Assuming 6 million after taxes, I’d immediately pay all my debts and then set myself up with interest bearing instruments giving me $100k income per year.
After that I’d just chill and start traveling, looking for something to get involved in.
this post was submitted on 10 Jul 2024
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Oh since that’s billion, not million, I’d do all the above except the annual income would be $1m and then I’d be looking for investments to make.
Investments, trust funds, paying off debt and my mortgage. Set up enough in investments that I'll always have a million or so in post-tax interest income.
Trust funds and investments for my family so they have money coming in.
Remodel my house.
Rent a condo in Wrigleyville during the Cubs season. Rent a condo in Mesa during spring training.
Open a bar or two.
Hire a dietician/personal cook.
Buy a handful of cars, the most extravagant would probably be a Catterham.
Open an automotive shop to restore cars. I know that'll be a loss but it will be a good hobby for something I like to do.
Travel a bunch. Follow the Cubs for a season and go to every game.
Buy dual citizenship somewhere.
Donate to AOCs campaign.
Club 33 membership.
Occasionally take private jets when I fly, but pick up families that are flying coach when I go and bring them along for free. It's no fun being alone.
Do a bunch of the traditional billionaire things like go fishing on a private yacht.
Finally not stress about going out to dinner.
Investments, trust funds, paying off debt and my mortgage. Set up enough in investments that I'll always have a million or so in post-tax interest income.
Conservatively, well call this 5% locked up
Trust funds and investments for my family so they have money coming in.
Not sure how big your family is, or how much you want to have them coming in, but well call this +5%
10% spent
Remodel my house. +0.1%
Rent a condo in Wrigleyville during the Cubs season. Rent a condo in Mesa during spring training. +0.01%
Open a bar or two. +0.1%
Hire a dietician/personal cook. +0.01%
Buy a handful of cars, the most extravagant would probably be a Catterham. +0.01%
Open an automotive shop to restore cars. I know that'll be a loss but it will be a good hobby for something I like to do. +0.1%
Travel a bunch. Follow the Cubs for a season and go to every game. +0.01%
Buy dual citizenship somewhere. +0.01%
Donate to AOCs campaign. +0.1%
Club 33 membership. +0.01%
Occasionally take private jets when I fly, but pick up families that are flying coach when I go and bring them along for free. It's no fun being alone. +0.01%
Do a bunch of the traditional billionaire things like go fishing on a private yacht. +0.1%
Finally not stress about going out to dinner. +0.001%
Now were to a whopping 10.571% "spent" with most of it invested in ways that will pay back entirely in your lifetime. What do you do with the other 4.5B?
Maybe buy a few companies I really hate and just shut them down?
Produce a few films. Hire someone to rewrite and rework the script I have for a short. The premise is good, my writing sucks.
Maybe start a studio, I've always loved the film industry.
Get a pilots license.
Buy a summer house on a lake with a dock.
Get a Grumman Mallard or similar.
Use it as a flying RV and go camping all over.
Build really cool Halloween setups each year.
Hand out full size candy bars.
Get a hair transplant or something.
Maybe buy a few companies I really hate and just shut them down?
This might actually put a dent in the €5B :D all of the rest you listed is probably another 5% max.
€5B is an unfathomably large number
Yea. It just gets more ridiculous as I start spending it on the cheapest things. There aren't a lot of things I'd want to do other than work for myself on things that I find enjoyable.
So after taxes about $4B?
Take 500 million out for me, start a business and do all the stuff we want to.
If possible: Use the rest for a fund for perpetuity to fund transit all over my city, make the buses free and running every 15 minutes, and pay the drivers and all the other workers a really good wage.
If that's impossible, I guess I have to run for governor, win, and Make Florida Freaky Again! Work for the good of our state. Is billions enough to do it?
I would create a trust for my daughter, an annuity for my wife that includes payments for healthcare, and a separate fund for property tax and home maintenance to ensure my daughter has a residence and doesn't have to settle later in life.
Next, I would through my friend list (it's not big) and pay off mortgages for those that have them, and purchase homes outright for those that don't.
Finally, I would use the remaining funds to buy up and then forgive US medical debts for pennies on the dollar. This last one would probably exhaust the funds, but would have the broadest positive impact on people.
Fund everyone working on medical nanobots. I get down with living to 120 with a good quality of life. Of course, this would go a long way to helping a lot of people with serious issues.
After buying a home in a nice, non-HOA demon neighborhood, probably end up working on a company that makes mid-range phones with a headphone jack, slot for 2 SIM cards and a microSD, and have the system run on a 3rd party Linux OS capable of running APK files and other android apps. I'd definitely wanna have good R&D put into making sure it sandboxes android apps and makes it only allowed to see what's in the sandbox, though, so go*gle cannot see what you do.
That, or just straight up start up my idea for the Open Access Oasis community, where we believe open access to all scholarly articles found on databases like go*gle scholar and other such sites should be free in order to create a brighter tomorrow. Only exceptions to that being things like malware, viruses, worms, Trojans, etcetera, hidden behind a paywall not going open access because most people would just end up damaging their own devices. The idea I had/have for the logo is a playing card of the dual king in a lab coat being hung with an oasis in the background. That, and the card suit being a $, a king of $.
I may keep 1m, that's way more than what I need to live this life and donate the rest to hospitals and education institutions.
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