Mo money, mo problems
So I saw a commercial for that new show Windfall about these people who won the lottery (about $300 million) and my mother asked me, "What's the first thing you would do if you won the lottery?"
The first thing I would do is be pissed off that I would only end up with maybe one-third of the amount if I wanted a lump sum, and after taxes. So, after receiving $100 million, I think I would be pissed, in a sense. Can you believe that?
Anyway, my initial anger would probably fade away. I mean $100 million is enough to assuage any kid of bad feeling. But then, I think I would have an anxiety attack about what to do with the money. I would feel the need to invest all of it into something - since if I left it in my savings account, I would probably lose 4-5% of the value of my money because of inflation. That's nearly $5 million I would be losing per year just by leaving it in a bank account.
But what would be the first thing I bought with my $100 million?
My way into college.
The first thing I would do is be pissed off that I would only end up with maybe one-third of the amount if I wanted a lump sum, and after taxes. So, after receiving $100 million, I think I would be pissed, in a sense. Can you believe that?
Anyway, my initial anger would probably fade away. I mean $100 million is enough to assuage any kid of bad feeling. But then, I think I would have an anxiety attack about what to do with the money. I would feel the need to invest all of it into something - since if I left it in my savings account, I would probably lose 4-5% of the value of my money because of inflation. That's nearly $5 million I would be losing per year just by leaving it in a bank account.
But what would be the first thing I bought with my $100 million?
My way into college.