Fun Stuff > CHATTER
financial independence
fatty:
See Social Bacon, that's all very idealistic and all, but this is what I would do.
I would take the money and invest it, meaning that money could go from $100 000 to $1 000 000 potentially. With that, you can take a chunk out of the dividends as you go for supporting charities, and still have enough to start up your own charity yourself. If you got involved in charity sponsoring or a program like Kiva, you could loan that money to entrepreneurs in third world countries, thus being able to get greater return. Using the power of the market economy, you could donate millions of dollars instead of thousands.
But does this cramp your style? Because if you invest in shares, you are supporting the industry that keep the rich, rich. Maybe you should beycott the entire market economy and stop buying consumer goods of any sort.
Dissy:
to hell with that.
Give it to me. I will invest it in school, and my special projects
:-D-He means Bombs.
I do not.
:-D-Yes you do.
Maybe...
Social Bacon:
I have no problems with the market economy. I am studying economics, if I disagreed with market economies I'd be failing my courses. But receiving inheritance violates the basic rules of supply and demand on which the economy is founded. I've done nothing the earn the money, I do not deserve it, I do not want it. If someone gets rich through their own hard work then they deserve it. If people get rich because they inherited money and learned how to handle it they don't deserve shit. Investing in shares is not supporting the industry that keeps the rich rich, it's supporting the industry that builds the economy and pays off those willing to take risks. The only real injustice is inheritance.
I am a very idealistic person, people hate me for it.
ViolentDove:
Presumably, by the age of 30 you'll have determined whether or not you can make something of yourself regardless of the huge piles of cash waiting for you, so the huge pile of cash is just gravy, really.
And can't you just give it away if you really don't want it?
est:
But then how would he be able to complain about the massive amount of cash he is inheriting?
Seriously dude, just accept it and give it to a charity/some charities. Or set up a benevolent investment fund that donates a certain amount to charities you care about each year whilst replenishing itself. It's not all that hard to find ways to use the "unwanted" cash altruistically.
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