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What Would You Do With

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Old 06-17-2008, 06:30 PM   #1 (permalink)
Zyxistal
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What Would You Do With

So in talking with my grandparents this last Sunday I heard about an old family friend that they grew up with who just leased part of his ranch for uranium mining. To make a long story short he's making $30 MILLION a MONTH from this for as long as they keep on mining.

So here's the question, if you went from where you are now and started receiving checks for $30M what would you do with it?
In case anyone's wondering, my immediate answer was "pay $10M a month in taxes".
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Old 06-17-2008, 06:47 PM   #2 (permalink)
MSilvia
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Pay off my debts first, then set up low risk investments with a modest yield so I can have my way with the growing mountain of interest and dividends without ever touching the principal.
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Old 06-17-2008, 06:52 PM   #3 (permalink)
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I would everyone on the ST Forum to the Red Sea for a months worth of diving.
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Old 06-17-2008, 06:55 PM   #4 (permalink)
whitworthsa
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I'm with Matt, who wouldn't want to be independently wealthy long after the mining stopped?
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Old 06-17-2008, 07:32 PM   #5 (permalink)
mselizann
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I would
1. pay off all my debt
2. buy 2 condos- 1 in Grand Cayman and 1 at Folly's Beach, SC
3. hubby and I would take all the diving and hospitality courses we could so we could open a dive shop/beach bar and live off that!
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Old 06-17-2008, 07:50 PM   #6 (permalink)
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Be a Dive Bum.
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Old 06-17-2008, 07:56 PM   #7 (permalink)
BuzzF117
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Buy a small Carribean Island and invite everybody down for a party!!!!
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Old 06-17-2008, 08:05 PM   #8 (permalink)
Rileybri
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Buy a small Carribean Island and invite everybody down for a party!!!!

Umm correct me if I am wrong here. but we are talking 30mil. p/m so lets say in one year ya gross 360mil so net 250ish. mil/y after taxes. Can you say tax shelter? Oh ya and a BIG Caribbean island and invite/fly everyone down for a party!
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Old 06-17-2008, 08:22 PM   #9 (permalink)
Beaucoupfishies
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Open up a franchise Scuba Toys location (on the caribbean island)!
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Old 06-17-2008, 08:25 PM   #10 (permalink)
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Open up a franchise Scuba Toys location (on the caribbean island)!
Now you are talking!!
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