How much money a year can you make? IF...

Reply #9

Shawnintennesse — Sat, 17 Sep 2005 19:37:37 GMT

Forgot to mention..You dont pay for them. There free because of where your banking.First Tennessee is also First Horizon. So there big time. They have billions of dollars. The bank makes money anyways.Especially if they close an account. $100,000 everytime they close one down... Thats something they dont tell everyone about.

Reply #8

Chewie — Sat, 17 Sep 2005 19:30:44 GMT

That smacks of double diippin' to me. The bank makes money because they control my money. The employees of that bank make money, because they tell me how to spend the money that the bank is making money off of. Hummmm. Me thinks, you're better off with independant investors, or at the least an army of independant auditors. I would have heart burn volunteering to becoming the second Enron. Not that I don't trust bankers. I just think they're in the same category as politicians.... [ More ]

Reply #7

Shawnintennesse — Sat, 17 Sep 2005 19:22:01 GMT

Most big banks. Give you financial advisers. At least in the South.I dont know about anywhere else.

Reply #6

Chewie — Sat, 17 Sep 2005 18:46:22 GMT

You win the money - the banks will come calling. It'll be like that e-loan commercial. They'll every where. Like ticks smelling blood. The hard part will be deciding who will give you the most for the least effort/investment. That's where the Financial Advisers come in. Pre-planning will save you money. Post-planning will cost you money. Use the internet

Reply #5

Shawnintennesse — Sat, 17 Sep 2005 17:41:42 GMT

You can...Theres accounts that do that. Cedars accounts do that. You deposit your money. And all the banks you need have your money..Fully insured....

Reply #4

ryanm — Sat, 17 Sep 2005 17:31:17 GMT

Banks are an option; however, they're only federally insured for up to $100,000. So unless you can build a network of 940 different banks, that's not a smart option.

Reply #3

tatsu15 — Sat, 17 Sep 2005 16:56:37 GMT

Well, I always thought that if you had 94 million, you can just put it in the bank and collect the interest money from that.Correct me if I'm wrong, but let's just say 1,000,000= $2,000 dollars a month in interest. So mulitple that by 94,000,000... that's alot of money a month RIGHT? Isn't that how it work with interest money? And the best part is your principal is still intact forever

Reply #2

Chewie — Sat, 17 Sep 2005 14:46:56 GMT

Not exactly my plan, but along the same real estate lines. The potential problem are: Not renting them all, destruction by the tenants, deadbeats you can't evict, insurance, fire, floods. Not everything is roses. Sometime making money is work.

Reply #1

red0412303609 — Sat, 17 Sep 2005 05:53:16 GMT

if I won that much money I would buy a house in every country in the world-- lets say 74 homes in 74 countries - just a wild guess but that will do--- then I would rent them out- now I rekon I could probably get 15,000 a year rent after all expenses- another wild guess--- so lets say I get 15 k a year x 74 now thats a whopping 1 . 110 million dolars tax frigen free a year--- now theres still 20 odd million left in the bank - I would then visit at least half my homes every year- in other words a... [ More ]

How much money a year can you make? IF...

galdamez — Fri, 16 Sep 2005 23:11:43 GMT

Let's say someone wins the Lottery today, and decides for the lump sump 250/2=125- 25%...roughly getting $94 million... if that person sets up a good team of lawyers, CPA and other, etc. if we can just guess, how much can someone make investing some of that money a year? How much would you invest a year? of course, depends on how much and on what...but let's just freely guess hypothetically. Also, with that money, if you wanna buy a house, let's say California, how much would you spend for your... [ More ]