Will you kill a golden goose for her eggs?

Will you kill a golden goose for her eggs? - A picture of a golden egg.
Singapore
May 19, 2007 10:42am CST
This is not a literal question though you can of course take it as one. :P Let's say you flip open the papers or tune in to the radio and come to the realization that you have struck the lottery. It could be 2 million, 20 million or 200 million dollars. Just imagine it to be a "comfortably" big sum of money. This money has figuratively become your golden goose - something you can milk if you invest right or even just reap interest from if you put it in a fixed deposit. This is practically a golden goose that can lay golden eggs. The question is: Will you kill this golden goose for her eggs? Will you choose to splurge the money so much so that what's left isn't really enough to reap you any regular income? Or will you choose to spend nothing and invest it all? Or will you choose to spend only what you can spare such that what's left is enough to bring you a recurring income? Do share your thoughts. ;-)
44 people like this
97 responses
@Suze05 (480)
• United States
19 May 07
lol.. good question.. I'm againt violence against geese in general, except the maybe the mean ones that chase you and try to bite you . I hate those kind..but I would probably tend to be nice to the goose and spend some of the eggs..have a good time, buy some things I want, pay bills, travel a little, help my family and friends.. but I would put the goose in a nice safe place where she'll make me LOTS and LOTS more eggs and just live off of those. I wouldn't save it all or invest it all.. because you have to have some fun. You have to save for a rainy day and for old age and stuff, but what if you save it all for your old age and then get hit by a bus in a few years and never live to spend your money..that would be sad. I say live now.. !! lol
6 people like this
• Singapore
19 May 07
tsk tsk - You are in the running for best response!
Lol, what an animal lover! JackBravo your fan? You wanna ask him to stop hitting his head on the ground? Doesn't it hurt?
1 person likes this
• United States
19 May 07
he won't stop hitting it on the ground until I find my Golden Goose (which I think I'm really close)
2 people like this
• United States
19 May 07
Hey...I cast my vote that Suze gets "best response"
3 people like this
@nurhoney (1123)
• Philippines
19 May 07
i wont kill the golden goose that gave me richness. i would spend the money i got wisely and put up a business of my own would be a great start as an investment coz you never know when will the golden goose would lay her egg again.
6 people like this
• Philippines
19 May 07
the truth of the matter is, the strike will usually happen only once in a lifetime. it is for our best interest to bear this in mind.
4 people like this
• Singapore
19 May 07
Any business plan in mind already?
3 people like this
@patgalca (18164)
• Orangeville, Ontario
19 May 07
Of course it would depend on the amount. I would not splurge and spend the whole thing. My children will be around long after I am gone and I would hope to leave them with something. So investments will definitely play a factor. First and foremost would be to pay off existing debts (mortgage, line of credit, personal loan) and then swing for a few luxuries. We are down to one vehicle so a new one for the old man would be an absolute. A couple of vacations to my dream spots, and some house renovations would be paramount. I would not sell my house and look for a mansion on loads of land. That would just mean hiring someone to do the upkeep. I love my house and neighbourhood. Unfortunately I cannot exclude family members (siblings and in-laws) from receiving monetary gifts, and I would definitely keep a couple of charities in mind. Then I would self-publish my book and hire someone to do the marketing. Ha!
4 people like this
@patgalca (18164)
• Orangeville, Ontario
19 May 07
Planned out, perhaps, but that golden goose is so very evasive!
2 people like this
• Singapore
19 May 07
Not half bad! You really have anything thought out like what g3n3j0rd said. :P
1 person likes this
@g3n3j0rd (721)
• Philippines
19 May 07
Wow, you've had everything all planned and laid out! That's what I'm going to do once I found my golden goose!
2 people like this
• Philippines
19 May 07
if the sum is too large, a million dollars which i will set aside for some expenses will not hurt. the amount can so much for the family already. then i will see a financial adviser as to how best to deal with the money. banks have them available for their big clients. with the monthly earnings that i can derive from the investment i will surely be able to live comfortably for the rest of my life. and my children, and my children's children will still enjoy the sum as it remained intact throughout the years...
• Singapore
19 May 07
But how far can you really trust "experts" (a.k.a super salesmen)?
