I have officially have retired from working. As a way to celebrate my retirement, I bought a yacht. My wife and I will go on long weekend trips with it. When my children got married during this time, I payed for their first car. As my kids purchase their first home I will act as the guarantor. Now, they have children, so I spend a large amount of time helping my boys raise their children. When I am not will my family, I still coach the local rep basketball team because my passion and love for basketball continues. My wife and I still go surfing on the beach outside our house and continue our membership to the country club. Since I am retired, I live off of my superannuation saving, my investment portfolio dividends and social welfare payments. I have a lot of equity. My monthly expenses are contributing to a fund for my grandchildren’s university fees, membership to the country club we belong to, utilities, and charities. Our every day expenses are food, entertainment, and gas. My wife has decided she wants to return to the university to go get a degree in Children’s Psychology at the University of Macquarie. One of our grandchildren has Asperger’s syndrome and she wants to learn how to help him become fully functioning along with helping many other children as well. I still pay for life insurance fees so if something happens to my wife or me our family would receive our money. I would like my children to go and get a job they are interested in. When they are at work, I will take care of the kids. I have paid off all my debts so now I just pay my everyday bills, help pay for my grandchildren’s needs, and other things to improve others lives. I will still live in my beach house in Narrabeen. It is a large home for my children and grandchildren to stay when they visit. It is a nice place to retire and entertain people. My transportation will be my cars to get around to do all of my hobbies and meet family obligations. As a retired person, I do have a lot of money left over. So it has also been a dream of mine to travel the world when I am still able to travel. So I will spend 3 months travelling the world and seeing some of the most spectacular sights the world has to offer. I will take no vacations in Australia, because I live on one of the best beaches the country has to offer. I will have my financial advisor help me distribute my superannuation money and other amounts of money to charities of my wife and my choosing. We will have a little discretionary money in case my wife impulse buys items for the grandkids. If my children or grandchildren fell ill, I would take a share of money from my investment dividends to help pay for their medical bills. Their Health Insurance policy will help pay for their medical bills as well. By the time I die, my net worth is around 1 billion dollars. I make $50 million dollars in interest a year. I will donate a majority of my wealth to several charities such as UNICEF, World Vision, ALSA, ACRF, and Autism Research Centre. After I die, I will have my financial advisor distribute my remaining wealth to my children after they obtain university degrees and are having a successful career.