Let's say you got a huge inheritance
>upwards of 20million USD
What would you do first? Assuming you are going to migrate to america. How do you go about doing it.
Invest 10 million into a diversified account that gets a 5 percent return per year / pays dividends and live off of that. Use 5 million to invest in businesses / real estate. Use the other 5 to buy house cover expenses for a long time.
Buy houses to rent out, hire a guy to manage the renting operation so I never need to worry about it or deal with any of the people living there or making sure that the house is up to snuff, retire for life.
Why moscow and london?
Also lets say if I'm going to retire in the states, how do I migrate and which state is good for retirement? I like scenic places compared to cities, but convenience is also a factor to consider. Been considering denver or somewhere in the west.
Assuming i come from east asia
No difference, same as now. Drink beer and travel all around. Mostly warm places.
buy my way into Harvard
(assuming that I'm not at the Ivy League I'm currently at)
hand the rest of the money off to be invested
make connections, walk out with more money after four years, and work to keep doubling that advantage
invest invest invest
Toss 15 milli into the stock market or penny stocks and use the 5 milli as a down payment on a big ass loan, order industrial shit from China or somewhere and just open mad factories, or buy a warehouse and just make a huge manufacturing firm
>1 Mil on House
>1 Mil on Expenses
>18 Mil in Investments that earn, post tax, around 3%
>Work/Volunteer in my now totally free time
>Invest any spare cash into busniesses
Thus i will never have to work again - nor will my children.
Anon, look, no matter how much money you have, you shouldn't want to make it so your kids don't have to work, or they will go through their lives without discipline
A parent can teach discipline, but the realest discipline of all is when your rent is due soon and you're scrambling to pay it
Had I never had to work so I could survive, I would have stopped working a long time ago and just lived on my money, it puts this... fire into you.
That's why people don't stop working when they are billionaires- it's that same discipline that got them to the point of being billionaires