Tuesday, March 22, 2011

How to Blow 10 Million Dollars in 10 Years

http://moneyning.com/money-management/how-to-blow-10-million-dollars-in-10-years/?utm_medium=feed

by VERED DELEEUW 

If you’re ever lucky enough to get a 10 million dollars windfall and feel like blowing it all in just a decade so that you end up with nothing, here’s what you should do:


1. Watch others, who have much more than you have, and emulate their lifestyles, trying to prove that you’re “just as good as they are.

2. Do not, under any circumstances, invest the money in a conservative mix of stocks, bonds, real estate, commodities and cash. Instead:

3. Go ahead and buy a huge house. Renovate it to the highest standards.

4. Buy a few vacation properties. Renovate them too.

5. Start a collection of expensive cars. Each car should cost at least $300,000.

6. Buy a few horses. Focus on expensive horses that cost around $200,000.

7. Indulge in $10,000 fur coats.

8. Go on frequent vacations. Stay at $1000-a-night hotels.

9. Snipped.

10. Snipped.

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