What would you do with $100 million?
- Thread starter farmkid
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Haha that's what my Star Trek room would be like, only built to copy the NX01 which is my favourite ship.
I always find it interesting when people say they'd retire or just travel if they get ownership of a massive fortune. If you are blessed with $100M that cash pile BECOMES your new job. Leaving it to others is asking for it to be siphoned away. Stuffing it into a savings account is basically giving your bank a low interest loan in perpetuity. They're going to earn a lot more than the minimus they're giving you.
Look at the lottery winners and pro athletes that squandered fortunes and died destitute.
Look at the lottery winners and pro athletes that squandered fortunes and died destitute.
Yeah. My other thought is that a lot of these posts are good answers to "what would you do with $1-2 million?". Traveling, gifts and starting a nice collection is a fair answer to that. $100 million+ is a whole different ballgame. I think a good way to think of the question is "what would you do if you were suddenly in charge of a $100 million business?".
As for my answer, it's quite simple: I'd buy a seat at the big boys table. A nine figure sum is a good seed/buy-in. You get an actual voice in policy, and you can use that to help *millions* of people. Though, I know a couple of people with roughly that level of wealth, and I can't say it's made them particularly good people. There's a lot of cognitive dissonance. They probably, deep down, think they're still middle-class. Then again, they might view themselves as nobility, above our plebeian concerns. It's hard to say, as you don't exactly have time to broach this kind of subject when you only see them ~ twice a year during their parties.
Anyway, point is maybe my dream is my own damnation. You can't be *that* rich and not have it corrupt you in some way.
As for my answer, it's quite simple: I'd buy a seat at the big boys table. A nine figure sum is a good seed/buy-in. You get an actual voice in policy, and you can use that to help *millions* of people. Though, I know a couple of people with roughly that level of wealth, and I can't say it's made them particularly good people. There's a lot of cognitive dissonance. They probably, deep down, think they're still middle-class. Then again, they might view themselves as nobility, above our plebeian concerns. It's hard to say, as you don't exactly have time to broach this kind of subject when you only see them ~ twice a year during their parties.
Anyway, point is maybe my dream is my own damnation. You can't be *that* rich and not have it corrupt you in some way.
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I'd buy a good property where I live now and build a small but comfortable home with a nice backyard. I'd be close to where I work. I'd secure my retirement, and then I'd secure my family. And I'd secure where I work as well.
Fnd the lotto with the fewest numbers you have guess, that pays normally ir is up passed $100 million, buy a shitload of tickets with possible combinations (excluding ones that have won before) and likely win and make the money back and then some. Repeat the process. One the pot is big enough, move up to games with more numbers you have to guess, with higher payouts.
And then enjoy being rich.
And then enjoy being rich.
Realistically:
Pay off my debt
Buy a decent house in a gated community
Fill it with a few cool collectables (house would have a sub floor that would be dubbed "Nerd Base Alpha")
Pay off debt, Take care of family (give siblings, father, a few close friends lump sums)
Set up Trust funds for my Kids, ensure they can go to school wherever and graduate debt free and not have to work while in school.
Invest some
Build a full scale replica of a Federation Runabout or the Millenium Falcon in my back yard (because I'm rich)
Lots of anonymous donations/acts of kindness to strangers.
Rediculously:
Buy Diamond Select, Start making the Ships you guys really want.
Rent an Aircraft carrier for a year, sail the 7 seas and catapult Lamborghini's off of it.
Make people do stupid things for money, my life would be a never ending episode of Jackass.
Go around acting like a big douche to the point where it gets me assassinated.
Have sex with one woman from every country on the planet.
Pay off my debt
Buy a decent house in a gated community
Fill it with a few cool collectables (house would have a sub floor that would be dubbed "Nerd Base Alpha")
Pay off debt, Take care of family (give siblings, father, a few close friends lump sums)
Set up Trust funds for my Kids, ensure they can go to school wherever and graduate debt free and not have to work while in school.
Invest some
Build a full scale replica of a Federation Runabout or the Millenium Falcon in my back yard (because I'm rich)
Lots of anonymous donations/acts of kindness to strangers.
Rediculously:
Buy Diamond Select, Start making the Ships you guys really want.
Rent an Aircraft carrier for a year, sail the 7 seas and catapult Lamborghini's off of it.
Make people do stupid things for money, my life would be a never ending episode of Jackass.
Go around acting like a big douche to the point where it gets me assassinated.
Have sex with one woman from every country on the planet.
I have highlighted your error of logic -- combinations of numbers that have won previously are no less likely to win again. Another problem is that if you spend $75 million to win a $100 million lottery and win but have to share the jackpot with another winner or winners, you are down at least $25 million.
That's the right answer
If I had Bill Gates money--I'd bring back Energiya Buran
Buy up model companies.
Have all NASCAR molds destroyed.
Buy a 2017 Corvette and move from the sorry state I currently live in
I'd love to bring back some of the old Revell visible V8 Engine molds. There was one really nice kit back in the 80s that had working spark plugs, well lights for the plugs and was snap together with screws and no gluing, but it was a really nice kit. Nice price too at the time and very detailed. It was like putting together a real engine with so many parts. I'd have that brought back to life as I never got one as a kid and the ones you can buy now are crap in comparison.
Eh, still worth a shot. Plus, those other winners, might be people I know that I gave money to once and they used it to become welathy to some degree. ;-)
Pkus, at least in my state's lotto, they post passed winning numbers, so you can see how often, if ever in some combos, repeats happen. Statistically speaking, I'm probably in good shape.
Let's see, what else to do instead with one hundred million dollars...
I'll open my own food production plant and buy out the rights to certain products that are no logner made, so I can make them again -- the public will thank me:
* Planter's P.B. Crisps
* Doritos' Sonic Sour Cream
* Keebler's Cinnamon Crispana chips; dreamy cinnamon and sugar covered chips shaped like Doritos. Remember those?
* Whoopers' Reese peanut butter covered flavor. These were always selling out, meanwhile other flavors sat there.
* Skippy peanut butter flavored Fiddle Faddle.
* And since it tastes good and it's new, that means it will obviously stop being made in a year or two: Cheeto's caramel flavored puffs. They're the same puffs and the cinnamon and sugar ones, only with caramel instead.
Dodgy statistics aside, don't you have to pay income tax of 39.6% on lottery winnings in the US? Again, assume you spend $75 million to win $100 million and are taxed $39.6 million. Your winnings after tax are $60.4 million so you lose $14.6 million.
This is not the case in the UK by the way -- no tax is payable on lottery winnings -- until you die, that is, when your estate is taxed at 40% over a threshold of £325K. So it's best to spend, spend, spend...
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