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  1. #1
    Join Date
    Jun 2005
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    448

    Inherited a fortune. Now what?

    We all know those Nigerian scam emails. Well, lets just say one of them is not a scam, and you receive it, and you do inherit a fortune from a person that has no relatives and has randomly picked you

    In what direction would your life go from that point?
    Have a question?

  2. #2
    Invest, retire, and do whatever I am in the mood for..basically everyday..
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  3. #3
    Join Date
    Aug 2000
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    - Pay my debts.
    - Buy a 'certified' second hand car to replace the one I have now.
    - Buy a 'reasonable' home at a decent price.
    - Invest the rest.

    ... then life goes on as normal - minus taxes.
    Former Webhost... now, just a guy.

  4. #4
    hmmm, where would my life go? The next thing I would do is probably wake up and brush my teeth.
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  5. #5
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    By investment property and become the best landlord ever.

    --Tina
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  6. #6
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    How much is a "fortune"?
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  7. #7
    Quote Originally Posted by AH-Tina
    By investment property and become the best landlord ever.

    --Tina
    I hate to burst your dreams but you are going to have to settle for being the second best
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  8. #8
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    Apr 2003
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    London UK
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    the best landlord is no landlord
    <erno> hm. I've lost a machine.. literally _lost_. it responds to ping, it works completely, I just can't figure out where in my apartment it is.

  9. #9
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    West Michigan, USA
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    Quote Originally Posted by Dave B
    I hate to burst your dreams but you are going to have to settle for being the second best
    Second best is perfect because there's still that goal to reach for...and less stress because people can't say "Hrmm...THIS is the best?!?".

    --Tina
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  10. #10
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    Quote Originally Posted by ALGORYTHM
    the best landlord is no landlord
    Amen to that!
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  11. #11
    Quote Originally Posted by ALGORYTHM
    the best landlord is no landlord
    haha i agree as well

  12. #12
    Join Date
    May 2004
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    Pflugerville, TX
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    Cocaine and hookers. God, what a life!



    Seriously though, I already have plans for funds of that size as is. "Inheriting" it would simply mean I get to bypass meeting with venture capitalists.
    Studio1337___̴ı̴̴̡̡̡ ̡͌l̡̡̡ ̡͌l̡*̡̡ ̴̡ı̴̴̡ ̡̡͡|̲̲̲͡͡͡ ̲▫̲͡ ̲̲̲͡͡π̲̲͡͡ ̲̲͡▫̲̲͡͡ ̲|̡̡̡ ̡ ̴̡ı̴̡̡ ̡͌l̡̡̡̡.__Web Design

  13. #13
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    Jun 2005
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    Quote Originally Posted by Aussie Bob
    How much is a "fortune"?
    Couple of dozen billions
    Have a question?

  14. #14
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    Dec 2002
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    Montreal, Canada
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    Quote Originally Posted by AH-Tina
    By investment property and become the best landlord ever.

    --Tina
    Where would the property be?
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  15. #15
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    Feb 2001
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    Quote Originally Posted by Artashes
    Where would the property be?

    Within 10 miles of my house. The White Lake area in Michigan.

    --Tina
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  16. #16
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    Probably go into real estate with some people I know, I've sat in on a few discussions with friends who are looking to buy a golf course with some partners. I like the fact that you own something physical that is tangible and lets you build equity.

    That's obviously after I buy a nice home myself and pay off a large chunk of it if not all, maybe $300k-$400k?
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  17. #17
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    Montreal, Canada
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    Ah, its a beautiful area. Never been, but have seen pictures of it.
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  18. #18
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    Dec 2003
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    Fairfax, Virginia
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    Quote Originally Posted by Anky
    I like the fact that you own something physical that is tangible and lets you build equity.
    Yep, it's called real property, whereas material things like cars, boats, and airplanes are called personal property, and in most cases depreciate, rather than appreciate. Obviously, there are exceptions, but generally, land and buildings and things are worthy investments, whereas such things as those listed above are not.

  19. #19
    Join Date
    Mar 2005
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    Brighton, MI
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    Quote Originally Posted by AH-Tina
    Within 10 miles of my house. The White Lake area in Michigan.

