Remember Brewster’s Millions? In that movie, Richard Pryor plays Brewster who must spend $30 million in 30 days to inherit $300 million. The rules are that at the end of 30 days, he can have no assets from the money, and he’s only allowed to give 5% to charity and spend 5% gambling. He can tell no one why he is spending the money.
Many of us may daydream about what we would do if we won the lottery, but the hard part of Brewster’s challenge is that he can have no assets. What is not completely clear is if you can buy assets for others, since he does shower his friends with clothing and jewelry. If I had to blow through $30 million in 30 days, there are several ways I would spend it. (Let’s just ignore the fact that $30 million in 1985’s dollars is now the equivalent of $64.5 million in 2012 dollars, according to the U.S. Inflation Calculator.)
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