John Paul Getty,
"If you can count your money they you are not a billionaire."
Think about it. Where would you put a billion?
Gee buy munis, say 100 million.
Buy some Treasuries say 100 million
Buy some Euro bonds say a million.
Buy some Land Say a 100 million.
Okay you are 40% done....
Not by the time you have done that, it has grown already. The person responsible for the 1 bil from Ted turner to the US said after 3 years they have found placement for 160 million in qualified charities. But the original amount has grown beyond that. Furthermore, he doubted that they would ever be able to place it all.
Truth is most people would not know what to do with a million let alone 1000 times that. Usually the thinking goes,
--I would blah blah blah
-- I am bored with blah blah
-- Now what.
You discover your real friends, what you really cherish in life, your morality, your values. For most people they discover how shallow people are who allow money to change who they are. Including themselves. The real challenge is to remain true to yourself.
What would I do? Be responsible with such an awesome amount of money. Go look up Patty Stonsiefer (sp) and ask for help. Perhaps travel around the world with native speakers I can trust and fund the orphanages with food, shelter and education. Build community. Support the nature conservancy.
Point is, if you could earn that much, you have your ducks in a row enough to know that with great wealth comes great responsibility. Personally, I would not want that much. 50 mill would be enough to manage and I could do all I could handle while still enjoying myself.
Cheers.
"If you can count your money they you are not a billionaire."
Think about it. Where would you put a billion?
Gee buy munis, say 100 million.
Buy some Treasuries say 100 million
Buy some Euro bonds say a million.
Buy some Land Say a 100 million.
Okay you are 40% done....
Not by the time you have done that, it has grown already. The person responsible for the 1 bil from Ted turner to the US said after 3 years they have found placement for 160 million in qualified charities. But the original amount has grown beyond that. Furthermore, he doubted that they would ever be able to place it all.Truth is most people would not know what to do with a million let alone 1000 times that. Usually the thinking goes,
--I would blah blah blah
-- I am bored with blah blah
-- Now what.
You discover your real friends, what you really cherish in life, your morality, your values. For most people they discover how shallow people are who allow money to change who they are. Including themselves. The real challenge is to remain true to yourself.
What would I do? Be responsible with such an awesome amount of money. Go look up Patty Stonsiefer (sp) and ask for help. Perhaps travel around the world with native speakers I can trust and fund the orphanages with food, shelter and education. Build community. Support the nature conservancy.
Point is, if you could earn that much, you have your ducks in a row enough to know that with great wealth comes great responsibility. Personally, I would not want that much. 50 mill would be enough to manage and I could do all I could handle while still enjoying myself.
Cheers.