    --Tina

    that's about where I am from in Howell....go michigan!

  20. #20
    Join Date
    Dec 2000
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    The Woodlands, Tx
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    I'd buy a women's prison, complete with the inmates

  21. #21
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    Oct 2002
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    I would invest in myself... go get a phd, get some full-time coders for my current business, and start another business. Hire people to operate my businesses.

    I would travel a lot in the first 6 months, but I am sure that would get old since I like to work.

    And the dream I have for my family is to have an account where any child in the family can go to college for free. This would go down to cousins and maybe even friends, depending on the amount of money I have to invest.

    Of course, I am guessing the amount of money we are talking about is in the hudreds of millions.
    Windows 10 to Linux and Mac OSX: I'm PARSECs better than you. Eat my dust!!!

  22. #22
    Open a datacenter :-D

  23. #23
    Verify person, and funds first.

    Open Swiss account and have funds transfered.
    Take 4 lump sums of $5M each and place into various annuity accounts.
    Take interest from accounts and place in a "shell corp." list myself as chairman and CEO of corp.
    Have corp. make loan to me interest free, that doesnt have to be repaid.

    Purchase transatlantic hi speed yacht outfitted with state of the art in communication, sat and turbine power via jet drive. Cost $110M

    Build another corp. with the cover based on providing corp and executive security. Really does covert operations the government cant do. privately funded as well and staffed by ex-military special ops.

    Set trust up for kids, each with $10M payable upon completion of college. No schooling $1M payable upon graduation of HS. Usage monitored.

    Setup all to be handed two kids in event of death to both parents. Funds managed and handled by trust.

    Never touch inital money, use interest to build upon. inital funds will outlive grandkids and an empire will be built.

  24. #24
    Join Date
    Jun 2004
    Location
    Bay Area -USA
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    I would try to collect one of the largest portfolio of websites that are all generating income.

    I would then invest into some futures/options and stock.

    I would give 80% of my yearly income to charities that I like such as building churches and maybe even start a couple really nice orphanages.

    Basically, I would try to be one of the most charitable persons on earth because as the saying goes, "He who dies with the most toys, still dies"

    Having a life changing impact on someone's life is a much better investment than having a huge house and a super nice sports car.
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  25. #25
    Join Date
    Sep 2005
    Location
    In canada
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    I would definately open a Hospital providing free services to people of countries that cannot affoard to pay medical bills and the living conditions are poor. Yes i know there wont be any returns but everyone lives for themselves and this would give me an opportunity to fullfill my dream of living for others before i die.

    But than again i am the most unluckiest person alive so never would even dream about such fortune coming my way, heck i have not even won any lottery or any prizes ever. But what i wrote above is my dream.One day hoping even without inheriting such a fortune i would have enough on me to live my dream.

  26. #26
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    Mar 2004
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    USA
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    Beside buying Inet, I would go about creating my "dream" company (google style).

    Peace,
    Testing 1.. Testing 1..2.. Testing 1..2..3...

  27. #27
    Join Date
    Aug 2005
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    1,380
    Quote Originally Posted by Milovan
    Couple of dozen billions
    I would invest it all into high yield savings and CD's, and spend the rest of my life a stuck-up, ruthless billionaire businessman who likes to say, "YOU'RE FIRED!"

    Now, if it were only a couple million dollars, I'd buy more stock in Google.

  28. #28
    Join Date
    Mar 2004
    Location
    USA
    Posts
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    Talking

    Quote Originally Posted by ItCom
    Set trust up for kids, each with $10M payable upon completion of college. No schooling $1M payable upon graduation of HS. Usage monitored.
    Kids... huh..

    They have to earn it like I did (), not even a penny..

    Peace,
    Testing 1.. Testing 1..2.. Testing 1..2..3...

  29. #29
    Join Date
    Nov 2002
    Location
    Under the sea
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    If it was a few billion, probably go build under privledged people some house, shelters. Invest, help the hurricane relief/other storm relief around the world.

