09-03-2009, 10:46 AM
Sell my property so that I didn't have to manage it any longer. No more riding mowers, push mowers, weed eaters, painting doors and sills, pulling weeds, chasing deer and rabbits out of my garden, shoveling truckloads of mulch and fish compost into the garden to maintain tilth.
Pay off debts and give a lot of money to friends and family who have an apparent need. (In Canada we differentiate between winnings and earnings, so no taxes.) Give money to hospices and local charities.
Buy a condo with a nice view and a pre-paid maintenance plan. Lease a large room or building for about 10 years and build a layout covering something like 500 sq. ft. in HO. To me, anything larger is just more work, both getting there and then trouble shooting and maintaining. Something with 30 -50 car trains would be fine.
I figure that would leave me with at least $100-plus millions, but realistically closer to $200M. That would be invested in several funds, some riskier than others, much of it in land. I would also acquire several revenue properties with renters/lessors...gotta keep the cash coming in.
Make a new will appropriate to the substantial changes to improve specificity and ease of succession to my wife and children.
-Crandell
Pay off debts and give a lot of money to friends and family who have an apparent need. (In Canada we differentiate between winnings and earnings, so no taxes.) Give money to hospices and local charities.
Buy a condo with a nice view and a pre-paid maintenance plan. Lease a large room or building for about 10 years and build a layout covering something like 500 sq. ft. in HO. To me, anything larger is just more work, both getting there and then trouble shooting and maintaining. Something with 30 -50 car trains would be fine.
I figure that would leave me with at least $100-plus millions, but realistically closer to $200M. That would be invested in several funds, some riskier than others, much of it in land. I would also acquire several revenue properties with renters/lessors...gotta keep the cash coming in.
Make a new will appropriate to the substantial changes to improve specificity and ease of succession to my wife and children.
-Crandell