Thursday, November 19, 2009

Rich Man

There's an old song from the Bare Naked Ladies, titled 'If I Had A Million Dollars'. What would I do with a cool mill? Throughout the song they mention some nonsensical things they would spend their money on, but in the end he would buy the girl's love that happens to be listening to the song. Well, I'm a pretty simple minded guy, so I'm pretty sure I would spend my money wisely, not frivolously. First on the agenda, pay off everything, including my house! Set up a Roth IRA, and buy a brand new set of tires for my truck. Consult a money manager to figure out how to correctly invest a small portion of it. Donate some. And after all that is set up, go back to work. You may think, 'Go back to work'? 'Are you nuts'? There is one 'small' factor we haven't discussed yet. Taxes. After paying taxes first, then proceeding with my plan, it's all spoken for. A million dollars sounds like a lot of money when you're a kid, but to an adult, it may serve a short time as a safety net, but it's really not that much anymore. I don't even know why I'm discussing this subject. I do not have a rich benefactor threatening to shove money in my pockets. It's really a nonissue. Back to the song though. I know it's cruel, but I WOULD buy my wife a real green dress:)

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