The answer to that is a little more complicated than you think. First of all, I love all my family and friends. No one is getting a dime. That isn't to be stingy. That's more because I don't want anyone to have to pay taxes on the money. So, if you get an email/phone call from me asking about your personal information, it isn't because I'm trying to steal your identity, it's because I'm having the bank do the research and paying off your debt. From what I understand, debt collectors don't really care who pays the debt, as long as it gets paid. My family and friends become debt free, I get a nice tax write off, and everyone is happy. Clean financial slate anyone?
The next step would be the trust accounts. There would be several, because I have lots of things I want to make sure are taken care of. There would be the account for myself, my daughter, my mother, and then one for each of the houses. I figure there will be at least three, maybe four houses. Why so many houses you ask? There has to be the one on the beach in Newport, CA. I fell in LOVE with the beach there, and regardless of the area being snooty and uppity, I'm there for the sun and the beach and the relaxation. The house in Nappa, near the Culinary Institute of America in Nappa, is mostly temporary and for Sarah while she's attending the school. Although, the one I found that I liked best comes with a winery and vineyard attached. It might become a permanent addition. With a little work, that particular house would pay for itself.
The third house on my list, would be the one in the DFW area. My roots are in California and I love visiting. I don't want to live there full time. The fourth would be the cabin in the woods. Here's the rub, which woods do I want to live in? Do I want to go up into Canada? Somewhere in Colorado perhaps? Maybe the brisk air of Montana? I loved the location of my Aunt's house in Yosemite Valley area so that's an option too. I want a cabin to retreat to when I just want to get away from everything.
Once the houses are taken care of, then starts the business ventures. I have a few friends that have budding business ideas. They want to commit to those businesses, but can't because of what ever reason. With debts paid off and a little venture capital from me, dreams of getting to quit the day job and work at that thing you love would come to fruition. You know who you are. My daughter wants her own restaurant. That's cool, I could do that.
Now, what would I be doing? That is such an easy question to answer. The Newport house and cabin would be relaxation houses. The other two would need some work, but each would have a workshop for me. Sewing machines, embroidery machines, laser cutters, 3D printers, everything that I need to build my costume empire!
BTW - I will be taking applications for models to be my personal dress up people. I LOVE cosplay and making the costumes. But I would look TERRIBLE in most of the costumes that I want to make. There would be a benefit package, travel requirements with all expenses paid while traveling, and other things I probably can't think of right now. There are conventions all over the world and I have to go to most of them. Pack for all kinds of weather.
Lastly, there is the Medieval village in Italy. http://vallepiola.com/
If you haven't heard about this, this is a 13th century village in Italy that's been abandoned since the late 70s. The Italian government has been trying to sell the village to several venture capital groups with the hopes of turning the area into a resort. Luckily, the area is still for sale. Yes, I would purchase it, and yes, I would rebuild the area and turn it into a working village again. Everyone is invited to the grand opening.
If there is any money left over after THAT... Some deserving charities would get large donations and there would be a few other foundations that would get started.
I think that's about all the dreaming I can do for now. I'm sure something else will come up, but I think that works for now. Did I miss something? Have an idea? Let me know.
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