vacation. Once all of my debts are paid off through my own labors, I would build that fund up to $10 million and retire. I would invest all of the money and continue life like normal. Every time the money doubled (however long that took) I would take out enough for a reward like a vacation.

Once all of my debts are paid off through my own labors, I would build that fund up to $10 million and retire.

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