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Put a couple of million in a long term saving account, hide a couple of years living expenses in a shoe box and get rid of the rest of it in other ways your fri
by __alexs 14y ago
Put a couple of million in a long term saving account, hide a couple of years living expenses in a shoe box and get rid of the rest of it in other ways your friends won't notice. Done. Get back to living your life instead of worrying about money.
- adventureful 14y agoYou can never actually stop worrying about money if you have millions. Short of not caring about what happens to it. The FDIC covers $250k per savings account. Is US Government paper safe? I wouldn't bet everything on it. Will the Euro be around in ten years? I wouldn't bet much on it. Could gold crash if the Euro vaporizes and money is forced into the dollar? Are equities at a decade high courtesy of Fed POMO shots and low interest rates chasing capital toward risk? Let's say you want to give most of your wealth away and make a difference through charity. I don't see how you could not worry about that, it's important, and you can lose millions as fast as you can lose a few dollars.
- __alexs 14y agoNo amount of being rich is going to make that stuff not happen. > Short of not caring about what happens to it. How about doing that then?
- wpietri 14y agoYou can actually stop worrying if you want, and you'll probably do better by it. Go read Taleb's "Fooled by Randomness" for the details.