[WackityWhiz]

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10k a year, you are a [censored] cheap, selfish, bastard.

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If you were my kid and gave me 10k a year, Id disown you, thats [censored] insulting.

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This absolutely requires explanation. OP, were you repeatedly abused by your family? Were you sold to work in the salt mines at age 6? Otherwise, Guids quoted for truth.

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$10K was just a number. I didn't give it too much though. I could probably go as high as $20K. The point is, I don't want to give someone enough to where they feel compelled to quit earning their own paycheck, and live off of me. It is solely intended to be cushion money. There is a fine line somewhere. Not sure what it is.$10K-$20K sounds close to it.

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I'm not positive, but I think you can 'gift' someone 10k a year tax-free. That's what I'd probably do, but I wouldn't be so caught up in giving people cash.

I would sit down with my close friends/relatives and see if there is anything that they want. I would probably set aside up to 4-5 million dollars to just buy people things. This way taxes don't come into play (i don't think..)

I would get my parents a really nice house... maybe not pay for allll of it right away, but I would pay for a huge chunk and then take care of the rest later, once my nest egg starts to swell from investing.

Since I'm 21, I would buy a huge party house for me and my friends that has a ton of bedrooms, party rooms, awesome hot tubs, pools, game rooms, the works basically. It would be the ultimate house. I would spend probably 5 million just on an awesome house that will hold huge parties. It would basically have everything that I'd ever want.

I would just be honest with my relatives/buddies about my money. I would tell them to put themselves in my position and realize that I can't just be giving huge amounts of money away / buying everyone houses,cars, whatever.

With that being said, I wouldn't leave any of my friends out to dry. We would go out and party ALL the time and I would pick up all or at least the majority of the ticket wherever we went.

As soon as I got the initial purchases out of the way, I would invest the rest (if it's after taxes there will probably be 20 million or so left).

If I had 20 million earning 5% a year I would be making a million every year with no work. That is enough that I wouldn't have to really dip into the 20 million at all.

Basically my life would be awesome, and I would try to make everyone's life around me awesome as well.