This is part of our weekly Giveaway series.
To see our previous giveaways, and who won them, click above!
If you’ve ever dreamt of having a million dollars, today could be your lucky day :) This opportunity comes courtesy of Kirk Chisholm of Innovative Advisory Group (IAG) who has offered up this gift to us not only to remind us of how money works, but also how to hack your IRA to build even more wealth over time (bet you didn’t see that one coming!).
Here’s the note Kirk sent me, along with details on how to win this bad boy below:
In honor of former presidential candidate Mitt Romney’s ability to create retirement wealth (he has over $100,000,000 in his IRA) I would like to match his $100,000,000 to the lucky recipient of your giveaway. I hope this is not too grandiose, but I’m feeling generous.
This is real money. It is a Zimbabwe Dollar which is no longer in circulation, but was real currency up until April 2009. Hyper-inflation ensued in Zimbabwe, and the largest dollar note printed turned out to be $100 trillion. Not bad, until you consider $100 trillion was about equal to $5 US dollars at the time.
Since then it has been pegged to the US dollar, however, these Zimbabwe dollars are a great gift and reminder of how money works.
And as a coin and currency collector, I can tell you this is correct! Both it being a real note at one time, as well as it being a great gift ;) And as a personal finance blogger, I can also tell you that the Mitt Romney $100,000,000 IRA is/was also true when it first broke news!
Kirk wrote an interesting piece on how that came to be, as well as tips on how others can follow suit: The $100 Million Dollar Mitt Romney IRA – How You Can Use These Strategies to Build One Yourself
You’ll have to tell me how it works out for you, but in the meantime – here’s your shot at taking the lazy way out ;)
Want this $100,000,000 bill?
Tell us what you’d do with this note and why, and one lucky winner will receive it in the mail as soon as this giveaway ends in a week.
We know how to hook your wallet up!
UPDATE: Congrats to Jon for winning! We wish you luck haggling with those Nigerian princes ;)
Big thanks again to Kirk for having some fun with us today. You can find him at his wealth management firm, InnovativeWealth.com, as well as in our Directory of Financial Planners here at Rockstar Finance.
To see who won last week’s giveaway, click here.