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Re: What would you do if you won a few million dollars
[Re: Jason Carroll]
#3255826
11/03/20 04:17 PM
11/03/20 04:17 PM
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Joined: Jan 2005
Posts: 33,437
Your mom’s house
doekiller
Freak of Nature
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Freak of Nature
Joined: Jan 2005
Posts: 33,437
Your mom’s house
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I'd buy land with half, and live off the interest of the other half. Let’s say a few means $3million. Your going to pay 45% of that to the state and federal government in taxes. So, you have around $1.6 left after taxes. You spend half of that on property, then you are going to have to be a pretty aggressive investor to live off the interest and not touch the principal.
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