Comments on: From Cave to Castle?

By: Little House

Little House — Mon, 07 Dec 2009 00:52:55 +0000

@Financial Samurai – I think these brothers will be okay as well. But, yes, how nice to have some long lost wealthy grandmother!

By: Financial Samurai

Financial Samurai — Mon, 07 Dec 2009 00:40:20 +0000

Oh wow! I don’t think they’ll be able to spend $3billion each, even if they TRIED REAL HARD!

Sweet!

By: Susan Tiner

Susan Tiner — Sat, 05 Dec 2009 01:11:59 +0000

I would imagine a large portion of the inheritance will be lost to inheritance taxes, but whatever, I’m sure there will be plenty left!

By: Little House

Little House — Fri, 04 Dec 2009 23:16:43 +0000

@Ellen – I think I would keep my job too. I need to stay busy or I get restless! I love the idea of giving some of it away as well, maybe to a non-profit charity or organization. Thanks for the comment!

By: Little House

Little House — Fri, 04 Dec 2009 23:15:16 +0000

@George – I agree. You’d have to spend some and have some fun! But then take the rest and make some solid financial decisions

By: Money Funk

Money Funk — Fri, 04 Dec 2009 22:38:32 +0000

OMG! They can give me the $ to wisely spend!

They say most lotto winners go into debt within the first 5 years.

You’re right, I don’t think they are going to know how to spend it. But, if grandma was playing it right hopefully there is a clause to release so much per year and not all of it outright. Crazy. Can I have a long lost grandmother like that??? Pleeeeaaaazzeee

By: Ellen

Ellen — Fri, 04 Dec 2009 21:44:51 +0000

I have heard stories about people winning the lottery and spending it all at once. I always say that if I win, I will give away at least half of the winnings and live a normal life, keeping my job and using the rest of the money to travel. It’s hard to imagine having that much money all at once.

By: George@MoneyLounge.net

George@MoneyLounge.net — Fri, 04 Dec 2009 16:49:34 +0000

I read this story this morning as well. My first thought was that they would probably going on a spending spree, and end up in that same cave sooner or later.

I have thought about how I would react if I ever came into that much money. First thing I would do is to pay off some loans (for me and my parents), and I would go back to school to improve my chances of getting my dream job.

Other than that, I’m not stock savvy, I wouldn’t feel comfortable playing the stock market, so I would end up putting the rest in a high yield savings account. I probably would end up buying a couple of ‘fun’ items, like a new t.v. and couch, but my lifestyle would stay pretty much the same.

When you have that much money, you should be able to have some fun with it, you just can’t go crazy with it.