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What I would do is reinvest half in safe investments to maintain independent wealth, then buy property in all the places I love, and build small (750sqft or les
by Maursault 5y ago
What I would do is reinvest half in safe investments to maintain independent wealth, then buy property in all the places I love, and build small (750sqft or less) but decent and interesting, though practical as opposed to luxurious, cottage residences, or just purchase a small but upscale condo if the area is urban. A place in the mountains, a place at the beach, a place in the country, places in my favorite cities and towns. I'd hire local firms (or create them) to for property upkeep and to clean and stock each before I arrive, and for security while I was away. Every place would have it's own vehicle(s) for local transportation. I'd also make certain to install my favorite restaurants within the vicinity of all the locations if they did not exist, which would provide enough residual income to cover the local property taxes, bills and expenses of the various properties. When I felt bored or blue, I'd relocate to a different cottage and settle in to the change of scenery at locations chosen for their excellent views, clean air and peace and quiet. Sometimes I'd invite friends to visit for the weekend (not too many at once, due to limited spacing and capacity) and cover their travel expenses.
- ppg677 5y ago$7.5M euros is a nice sum, but not really enough to do what you suggest IMHO.
- Maursault 5y agoI suspect one could build each location for well under €200K, remember, 750sqft of cottage doesn't cost a lot because it is less materials and less time to build than even a modest single family home (2000sqft). So €3.75M builds 18 locations. I don't see the problem.