2 people like this
• India
19 May 07
Though a great deal of people might reply saying that they will provide careful thought to what they want to do with the money and then spend it carefully, most of them would be thinking of spending it away on luxuries that they had been dreaming about, but had not been able to afford. Many people hardly are willing to postpone enjoyment. If you tell that they can buy the car of their dreams and much more but they will have to wait for a while while their money tree grows, they might not be satisfied. They might not want to delay their gratification. Instant gratification or cutting open the Golden Egg laying hen is the norm. Most do it and only then realize their mistake.
• Singapore
19 May 07
It is quite the battle between instant gratification and delayed gratification.
3 people like this
• Singapore
23 May 07
I will not kill the golden goose because if I kill it then which animal or who will produce golden eggs for me in the future? I will invest a portion of it in business or others so that in case of golden goose is dying or extinction occurs, I am able to live on.
• Singapore
23 May 07
Smart. ;-)
1 person likes this
• United States
20 May 07
No one's killing my golden goose! LOL I'll just let her lay however many eggs she lays at a time and then try to choose wisely as to what to do with each egg. Some for expenses, some for spending, and some for investing. Some people do it with less, so why mess up a good thing if you can avoid it.
• Singapore
20 May 07
Lol :P
1 person likes this
@budsr03 (2350)
• Canada
21 May 07
No i wouldn't kill the goose, but i would wound her severally! I would have a family business and a stash of emergency money and i would truely enjoy giving to some people who could use a helping hand. Speaking for myself, my needs are not more important than someone elses needs! Take care Lordwarwizard.
@budsr03 (2350)
• Canada
21 May 07
She will get the most finest band aid in this world! LOL!
1 person likes this
• Singapore
22 May 07
lol!! :p
• Singapore
21 May 07
Hello my friend, just remember to give her a good bandage if necessary. :P
1 person likes this
@linda345 (2661)
• Canada
20 May 07
I would obviously pay off any debts I have now. I would make the necessary purchases such as a house. Then I would look into an investment plan. Depending on the amount, hopefully, I would be able to live off the interest.
2 people like this
• Singapore
21 May 07
My dream too - the last bit. ;-)
@destroyer (784)
• Pakistan
23 May 07
very interesting discussion wizzy!! if i win a "comfortably" big sum of money, there are a few things that i have been meaning to do but couldnt do cause of shortage of funds! but those expenses are not that high and i think i will deposit the rest of the "comfortably" big sum in some savings or fixed deposit account so i can have a sturdy income! the money is gonna come in real handy on a rainy day!
• Singapore
23 May 07
Well I do hope you get a windfall soon! ;-)
1 person likes this
• United States
20 May 07
I would only pay my bills ahead of time first. Then I would make sure my kids had more clothes. Then I would save the rest until needed for my family. I would never kill the goose. I love life of all living things too much.
2 people like this
• Singapore
20 May 07
;-)
1 person likes this
@Dumpertaker (1187)
20 May 07
If we talk about this literally, you never kill the goose that lays golden eggs, it would be destruction of free income, although come to think of it nothing comes for free and everything has a price. As for something like a lottery win...well, it is very rare that lighening strikes twice in the same place (although there are some that would say that money attracts money...) so it would make good sense to invest at least some of the money. Me personally, depending on how big the win was, I'd invest half and spend half...alfer all, there is no use in having money if you cannot enjoy it.
2 people like this
• Singapore
20 May 07
There are some ridiculous people who strike the first prize more than once..
1 person likes this
@syain1972 (1011)
• Singapore
19 May 07
I am born during the year of the rat. Being a 'rat' person they are supposed to be thrifty. I would open up a few portfolios of structured deposit accouts that can reap me at least 6% interest per year. Other than that, I would also buy a few properties to rent them out for regular income stream. Then, I would consider opting for Government Treasury Bills as this is considered as playing it safe. For this the expected returns are about 3-4%. From the interets earned, I would splurge a little for a holiday or buy something nice for myself. Other than that, I would ensure that I am debt and tax free. This is very important.... I think... I am definitely not one who would go around parading my fortunes as I am a simple and modest person...ahemm.... In my opinion, I'll definitely not kill my golden goose...SIOW!! You'll regret it for life if you do it....:P
2 people like this
• Singapore
19 May 07
We are really quite alike!! Shhh....
