Quote:
Originally Posted by Mithra
There are dozens of cases where people win huge amounts of $$ and end up bankrupt years later.
I suggest you invest it wisely, but honestly it sounds like you are going to lose it all.
70% to the Church is the first step to losing your $$
If you want to give it to the Church, invest it and give a % of the return to the Church.
For example, if you won 10 million and invest it for 25 years at 4% annually you will end up with 26 million.
Which means you can
A. Live comfortably
B. Donate more $$$, if you donate 70% now that is just 7 million. If you donate in 25 years you can give just 50% and leave the church $13 million
Invest long term and donate later, better for the Church and better for you
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This man speaks the truth. Remember you are not rich. A rich person is someone who has demonstrated an ability to handle wealth over the course of many years. You are still the same person, and getting a huge sum of money doesn't make you any more intelligent, happy, successful, or assure you of living a safe and comfortable lifestyle.
Don't give away your money to a church or any charity blindly. Be a critical consumer and make sure your donations are going to worthy causes without a lot of overhead expenses or to inefficient programs.
I give a lot of money to charity, but I always make sure I know what I'm giving to and try to understand who and why I am giving the money.
If you won a settlement over your inability to work and there is any chance of someone coming after you to challenge this claims DO NOT BUY A HARLEY MOTORCYCLE. Some insurance company will hire a private investigator, catch you cruising down the street, and come after your ass for the money, and you may even see jailtime.
