 How can I get rich fast? |
| Please tell me. I will not live another day in poverty, it isn't what life's about. I'm not saying this for you to feel sorry for me, I don't need your pitty. I just want some ... |
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 If you had a million bucks, what would you do with it? |
| Please give a profound and substantial answer. Thank you! :)... |
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 How to get Visa card? |
| I saved up 15,000 $ in the Bank of America. I'm 17 years old. Would I be able to get a Visa Card Platinum?... |
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 I have a habit of spending more than my income? |
| Please help! I have this bad habit of spending more than I should ane end up with an empty pocket. But when I go out of home, I cannot resist myself. It maybe something to eat, or whatever article I ... |
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 I am sick and in loads of debt and cant afford repayments. i have no house, and dss pay my benefits and rent? |
| if i decide to kill myself, will my parents who have nothing to do with me have to pay the thousands i owe?... |
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 How do you save money? |
What is your trick to putting away money every month without noticing it's gone?
Additional Details
I'm asking for tricks to putting money away. Of course it's not for ... |
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 How much debt are you in? |
Not including the mortgage on the house but include credit cards, bank loans, car loans, intrest free stuff in the house etc. And how old are you - what's you plan to reduce this?
A... |
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 I have really bad credit and need a $5000 to $10000 loan to get back in line.? |
| I need a $5000 to $10000 loan fast. I have really poor credit and have been turned down basically from most finacial instituions.... |
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 I have just won the lottery and want to give £1000 to a worthy cause? |
Whoever has the most GENUINE need for the money, I will send a cheque to.
Additional Details
I'm already giving some to charity, but thought I'd give a little away on here too. ... |
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 So I've calculated roughly how much money I've spent on pot since I was about 15 and...? |
20 dollars at about 40 times per year is 800 dollars
for five years its 4,000!!!!
This really add's up, I could of just saved the money and put it torwards a nicer car or tons of ... |
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 How can an 11 year old kid make money? |
| I had a pair of heelys (shoes with weels) but the bearings broke. I want to buy a new pair but i have NO money. they are about $70 ant I want to earn money. How do I do it? How do I do it FAST?... |
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 Just how much credit card debt are you in? |
| i am on a mission to clear all credit debt and revert back to the days when if you wanted something you had to work hard and save up!! If i can do it (so far), anyone can!... |
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 How many of you are really in Debt? |
| I've been reading all these articles about people trying to get out of debt because they can never pay off their credit card balance, people living paycheck to paycheck, or those that doesn'... |
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Alison | I just inherited $7 million dollars? What to do next? |
Can I set up a bank account which only allows me an income of $600 a week. I don't want to spend it all. |
 |
 
Peanut Butter
|
You lucky bee-yotch! If I inherited that money, I would take tonight and let out a great sigh of relief. Boy, I could really use money like that! You are set.
I would talk to a financial advisor and invest, invest, invest! Make the money last for yourself, your kids, their kids, etc. You have been BLESSED!
Congrats. |
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wigginsray
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You'll want to put the money into several banks. FDIC insurance will not cover that amount at one institution.
You really need to hire a financial advisor. |
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woody
|
get a money adviser as soon as poss.
and watch out for all your new friends |
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johnnyBgood
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Hire a personal finance manager |
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justin_roether
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HIRE A FINANCIAL ADVISER!! |
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What, what, what??
 |
Get yourself a personal, professional, and certified--with references--financial advisor. Each state is different and they also know federal regulations, etc. |
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Metre W
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Call a good investment company. I reccommen you call a company like Fidelity Investments. They would be able to assist. |
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zyann0102
 |
Well I could use a little help if you feel like donateing it. I am a mom of two who just had to move back in w/ her parents and we are broke we need help and you could be our angel :) of course I am sure this isin't the answer you are looking for. |
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Heero Yui
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Wow, are you serious. That income takes 3 life times for most upper middle class families to come by. You are very fortunate. In regards to your question, you should speak to a few professionals about how to invest your money accordingly, as the government will surely find a way to strip you of it quickly.
I personally would suggest openning a few businesses to keep you income constant. You can be a multimillionaire for years to come if you invest properly. Most who secure an income of this magnitude throw it away on childhood like fantansies and regret that they every acquired such a gift. So, please, start a business, some thing that people are obviously laking, and that you always thought people could use. If it is decent it will be bought, and if it is interesting they will come.
