What did failure and going broke teach me?
Here are some of the top few things I learnt.
1. You rarely learn things overnight.Honestly I learnt things over a period of time.I failed 6 years back and today I feel,yes I have learnt a few things.There is no hurry. No exam happening
More from Society
So, as the #MegaMillions jackpot reaches a record $1.6B and #Powerball reaches $620M, here's my advice about how to spend the money in a way that will truly set you, your children and their kids up for life.
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
Ready?
Create a private foundation and give it all away. 1/
Let's stipulate first that lottery winners often have a hard time. Being publicly identified makes you a target for "friends" and "family" who want your money, as well as for non-family grifters and con men. 2/
The stress can be damaging, even deadly, and Uncle Sam takes his huge cut. Plus, having a big pool of disposable income can be irresistible to people not accustomed to managing wealth. https://t.co/fiHsuJyZwz 3/
Meanwhile, the private foundation is as close as we come to Downton Abbey and the landed aristocracy in this country. It's a largely untaxed pot of money that grows significantly over time, and those who control them tend to entrench their own privileges and those of their kin. 4
Here's how it works for a big lotto winner:
1. Win the prize.
2. Announce that you are donating it to the YOUR NAME HERE Family Foundation.
3. Receive massive plaudits in the press. You will be a folk hero for this decision.
4. Appoint only trusted friends/family to board. 5/
Sandbank Danger, A Thread
Controversy Has Been Caused By The Digging Of A Narrow Channel By A Resort On A Sandbank Near K. Hinmafushi.
Hinmafushi Council President Shan Ibrahim Stated To Sun That The Resort, Which Dug The Trench Creating A River On The Sandbank, Did Not Have Ownership Over The Sandbank.
Officials From The Island Of Hinmafushi Had Traveled To The Sandbank To Stop The Process Of Digging The Trench When They Became Aware Of It, Said Shan.
Officials Were Now Redepositing The Sand Removed From The Sandbank.
Controversy Has Been Caused By The Digging Of A Narrow Channel By A Resort On A Sandbank Near K. Hinmafushi.
Hinmafushi Council President Shan Ibrahim Stated To Sun That The Resort, Which Dug The Trench Creating A River On The Sandbank, Did Not Have Ownership Over The Sandbank.
Officials From The Island Of Hinmafushi Had Traveled To The Sandbank To Stop The Process Of Digging The Trench When They Became Aware Of It, Said Shan.
Officials Were Now Redepositing The Sand Removed From The Sandbank.
— Ahmed Aznil (@AhmedAznil) January 21, 2021
