Friday Musings

Trying to avoid tedious paperwork, I've been daydreaming about what I'd do if a pile of money dropped out of the sky. To make the dream worthwhile, I'm thinking the pile should be around $2 Mil.

I wonder what others would do with such a windfall, but I'm pretty sure how I'd allocate it.

The first 10 percent would go to charity. Since the missus and I wouldn't agree on what charities to support, I'm thinking I'd let her give away half of the 10 percent and I'd take care of the other half. My approach would be to identify specific projects to underwrite, definitely for my home church and possibly for my family's churches. I'd invest in remodeling projects or a new organ or generally the music program. I'd help out the priests/pastors, maybe with a vehicle or vacation or something like that. Generally, I'd just look around and see what was needed, then fill the need.

I'd throw a party for family and friends. What might be fun is to book a bunch of rooms at some resort and pay for everybody to get there for a week. I'd have to limit it somewhat, because it would be easy to go overboard with too large a guest list and/or too fancy a resort. But it's a particular priority of mine that I've always hoped to pull off.

Spending on personal stuff would not start with a car. I like my Volvo, and would not be in a hurry to go trade it for something hot and fancy. I would fix the cracked bumper and get it detailed, though.

Instead I'd focus on the home. A decision would need to be made whether to remodel the current homestead or sell it and buy something I like better. I'd have to check out the market to see if there might be my dream house already out there somewhere that would be a better option than the expense of turning my own cracker box into the dream. Again it would have to fit the budget, because I can't let it eat too much of the cash.

The rest gets invested. It could be fun to make it my full time job to find the best possible investments that will earn my living from then on. I'm thinking difersification, everything from real estate to other tangible assets to business ventures, stocks, bonds, etc.

OK. Time to wake up now and get back to real life.