Some ideas would be a chain of hotels, resort, movie theaters, rental supply stores, rental cars, several already functioning franchises, extreme sports rental supplies, salons, bars, etc.
I am sure you will find something. And, if you are really savy, you can look into some serious stock investing, building a strong portfolio so that when you become of a more financially secure level you can stake your claim at big things, that the most famous people in this country do.
Be smart, there are many ways to hit the mark, yet there are infiniate ways to miss. |
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bemeup
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Congratulations!
If it was me, I'd hire a Certified Financial Planner(CFP), and have them help with your goal setting! Nobody in the world would know about it, as you need to protect yourself from friends coming out of the woodwork! You need protection for your family! You don't need to get robbed! I'd consider my parents' wishes- What would Mother like to see? What would Dad like to see? Please stay confidential! Be sure your taxes are in order! The IRS loves our money! Keep good records! Rich people have 3 favorite words..frugile, frugile, and frugile! If you watch it, you could be very, very wealthy! If you slip up, you could be broke in a few years! Life is like playing a game of Monopoly! Being a millionaire takes a lot of talent! Best of luck to you! |
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ixtar_shaw
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seven million would do wonders in a foreign country like the Philippines because your money is worth 42-50 times the value so i would start by moving somewhere that has that value for the doller and buy like 300 ppl to clean and take care of your shizit and get as many ppl a decent home ( because there is none for them ) as you could do with it and then start a research for cleaner energy ! cause if you got it it don't mean you will be here long enough to keep it! |
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Eagleflyer
|
Gee, I just don't know where to begin commiserating with your problematic situation. While you are ensconced in your hammock at a 5 star hotel in French Polynesia, you might consider why you are asking questions on this website. Slumming it a bit are we? You don't want to spend it all? Well, just avoid those big ticket items like Lear jets and you should be okay. By the way, feel free to send me some of your largess. Please forward your cash, stocks, bonds, and convertible debentures to:
1600 Pennsylvania Ave.
Washington, DC
I thank you. And Dick thanks you too. |
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draconic dog
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yes you could set up a trust fund. or put it into a mutual fund or something like that and let it grow. be sure to pay off the taxes first. |
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AlexD
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invest 6.5 million of it and live off of the interest. |
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jack
 |
My familly was very well off when I was younger, so can I give you advice from experience?
1. 7 million dollars is a lot of money. A lot of people would like to take it from you, if they can. If you are young, inexperienced (as you must be when you are young), and brought up in a nice home (where you are used to being treated fairly) you would be a target for these people. They make themselves appear knowledgable and trustworthy to gain your trust. They position themselves in places where a person like you might go to get advice, or buy something. So that means be very very wary of people like Investment Advisors and Real Estate Agents. I am not saying that there are not honest people, but you need to realise that a lot of people before you have lost their money through being ripped off by plausible 'friends'. Then you have to watch out for the boyfriend or husband (assuming you are female) who wants your help to set up a business, and sends you broke in the process. I hope you dont think I am harping on this but you really need to make sure you are not in the frame of mind where you are leaning on a 'guru'. Despite what these people might tell you, it isnt terribly hard, once you know what you are doing, to manage and maintain the value of your money.
Under no circumstances sign anything that gives control of your affairs (such as paying bills) in any way to another person. You need to educate yourself to be your own expert.
I would suggest 1. You set aside a figure to buy a house, car, furniture, clothes, and accessible money if needed (say 1 million for all of that). 2. If there are genuine close people in your life whos lives would be genuinelly enhanced, give them a one off gift (only give away 1 million more in total). 3. As for the remaining 5 Million, I think you need something secure and simple, So I would diversify the money between say 5 large Banks as interest bearing term deposits in YOUR name only. If you got 6% interest from the 5 milliion that would be $300,000 a year (Over $5000 a week) less tax (Say less $100,000 tax, leaving $200,000). Of this $200,000 it would be important to put aside say 60% of it ($120,000) and deposit that back to a fixed interest deposit each year (ie 60% of your after tax interest income each year) leaving you with $80,000 tax free each year ($1500 a week) to maintain your home, save for new stuff like a car ect. Putting the 60% aside each year is very important, because it would help stop the value of your money eroding with inflation over time - a big trap.
