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If you were really rich, how likely are you to really want to give away what you have? Ask a Question

If you were really rich, how likely are you to really want to give away what you have?
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3 Answers

Give away all - not a chance. Give away some - of course.

I would be very likely to give away whatever I could if I didn't need it.

5 Replies to Chipmonk's answer

Surely you have things you dont need now....have you given it all away already?

Some things I have I cannot even give away. The last time we had a yard sale we placed some items in a box marked "free." When the yard sale was over we still had them. :-)

I have heard a story about a guy who was trying to give away a computer desk and chair. He ran it in the paper and got a few calls but no one came to pick it up. He ended up putting it outside with a cardboard sigh that said "FREE" and no one touched it. Someone talked him into changing the sign to "FOR SALE $25" and the next morning it was gone....I cant say the story is 100% true but it sounds about right!

Likewise I used to charge lawyers $40 per hour for medical research. I thought it was a fair and vcompetitive rate. An expert witness specializing in hospital administration told me he rebilled my work at $225 per hour and told me if I charged more they would consider me as more of a professional so I raised my rate to $100 and people reacted less judgmentally to the higher rate than they did the bargain rate. Naturally I was pleased. The lazy streak in me thought it was great too. I could work half as many hours and earn more than I had been earning at the lower rate.

YOU F#@%%!g CAPITALIST!! LOL

If I were really rich, quite likely. I don't doubt that I could live what I consider to be self-indulgent luxury for about $250K per year.

Although I don't don't believe in giving away money. I decided long ago that if I won a big lottery (100 million or more) that the people I care about wouldn't get money--not directly. Instead, I would set up trusts that paid them about $1K per month for life, then let them will the trusts to their heirs.

With larger amounts and other charities, I would set things up the same way. Trusts keep on giving.

1 Replies to dauguy's answer

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