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Feb 3, 2021 · The government’s January 2021 disclosures in response to an ACLU Freedom of Information Act lawsuit, detailed the extraordinarily high price tag absorbed by taxpayers as a result of the administration’s choice to conduct executions during the worst global pandemic in more than a century.
Jun 18, 2010 · What should you do if you win $50 million? Everyone wants to win Lotto Max's multi-million dollar prize. Here's how not to blow it if you have the winning number.
- Is One Million Dollars Still A Lot of Money?
- Start with The 5 Super Efficient Investments For One Million Dollars
- Creating Some Passive Income Cash Flow
- What Not to Do with One Million Dollars? Buy Stuff!
- So What Have We Learned?
- Tl;Dr – What to Do with A Million Dollars
What would you do with a million dollars? The dream was a lie. Having a million dollars just doesn’t carry the same weight you thought it did when you were a child. If I listen to my Grandma talk at Christmas, a million dollars used to mean an insane amount of money. Then again, salaries were only a few thousand dollars and houses were worth like t...
Step 1 – Pay off BAD debt
If you have high-interest rate debt like credit card debt, you need to pay it off pronto. This is personal finance 101 (although not likely not the first thing you think you would do with a million dollars.) I like to think if you have $1M you have good finance practices. Who knows though, maybe this is an inheritance or lotto prize, and you are coated in debt currently. Pay off the bad stuff before doing any more thinking. Should you pay off every form of debt you have? Not really, but high-...
Step 2 – Make a Plan and Chill
I don’t know how you came upon your $1M but if you are stoked about joining the millionaire club, inexperienced with money, or dreaming about all the things you can buy – STOP! You need to protect your money from yourself more than anything. What is likely the best idea would be to lock it away for 6-months until you can properly calm down and think about your future. Through friends,I have seen inheritances disappear and even worse destroy families. The best way to start is to lock it up. Wa...
Step 3 – Fill up your tax-free accounts & Employer matches
So this is likely the least sexy step of the whole event. It’s no real estate investment or fancy deal. Just fill up your tax-free investment contribution room and your employer 401K match if you have one.Is it exciting? No, it’s related to taxes. Blech. But it’s VERY efficient so it’s a great idea to do! Let me show you some quick numbers: 1. Employer matches are often 50% top-up on 5% of your salary. 1.1. Whatever the amount is, you just made a 50% return year one. AMAZING!! Look at you Mr....
Step 7 – Put some serious money into stocks
When everyone thinks of investing they think of investing in the stock market. There are good reasons for that but for me, the biggest pro to investing in the “market” is that it can be very easy, takes minimal brain power to administer and still gets you amazing returns. You can: 1. Hand over your lump of cash to some fancy mutual funds (who’ll take a cut and do a “meh” job) 2. You can dedicate your life to becoming a stock market expert (which may or may not work out – but will definitely s...
Step 8 – Don’t pay off your mortgage
If you were to ask your parents what to do with your money, I’m sure they would wag their finger and say “pay off your mortgage!” That was the sage advice of their day, but these days it’s a pretty lazy, fearful, and unimaginative way to use your money. Not all debt is bad debt. Mortgages are pretty great actually (as I’ve described before). You get a huge loan with a pretty low-interest rate. It may not feel low when you’re paying thousands of dollars a month, but really it is. Think about i...
Step 9 – Real Estate Investing
I am a big fan of real estate. It’s predictable, automatically inflation-adjusted and it was mymain path to early retirement. I have found that my rental houses net me about 11% return per year (8% cash flow) and my super-mortgaged houses are above 20%/yr. Some months are higher and some are lower which creates some interesting situations but overall I count the number as 11%. Something I recently learned though. Crowdfunded real estateis hands-off and returns more than I do on average! You c...
Okay, so some of you know about my financial goalslightning rod dream of sailing the Caribbean with my family. So maybe this is a little self-indulgent. But on your way up to a near-job-free life, you could jump ship and start living like a normal person. You know… Spending your money on outrageously cool stuff. You’ll have a lot of money and stuff...
Having one million dollars is nice but you have to stay smart with your money and keep working for a while because it isn’t quite enough to cover everything in the average life, long term. If you follow our plan though you can be pretty close to “living like a millionaire” though! The department of labor says that the average family spends about $6...
We learned that having one million dollars doesn’t exactly mean what it used to.You can’t just live off a stockpile of money, you have to do something with it and keep working.You should do some smart things like paying bad debt, making plans, improving your job, using your new amazing creditInvest a bunch in the stock market, and some rentals for long-term gains.Jun 14, 2023 · People in the US are dying at higher rates than in other similar high-income countries, and that difference is only growing. That's the key finding of a new study that I published in the journal PLOS ONE. In 2021, more than 892,000 of the 3,456,000 deaths the US experienced, or about 1 in 4, were " excess deaths ."
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A probable case or death is defined by i) meeting clinical criteria AND epidemiologic evidence with no confirmatory laboratory testing performed for COVID-19; or ii) meeting presumptive laboratory evidence AND either clinical criteria OR epidemiologic evidence; or iii) meeting vital records criteria with no confirmatory laboratory testing ...
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Dec 15, 2021 · More than 800,000 Americans have now died from the coronavirus, the highest recorded national death toll from the global pandemic. It comes as the US reached 50 million confirmed cases...