If you did it that way it would be simple for you to set up 5 term deposits (with BIG BANKS) only, in your name. Come tax time you just need to take your interest reciepts to the tax agent to make very simple, non bamboozling calculations. They will try and tell you there are far better ways of doing it - but dont get taken in. |
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clark6561
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Put it in the bank and live off the interest will be way more than $600 a week |
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Terrence B Knows
 |
yeah so you pay just over 3 million in taxes
so you can invest the rest to have an income off of it
see an investment banker for advice on that |
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bear_polaroid
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a good trust fund is great my best advice is set it up so you get the interest only but you can tap into the balance if you need to. keep yourself to prcents. find a good balance for it. maybe put 10% into a good investment like an energy company or something else you think might be here for a long time. next take another 20% and put it in a fund that turns into a trust fund for your children. now the next is find out how much a month you will make with your bank and live or budget on that. try to never touch the balance unless something serious happens. oh and set up a life insurance and medical with the interest you get from the balance per month you can never have to much now and keep that in your budget. I have other suggestions but most of that depends on how and what you want to do with your living. |
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connorkrocks
 |
go crazy thats want i do with my money |
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goodfella
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put it in the bank safe it when you need it. |
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az_starshine1
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if this is the case, set up a trust that will do about the same thing. |
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LT
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that is a boatload of money, nice. sorry if you lost a relative. invest it in a bank account and have it grow. also use some of it in the stock market. if you have kids set some aside for college. if you have had a dream (like having your own business) now is the time to start that. good luck. |
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John G
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That is a lots of money. You are very smart to want to limit the amount you can access each week. As AZ_Starshine said you can and should put it in a trust, if it is not already in one. However there is a lot to think about when setting up a trust and laws differ from place to place. You also want to think about getting your money working for you. You will need a lawyer, and accountant, and more then one investment specialist. You will want to interview several people and firms for each of these roles. It can be hard to tell an honest one from one that is not honest, and honesty is not enough. You need to make sure they have good track records. Also you need to diversify your accounts. Do not put all you money into one bank, or with one investment firm. Make sure that the people you work with understand what you want. My guess is that you are more interested in security then growing your money. With $7,000,000 you can easily set something up where you could draw far more then $600 a week and never touch the principle. In fact if you put 2 million in interest bearing accounts that earn 3% or more you can take out $1000 per week and the money will still grow. That leaves you with 5 million to invest. Always spread your investments out and try for a balanced approach. With a little reasurch and some time looking in to the people you will work with you can st things up so that your money will grow smoothly with little input from you. One of the best pieces of advice I can give you is not to change your lifestyle to much in the beginning. There will be lots of temptations for things to do with you money. If you can resist them and let your money grow you will be able to live a very comfortable life and do all the things you want to do. You also need to be prepared for lots of people trying to get you to give them money. Do not do it, no matter what. If you want to do good with your money you can always set aside an amount each year to donate to worthy causes. With a good investment strategy and keeping your lifestyle simple you can probable donate $50K-$100K a year and still have your money grow. |
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Amrou
|
You could but the $7 million in the bank, and you'd earn so much interest that you could live from the interest alone.
If you do become tempted to spend it on expensive junk, ask your self this. Will buying this really improve my life?
Remember this! Power corrupts. Absolute power corrupts absolutely.
Many people think having $7 mill would be the best thing that could ever happen. But in reality it's a burden that many people are not prepared to have. |
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guitarist2413
 |
thank god is what you do! lol
just be responsable... that what you do, invest some.. you can easily turn 3 million of it into hundreds of millions with some risky investments |
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Zach D
 |
Besides sending it to me? Well, i dont know, i guess you could ask the bank, but i dont know if they can tell you what you can and cant take out of your own account. |
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Hi
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Loan me 20,000.00 |
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Frank Castle
|
Hire a Swiss Private Banker. |
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Ziekerz
|
Give some to me. |
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awul
|
invest a lot in property in growing areras like logan/beaudessert
and rent it out
that will provid u with a steady income .....
oh and play world of warcraft u can afford it lol |
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sheila p
|
give me some |
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