Interestingly, $1mill is enough to endow a chair at a college. so, one answer that I've had is "endow a chair, with the stipulation that I be the first person to take it.
In other words, create a job for myself, and then do it.
That would have unfortunate political ramifications, I'm sure.
Alternatively, by really nice condo, and stick the rest somewhere intelligent...
For the most part, Investing a million dollars, and then paying for health care out of pocket will be more efficient than paying health insurance for all parents.
I agree with you, that the effect it would have on my charity giving would be indirect. I'd buy a house (condo) again, and have more financial flexibility, so my yearly charity giving would go up, but I probably wouldn't give any of the original million directly to charity.
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timeasmymeasure
no subject
Date: 2008-04-28 04:01 am (UTC)In other words, create a job for myself, and then do it.
That would have unfortunate political ramifications, I'm sure.
Alternatively, by really nice condo, and stick the rest somewhere intelligent...
For the most part, Investing a million dollars, and then paying for health care out of pocket will be more efficient than paying health insurance for all parents.
I agree with you, that the effect it would have on my charity giving would be indirect. I'd buy a house (condo) again, and have more financial flexibility, so my yearly charity giving would go up, but I probably wouldn't give any of the original million directly to charity.