Scenario: Winnings in upper 9 digits.

Reply #10

Loops — Sat, 27 Dec 2003 21:27:50 GMT

Something else to think abo

Reply #9

Rebeckah — Sat, 27 Dec 2003 20:24:09 GMT

Prob the quickest way is to buy coins find yourself a big smelting pot to boil them into a liquid. ar ar he said he had lots of ?? so, I thought that might be helpful?... if not to him than maybe someone else who'll hopefully win big someday? As far as I know any bank will let you deposit the check and once it's verified, or *cleared* then you can make withdrawls against it. Sometimes *funds are not available for immediate withdrawl*. But, you can have all the monies in your account withdrawn... [ More ]

Reply #8

RJOh — Fri, 26 Dec 2003 17:54:26 GMT

I've never turned a big check into liquid cash, but I've deposited a few and I've written a few when ever I've bought a new vehicle or some farmland at an auction and nobody ever asked what do I do with this? . I assumed they took it to a local bank because they always ask if you want cash or do you wish to make a deposit

Reply #7

four4me — Fri, 26 Dec 2003 17:17:56 GMT

rebeckah I think we both missed the jist of the QuestionJinzoningen asks What's the QUICKEST way to turn a 9-digit check into liquid cash.I take this to mean that this person wishes to have the check cashed and put the money into a large container.

Reply #6

Rebeckah — Fri, 26 Dec 2003 16:02:50 GMT

Post 3 in a series... If I have one piece of advice to give other instant millionaires, Wilson adds, it is this: Try to stay calm. Allow yourself a short stint of craziness and then just settle down. Put a good financial plan in place. The 51-year-old's own money is safely invested. He plans on retiring early but, yes, he is still working. If he has one regret it is that he rushed into building his retirement home. Another couple of rooms would have been nice, he says with the wisdom of hind... [ More ]

Reply #5

Rebeckah — Fri, 26 Dec 2003 16:02:12 GMT

post 2 in series...In his 14 years as a financial advisor, Wissenz has witnessed many horror stories of people suddenly coming into wealth: One woman got a divorce settlement of $1.1 million. She loved to travel but didn't want to travel alone, so she took her friends, first class. She went through a series of expensive boyfriends, had multiple residences and ended up marrying the lead singer of a mariachi band in Mexico. You can imagine what happened next. After that divorce, she went into pan... [ More ]

Reply #4

Rebeckah — Fri, 26 Dec 2003 16:01:02 GMT

Here's an article on what to do after you win:http://www.note.com/note/pp/jackpot.htmlhttp://www.mmcinstitute.com/media.htmlalso has some that might interest youAnd here's another article I got off the web. It's from 2000 taken off the web so I can no longer link to it. But this is from my notes: It's long so I'll break it up into many posts.WHAT TO DO WHEN YOU WIN.............Sudden wealthSure, it's a long shot, but you could come into a major windfall. A smart investment...an inheritance...t... [ More ]

Reply #3

four4me — Fri, 26 Dec 2003 01:30:09 GMT

Seriously if I had a 9 digit check to cash I would call my lawyer go to the bank set up a trust for my family members. Deposit some in a Swiss bank. Disperse some to various banks around the USA. get a good stock portfolio. And some life and health insurance for myself and family members clear up any debts I owe. Donate some to the church and the disabled vets organization. Of course there are ways to set up accounts so you could live off the interest if that's what you want to do. Put my most v... [ More ]

Reply #2

JINZONINGEN 73 — Thu, 25 Dec 2003 23:22:44 GMT

Ok, I'm new to the board, but I'm guessing you're poking fun at other posters by plopping down suggestions they give out lol.But I'm serious. If you think I'm just a dreamer asking a theoretical question, then realize I'm actually asking this for a reason.Needless to say, you're smart enough to know any more details would be insanity on my part. ;)Now regarding what someone said in anothe post (Bug something) of simply buying up bonds from the gov't and living off interest. Is this a feasible wa... [ More ]

Reply #1

four4me — Thu, 25 Dec 2003 18:00:45 GMT

You take the check to a federal reserve bank. Transfer as much as you like into a Swiss account. Set up a trust if you have family. The bank of your choice will disburse as much money to any institution as you like (charity tax rite off). Any additional money to be deposited you can have account sets up in any part of the world. Hire an accountant. Buy some stock. Open twenty $1.00 stores. Buy a good briefcase and put as much cash in it will hold. Put a safe in your new million dollar home. Sit

Scenario: Winnings in upper 9 digits.

JINZONINGEN 73 — Thu, 25 Dec 2003 12:47:40 GMT

Now... how the HECK do you cash that?You'll find a bank who'll open a special account for you... but once you get some advisors organized, what then? Won't you be pummeled with withdrawal charges and such when trying to break it all up into different banks?Should you even deal with advisors?What's the QUICKEST way to turn a 9-digit check into liquid cash to even begin your quest of securing it all? Questions, questions...