9.17.2007

Contingency Plan

I need a contingency plan. By definition, I don't know if there is any unexpected money coming my way, but if there is, I need to be prepared for it. Because of this, I decided that I need to know beforehand what I will do in the event that I get large, unexpected sums of money.

$0-20 - Dinner for Janelle and I
$20-75 - Clothes or shoes
$75-150 - Clothes/shoes and take Janelle out for dinner
$150-300 - European mutual funds
$300-600 - Custom-made contact lenses
$600-1,500 - Upgrade for my computer
$1,500-3,000 - A used car
$3,000-8,000 - Invest in my not-yet-existent inventions
$8,000-25,000 - A new car
$25,000-120,000 - Savings for my education
$120,000-325,000 - A condo/house
$325,000-1,000,000 - Custom built condo/house
$1,000,000-10,000,000 - 50% Charitable causes, 50% to build a eco-friendly home (wind and solar powered eco-home of the future).
$10,000,000-10,000,000,000 - Give most away to charities. Invest the rest except for a house, car, and a fund whose interest I could live off of.

Well, it is a work in progress. I'll probably change some of it around in the next little while. I know that the odds are against me on actually receiving those large, unexpected numbers, but if I'm not prepared with what I want to do with that money, there would be no point in getting it in the first place, right?

1 Comments:

Janelle said...

do you think with 8,000-25,000 we could still go out to dinner?