To answer the charity question to those resistant to the idea, I bet there are certain tax incentives and advantages that could persuade you.
As to my own ideas, I'd follow the secure investment, trust funds for family and modest luxury route as several have outlined above.
I too would like to help out my friends in their debts, but I wonder if that would create more discord than goodwill. Wouldn't their pride and sense of independance bristle against being "bought"? How could they pay you back? Do they still like you for you or because of the money? At what point does their need for support become mooching or a form of welfare?
It opens up a can of worms if you ask me, so any gifts to friends must be handled extremely delicately and at a level that enables them to return the sentiment equally if not financially.
__________________
Building an artificial intelligence that appreciates Mozart is easy. Building an A.I. that appreciates a theme restaurant is the real challenge - Kit Roebuck - Nine Planets Without Intelligent Life
|