The “Million Dollar Problem”

While we wait to see if the market can gain 200 on the Dow in 2 days left in our ATH window, we are going to have some fun this morning:  One of our subscribers asked, essentially, if someone handed you a million bucks, what would you do with it?

This kind of this is not so rare as you might think and the answer is so far from easy, it will make your head spin.

So after a few headlines, and other such items, we will pretend that we’ve just been handed a million bucks.  The answers may be surprising…

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Comments

The “Million Dollar Problem” — 20 Comments

  1. I wouldn’t want the million dollars .if you’re not happy with what you have then it’ll only bring more stress into your life. and it may kill you.now if you didn’t have any money then some money would be nice to live comfortable.

  2. I see dna site has ancestry for $99 or health and ancestry for $199.
    Which flavor was yours, please, and what value would the health add if you know?

    • don’t know the answer to #2 but we did the $99 kits – and then we will use selfdecode.com once we have the dna data – g

  3. –Set aside enough to pay the tax obligation;

    –Pay off all the bills;

    –Have some refurbishing done on the homestead and environs, including
    the installation of a solar-powered atmospheric water generator and a decent
    catio for the livestock;

    –Refinance to a 15 year mortgage and pay off half the remaining amount due;

    –Up the amount on my husband’s insurance policy, for his and the spouse rider.
    (Why not? That million isn’t going to last forever and whichever one of us survives
    the other is likely going to need all the resources s/he can muster.)

    –If there were enough left and I was in a really paranoid mood, I’d have an
    earthquake/disaster proof “wine cellar” built under the new climate-controlled
    garage.

    Come ON Powerball!

    • Better yet, delay your property taxes after the first person hits 65. In Texas, you can delay the cumulative property taxes until the older one passes away, then use the life insurance policy to pay the past due property taxes. You can use that unspent property tax money now in other ways when you need it. Also, if in time, after one of you passes, you can sell the homestead to pay the property taxes and take the life insurance money and run!

  4. Hi George, I truly enjoyed reading the “Dimensions” preview. Thanks. I can hardly wait for the rest.

    Today’s report was great, and perhaps a followup with more specific things to check out would be helpful too. I do have one rare criticism though:

    Like the SS advisors and financial planners, you tend to think as a married person and state your thoughts initially and primarily for couples. Whether desired or not, most folks in the US are single and not married, and we can’t just find an appropriate spouse overnight. We need to make financial decisions as single people and that changes everything. SS and death planning, in particular, have many ways to optimize if you’re married, and very few choices otherwise.

    Unfortunately, speaking primarily to couples tends to rub failure in the face of those who are not so blessed.

    • I don’t know what you mean about optimizing SS if you’re married. Each married person receives a 25% cut in their monthly income compared to the single option.

  5. I’d start a “not for sale” news channel with my million… crowd sourced news stories, anything with a hint of spin for political results, deleted

  6. One more thing. I was in a conference and Elon Musk was a guest speaker. Someone asked him what he thought of Trump just after he quit the Economic Council after Trump withdrew the US from the Paris Accords. His answer was simple, yet revealing .’He is NOWHERE near the man he says or his followers think he is.”

    Musks verbal emphasis was on the word Nowhere. Nuff said.

    • Ha, ha, ha, what a joke, and musk ain’t even a stand on his own feet kind of man, he’s a con man shiller taking from the have nots.

  7. If you’re a brain-dead, left-wing communist you’ll love this

    BOOM: KKK AND ANTIFA ARRIVING ON SAME BUS TO CHARLOTTESVILLE CONFIRMED
    At first I blew this off as unconfirmed rumor, but it is FINALLY CONFIRMED.

    This is being driven by forces of evil that are beyond what normal people can think about – Representative Louis Gomert, (R-TX)
    August 21, 2017

    In the following clip from Fox News, Rep. Louie Gohmert (R-TX) talks about what happened on August 12 in Charlottesville, placing special emphasis on the fact that demonstrators for the Ku Klux Klan and Black Lives Matter arrived at the event on the same bus.

    He also stresses the need for the appointment of a special counsel to investigate who paid for sending all those different groups to Charlottesville, and who ordered the stand-down of the police.

    from: http://82.221.129.208/

    • First of all Antifa and BLM are not the same. And, if people dressed as Antifa came on the same bus as the
      KKK, then this was a plot by the right to create a false equivalency to what these monsters of the alt right were there to do. Sad…and Al B, you are smarter than this to even bring such crap up.

      • No more comments on this threat unless they relate to today’s Peoplenomics report

  8. Just wanted to see if anyone is worried about the mental health of Trump. I watched the entire speach in Arizona and was dumbfounded at how dumb this man is. It was disturbing. This article breaks it down pretty well. Contrary to Trumps and George’s viewpoints on the author and news organization reporting, it uses the Bafoon in Chiefs actual quotes.

    Donald Trump’s 57 most outrageous quotes from his Arizona speech
    http://www.cnn.com/2017/08/23/politics/donald-trump-arizona/index.html

    • Please Oh Almighty – tell me how to be so dumb as to accrete $1-billion.
      And anyone who quotes the newsporn channel..sheesh Theguy looked perfectly rational to those in the base.
      Wait – what about free speech…want me to quote some Peloso or Debbie Washout? Book of Bernie perhaps?
      ThEY all LIE JON…what part of the definition of politician did you miss?

      • Ha hahahahah. He is NOT a billionaire. I know that for a fact. I have said this many times, but one of my college friends is an executive for a huge developer in New York. Trumps reputation in that industry is horrible. He is incredibly in debt, is still involved in dozens of lawsuits. Very few legitimate financiers will do business with him. That has nothing to do with the media. This is inside info from industry sources. The entire industry knows he is worth well under a $100 million and that is a valuation of his brand and some offshore assets. Remember, he started off with more than that amount when his father passed away. Go to New York and find out for yourself. Ask anyone in NY politics, construction, media, etc. Ask each and everyone of the CEO’s that just quit his Economic council. They know his BS Story and fake net worth.

        He is a con man. Nobody wants anything to do with him.

        This is why he won’t release his tax returns. The real numbers may be worse than we all think. Plain and simple. I laugh at each and every one of you goobers that use his illusion of “Success” as the reason he is smart. Hahaha

      • John, I suspect that’s why he doesn’t want to show his taxes, because it would give an idea of his true wealth.

        I don’t hate Trump but I’ve come to the reality that he’s not going to drain the swamp and will become just another critter that lives in it. That is if he’s allowed to remain POTUSA.

  9. Guard your dna details with your life!

    I’m somewhat distrustful of dna testing firms that promote their tests at loss leader prices. To use your chosen example “23andme” for instance, the founder is a former spouse of a head of Google. Google was an initial venture capital investor in the dna project. I don’t need my dna details accessible to Google.

    There is another dna testing firm with a similar loss leader business model promoted by a genealogy research firm. Again, my interest is diminished because it had been a subsidiary of an entity whose primary mandate was security services.

    • I have the same response to these adds. I imagine a whole DNA catalog/replication project, ready to pin any crime on any target with “irrefutable” dna evidence.