The family of a kid I went to school with won 14 million in the lotto, blew it all in like 2 years and lost their house, and then they won 18 million again 2 years after they lost their house. They were broke and living in an appartment again within 4 years.
How the fuck do you win twice to start with, but then to fuck it up both times.
Quote:
Originally Posted by BlackCrayon
even still, spend 2 million per year will last over 50 years. stupid people do stupid things though i guess.
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... if he put it in an account that made him 0% interest.
If I put 100 million into my normal checking account I would get more then 300k a year in interest.
Put that into my ING savings account and it would be more then 550k a year in just interest.
But then take into account with that much coin you can negotiate for a real interest rate.
I'd hire a great accountant, and a great invester, but leave 20million in just a normal bank account as a fall back.
Even being 24 I could retire right now with 20million, and live a pretty good life.