@syain1972 (1011)
• Singapore
20 May 07
Shhhh is in go away....or shhhh as in keep quite??!!:P Morning, morning sometimes brain dun work that well!!:P
1 person likes this
@JackBravo (970)
• United States
19 May 07
Well, first you gotta find the golden goose. Check out my profile ;)
2 people like this
• Singapore
19 May 07
You are selling goose online? Do you ship to my country?
2 people like this
• Singapore
20 May 07
Geez I do have paypal. ;-)
1 person likes this
• United States
19 May 07
you know - that is a very good question. As far I can tell from my secretary, we ship anywhere, as there does not seem to be any reason why we can't or shouldn't. I guess the only limiting factor is how you're going to accept the golden egg. Do you have paypal or egold (which i heard is going out of business)?
4 people like this
@magica (3707)
• Bulgaria
19 May 07
Probably i will treat her like sacral animal- with all my respect. And also will be very curious about the her mission here at the Earth. If i show respect, may be she will give me as present one or two of her eggs:-)
2 people like this
• Singapore
20 May 07
HAHAHA!!! What a comical scene it concocted in my mind. :P
@sigma77 (5383)
• United States
19 May 07
I would put about 1/3 in a safe place, like a bank account. That is untouchable. I would invest 1/3 and create an income from that to mainly live off of. Which I can do because I have market trading experience. And maybe use 1/3 to pay off debts, taxes, buy some things, however far it would go. I would not need to spend it all. I already have some plans in this area as to what I will do when my income grows as I hope it will. With a million dollars, I could do pretty much all I want to do in life.
1 person likes this
@sigma77 (5383)
• United States
19 May 07
I am trading stock options. I have had limited success. But I feel like I am making progress and the potential is great with what I want to do. Trading is mostly a mental game and it takes years to become proficient at it. To become consistent, you have to pay your dues. It is not easy to overcome the mental errors.
1 person likes this
• Singapore
19 May 07
Any success? Forex? Bonds? Futures? Stocks? Commodities? ...?
1 person likes this
• Singapore
20 May 07
Did you develop your own methods? Or learned from books? Or seminars? Or are you looking at the fundamentals?
1 person likes this
@yanjiaren (9031)
19 May 07
If I won the lottery or a large sum of money came my way. I would not touch 90% of it that would be re invested to earn for future generations. Ten per cent would be enough to put for a comfy home and to up my family's standard of living. Then from the return on investment I would generate more businesses and jobs so others can work and receive a fair wage. I would also set up a housing co op for those that cannot buy their own house straight away. They would earn shares slowly slowly through their wages, so in a few years they would own their own home without stress and strain. I would set up fair trade coops also to help others in poorer countries get the right money for their product. I would make my money go a long long way. Short term loss equals long term gain.
2 people like this
• Singapore
19 May 07
You have such a fortunate son. :P
• India
19 May 07
Undoubtedly i will not kill the golden goose. I have some plan to invest the money in a right place so that it would give me benefit in future.I will fulfill all my dreams along with the money and keep the goose with utmost care.
2 people like this
• Singapore
20 May 07
Yup, advisable to think long term. :-)
@vokey9472 (1486)
• United States
20 May 07
I would invest some of it, set up trust funds for my child and my neices and nephews. Put the rest in the bank and keep my job. I would still be frugal but I would pay off some debts and try to have a comfortable life. I would want my golden goose to live for a long long time. I have been poor and if this was an opporunity to leave that life behind for good, I would take really good care of my goose.
2 people like this
• Singapore
20 May 07
Yup, you sound like one who knows how to treasure things. ;-)
1 person likes this
@castleghost (1304)
• United States
19 May 07
I would spend part of the money to but items in which I think I need. But I would invest most of the money. That way I could be set for life and to be able to leave my children a wealthy inheirtance. There is no reason to waste the money. One should take the golden chance to better ones circumstances and enrich the future.
2 people like this
• Singapore
20 May 07
Yea, set for life. ;-)