The very first thing I will do is take $5,000,000 in place it in an investment fund with average risk. I will assume 9% ROI, and 25% for capital gains taxes. Knowing these 2 things will define my monthly income which will exceed $25,000. The calculations are as follows:
100%-25% = 75%
$5,000,000×.09 = $450,000
$450,000 ÷ 12 = $37,500
$37,500×.75 = $28,125 (net)
It would be very hard to spend off the $28,000 that I would receive every month. This money will of course be budgeted as there is no amount that can solve financial recklessness. I will own my residence, so that only needs the normal bills, insurance, and taxes. For my personal sites. I will keep my host? that I currently have. I will have much the same bills that I would have now with a few additional bills. Once FSP Tower is built, I will move to the Penthouse.