Following on from Denise's thread - inheriting$$$$

[violet]

Denise's Holy Cow thread about her dd's boyfriend's Mom's inheritance of 8.5 million got me thinking. So, what would you do if you found yourself in legal possession of a few million dollars?

I would buy each of my kids a house, nothing fancy, but something to give them a good start in life. The average house price in our city is around $400,000, but where we live it's over $850,000 so if I found well located properties a couple of suburbs over from us it would be around $2,000,000 for three houses, including costs. They could be rented out until the kids were ready to leave home, and the money invested in a fund for each of them that they could use to renovate before moving in.

I'd buy each kid a new, ultra-safe, reliable car like dh's fabulous new Subaru Liberty. That would cost something like $160,000 for the three cars. I'd buy myself my first-ever new car, one of the two that I like, and that would cost about $25,000.

I'd put a year's worth of living expenses in the bank. I'd donate 10% to a charity and would try to split up another 10% anonymously between friends who could use a helping hand.

Our current house would finally get a makeover, and some of the "early marriage" furniture could finally be replaced. I'd love a new lawn.

Beyond that, I'm not sure what I'd do!

[lynn]

hmmm......well first I think I'd tithe off that.

Then we'd move to the North GA mountains, buy land and build us a big beautiful house with a wrap around front porch and lots of extras like a jacuzzi tub!

Definitely buy some hunting land for dh and sons to enjoy, complete with 4 wheelers. I'd probably buy quite a bit of land, as it's becoming a rare commodity and like my dh says, when it's all taken, there won't be anymore. So I think that would be a great investment.

New trucks for dh and ods. I'd probably keep my car. It's only a year old and very fuel efficient.

I'd pay off all my parents and sisters bills and set aside for them to live off.

Beyond that, I don't know. It's nice to dream though.

[lynn]

Oh and one more thing.....I'd finance a trip for all of us Home and Hearthers to get together!

[braided-rug]

Wow, that is a good reply Lynn.

Yep, land for me too, re: the previous post.

[lucie]

I would use a big part of my money to start an organization for intellectually handicapped adults. I would hire people to care for them, I would hire people who would offer regular support to the aging parents of these precious angels...

I would organize a beautiful enviroment for them and make sure no one exploits them.

I would also help my close family and give some money to them...

I would also help charities that support young mothers, poor children and old age people.

Hopefully I would have enough money for all that.

[violet]

Yes it depends on the amount, doesn't it lucie? I'm thinking 3 million would be nice to make the family secure, after giving away the 20%. ho ho. I wonder what we'd each do if it did happen, once the shock wore off. There are plenty of people around who could use helping.

If I had millions, and the running costs could be funded somehow, I'd love to start a sort of village for those people like my sister who are classified as disabled, but are still able-bodied. It could be built as a series of detached cottages with a central meeting building. There would be an appropriate ratio of carers to clients, to ensure that medication is taken, and that noone is left sitting alone all day.

At the moment, young people with acquired brain injuries, whether from accidents like my sister, or illness, have nowhere to live apart from home, which limits independence for some, or old-age facilities.