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Originally posted by morphius
But is blowing the money lets say even just a quarter of it the way to go......wouldnt you think about your future and future family?
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A quarter would be $ 14.5 million. Gee, she'd only have 43.5 million bucks left. If she buys a crummy 4 percent bank certificate of deposit with that and sits around by the pool all year she will earn 1.74 million dollars. In the first year. If she reinvests that in the CD she'll earn 1.81 million in the second year. $1.88 M the third year. $1.96 in the 4th . . . .
I guess you're right, she'd be definitely shooting her future down the tubes with that kind of chicken feed.