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- Dec 19, 2015
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Squander or Invest?
The most important and first thing I would do, is to buy decent house in countryside for the parents and ensure they don't have to work ever again + get them the best healthcare money can buy till the rest of their lives.
Estimated cost ~ 5-10 mills
Once that is sorted, I would buy couple properties for rent out in areas where is huge demand and where prices of properties are constantly rising so that I can sell them for more later on. I would aim to get $10-15k per month from rent, therefore I would put rent as low as possible to ensure they are rented all the time.
Estimated cost ~ 30-40 mills
Get myself some fancy property, maybe Upper East Side and something in LA. House in LA and apartment in NY.
Estimated cost ~ 20-30 mills
Miscellaneous costs - Never been into cars or anything like that, in fact I don't even got a driving license. Good PC rig, good telly, full fridge and pretty much I am sorted.
First large spending for house equipment and stuff would be around 2-3 mills
Monthly spendings for bills, food and so on up to $3-5k a month. +2/4k if I desire to travel, visit cousins or friends for weddings and so on. UFC VIP experiences, all big fights cage side.
Taking to consideration all options, I would still have at least $15 mills laying around and of course properties which I can sell later on. And live of the rented properties.
My plan for $100 mills.
Whats yours?
The most important and first thing I would do, is to buy decent house in countryside for the parents and ensure they don't have to work ever again + get them the best healthcare money can buy till the rest of their lives.
Estimated cost ~ 5-10 mills
Once that is sorted, I would buy couple properties for rent out in areas where is huge demand and where prices of properties are constantly rising so that I can sell them for more later on. I would aim to get $10-15k per month from rent, therefore I would put rent as low as possible to ensure they are rented all the time.
Estimated cost ~ 30-40 mills
Get myself some fancy property, maybe Upper East Side and something in LA. House in LA and apartment in NY.
Estimated cost ~ 20-30 mills
Miscellaneous costs - Never been into cars or anything like that, in fact I don't even got a driving license. Good PC rig, good telly, full fridge and pretty much I am sorted.
First large spending for house equipment and stuff would be around 2-3 mills
Monthly spendings for bills, food and so on up to $3-5k a month. +2/4k if I desire to travel, visit cousins or friends for weddings and so on. UFC VIP experiences, all big fights cage side.
Taking to consideration all options, I would still have at least $15 mills laying around and of course properties which I can sell later on. And live of the rented properties.
My plan for $100 mills.
Whats yours?
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