_A thought of the day!
The greatest gift of all is giving, it's what's in your heart. Do not forget to tithe or you will loose it all to materlistic things and one day the money will all be gone as in the lottery syndrome. I have been there and done that in my life and do not want to be there again. it's a bad feeling when your a millionaire and two years later your almost broke, believe me.
Depending on how much one invested into the IQD and depending on the rate it comes out at, will dictate what I can do and what I want to do and that could be the greatest difference!
Example and Example only!
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Say one has 10 million IQD and the rate comes in at pre-war for 3.337, that would be $33,370,000.00 US Dollars. You have a tax liability of 15%, which leaves you $28,364,500.00US.
Now put 28 Million in various interest bearing accounts and spend the $364,500.00 on your immediate needs and wait!
28 million sitting in interest bearing accounts will make you at current bank rate of .04 $1,120,000.00 per year, that's $93,333.33 per month and $3,111.11 per day.
Of course I have not figured taxes and tithing out, but the point is, I can live pretty lavishly on $3,111.11 per day income and that's just at current bank interest rates.
A great idea and never touch the Principle!
Just think of what one can do if the interest rates from investing was higher!
Just a word to the Wise Gentle Invester.