this post was submitted on 19 Jul 2023
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Asklemmy
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I hope I could have it pay out maybe $1 million a year for 1000 years. If not…
I would find a financial advisor how to save and invest properly so my money could make money. I would give a bunch to my parents and sibling so they don’t have to worry. I’d give a bunch to my extended family. I would give a bunch to my friends. I would restart a nonprofit I was a part of. I would build housing and a support system for unhoused people. I’d buy some medical debt on the market to forgive it. I would lobby a few politicians to do some good things. I would travel some.
Billion dollars invested in stocks pays on average 70 million dollars of interests every year and you get to keep the billion. It's basically inifite money. That's how the rich keep getting richer.