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Reply to "What would you do if you had $1 billion?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Put $900M in a private foundation and make it my job to grant it away over the next 25 years. Not just to registered 501c3's but anonymously to help pay off medical debt for individuals, support for parents providing care for disabled or elderly relatives, or otherwise help people in distress. Of the remaining $100M: I'd give my mom $5M, which would occupy her mind to think of how to spend it -- probably to community organizations. Give each of my five siblings and my husband's four siblings $1M each. Give each of our nieces and nephews $100K as a downpayment on a home or towards their education. Keep my home, but do the addition, pool, and landscaping we can't afford to do. Buy two vacation homes, and willing one after my death to each of my children. Give each of our children a trust fund to pay for their children's and grandchildren's education, $500K towards a home or a business, and $1M that they can't tap until they're 60. So they have a substantial downpayment for a home but they have to work to keep it, they have no worries about being poor in retirement, no worries about being unable to afford their children's education, and they have access to vacation homes to make family memories. But they're going to have to work. I know better than to solve all of their problems about how to afford their day-to-day lives. I work with very high net worth individuals and their kids are screwed up. After providing for family, friends, and causes we care about, what we'd have left would still be more than enough to keep us happy living off the interest. Nice fantasy so thanks OP. [/quote] Good answer, but shocked no interest in private train car.[/quote] It would be kind of cool if you were doing a tour somewhere. https://www.privaterailcars.net/index.html[/quote]
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