    And, party everyday. Not to mention I would go buy a Diablo, Viper, Chopper, 67 Mustang GT 500E

  30. #30
    Join Date
    Jan 2002
    Location
    Ohio
    Posts
    3,139
    Heres what I'd do...

    1. Pay off all debts (of course).
    2. Legally change my last name.
    3. Buy another vehicle.
    4. Purchase a large quanitity of land outside of the city (70+ acres uncleared or cleared) and sit on it.
    5. Purchase additional land outside the city/suburbs (5 acres uncleared).
    5a. Clear some of the 5 acres (I could do this myself if I rent the machines) for a yard and driveway. Enough space between trees & house so if a tree falls, it wont hit the proposed house.
    5b. Have a modest house built. 4br, 4ba 2 story w/ partial finished attic.
    6. Bank the cash in multiple accounts. for specific "purposes". (recreation, home improvments, emergicies, etc).
    7. Live my usual life on the interest and start in on my business idea.

    I could get away with all this for under 2 million and still leave me some cash to enjoy the cash modestly.

    Now suppose if this would be the lottery, it'd be done a little differently. VERY few people that I trust would know (2 people - yes, I only trust 2 people) about the winnings. I'd keep working until EVERYTHING is worked out, then I'd go on my own with a business idea I have. Of course, before any of the above gets put into motion, I'd help out where its due.

  31. #31
    Join Date
    Nov 2002
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    paradise
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    I would move to Nigeria and set up a data center.

    Next I would announce to the world about how truthful and honest these Nigerian scammers are.

    Then the whole world will be lapping up all the scam emails hoping to strike a fortune like I did.

    And I would scam the whole world and make more billions.


  32. #32
    Join Date
    Feb 2001
    Location
    West Michigan, USA
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    Quote Originally Posted by RajanUrs
    I would move to Nigeria and set up a data center.

    Next I would announce to the world about how truthful and honest these Nigerian scammers are.

    Then the whole world will be lapping up all the scam emails hoping to strike a fortune like I did.

    And I would scam the whole world and make more billions.

    How would you make your billions? I didn't follow the logic.

    --Tina
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  33. #33
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    Quote Originally Posted by AvailNetworks
    that's about where I am from in Howell....go michigan!

    Well, I meant Montague/Whitehall, Michigan...which makes up what is called the "White Lake area". Its no where near White Lake, Michigan the city.

    --Tina
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  34. #34
    I would retire and spend my entire days posting on WHT.
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  35. #35
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    Feb 2001
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    West Michigan, USA
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    I would buy iNet and clean up WHT and run it the right way!

    --Tina
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  36. #36
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    Quote Originally Posted by AH-Tina
    I would buy iNet and clean up WHT and run it the right way!
    --Tina
    Other than the mods needing paid bundles for their efforts: I think WHT is run right.
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  37. #37
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    Feb 2001
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    Quote Originally Posted by David
    Other than the mods needing paid bundles for their efforts: I think WHT is run right.

    Excuse me...but I don't recall Premium Members being supplied with their own WHT company Jaguar. T-Shirts? Pffffffft!

    When I run WHT, there will be free beer for everyone and Friday's will be Pirate Hat Day!

    --Tina
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  38. #38
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    I would definatley have to purchase a home with a full basement and build a beautiful datacenter down there. I would take every picture possible throughout the construction, and compile it into one huge how-to that I would then post on WHT. Probably buy the place off of Tina, or at least rent. I can deal with only the second best landlord, and she's local.
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  39. #39
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    Quote Originally Posted by justadollarhostin
    I would definatley have to purchase a home with a full basement and build a beautiful datacenter down there. I would take every picture possible throughout the construction, and compile it into one huge how-to that I would then post on WHT. Probably buy the place off of Tina, or at least rent. I can deal with only the second best landlord, and she's local.

    Man, your rent is going to go up with all that remodling you're gonna do!

    --Tina
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  40. #40
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    Quote Originally Posted by AH-Tina
    Man, your rent is going to go up with all that remodling you're gonna do!

    --Tina
    Would be worth it, you can't put a price on quality. Add in a few $$$ to buy basementdatacenter.com
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