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What would you do if you were given this much money?

T

TreyRandom

Diamond Member
Idea taken from a LiveJournal user, who took it from another LiveJournal user...

What would you do if you were given the following amounts of money (assuming USD)?

$10 - Put it in the computer budget for a future hardware/software purchase.

$100 - Put some more money with it to buy my 2-year-old son a BOV (battery-operated vehicle, one he can ride in and control).

$1,000 - Pay off a chunk of my wife's student loan debt.

$10,000 - Pay off the rest of my wife's student loan debt, and put a large down payment on a minivan (got my second child coming in December!)

$100,000 - Pay off student loan, buy minivan, save $5,000 for emergencies, and use the rest to pay off almost half the mortgage.

$1,000,000 - Pay off student loan and mortgage, buy minivan, save the rest for retirement, and become a teacher (no longer as worried about income).

$100,000,000 - Same as previous, but also give (at least) a million to each family member and close friends. Would purchase a house by the ocean. Would still want to teach, at least part time.
 
I would save away enough to live off of after buying a house, and then anything after that would be given to international charities.
 
$10 - lunch

$100 - dinner with wife

$1,000 - Dual Dell 2001FP's

$10,000 - CostCo shopping spree

$100,000 - payoff debts and car and buy a new car or two

$1,000,000 - buy home, share wealth with real friends and family, invest the rest

$100,000,000 - I'll get back to you 😛
 
$10: put it in my wallet.
$100: put it in my checking account.
$1000: put it in my savings account.
$10000: put it in my savings account.
$100000: downpayment on a house (which is the reason for my savings account)
$1000000: buy a house, furnish it, pay taxes, and put the remainder into a long term savings plan. Maybe get a Dodge Magnum for my mom (her car is wearing out)
$10000000: Pretty much the same as $1000000, but there'd be a game room in the basement with arcade consoles and pinball.
$100000000: Pretty much the same as $10000000, but with a race park
 
Originally posted by: RossMAN
$100,000,000 - I'll get back to you 😛
Click to expand...
Oh c'mon, we know you'd dedicate your life to pissing off Best Buy by using up every single low loss leader in thier stock.

 
$10 - food.
$100 - food and beer
$1000 - close a credit card.
$10,000 - pay off my car.
$100,000- pay off all debts, start investing.
$1,000,000 - all of the above, plus managing the money so I never have to work another day in my life.
$100,000,000 - two thai ladyboys at once.
 
What would you do if you were given the following amounts of money (assuming USD)?

$10 - Goes in the wallet, gone before I know it.

$100 - Goes into the checking account, gone before I know it.

$1,000 - Give it all to my mom to pay off some outstanding debt.

$10,000 - Pay off my mom entirely, buy a couple friends tickets to come visit me, put a couple hundred in checking accounts, the rest to savings.

$100,000 - Clear debts, buy a house (or a down payment and savings for the rest of the payments)

$1,000,000 - Clear debts, buy a nice house, buy a cool car. Would still work, but might consider changing jobs / locations.

$100,000,000 - Same as above, but I would definitely take a job with less hours. Share a lot with the people close to me. Travel a lot. Save/invest most of it.
 
$10 - lunch

$100 - right now? use it to buy Christmas gifts.

$1,000 - same as above.

$10,000 - down payment on a new car, or put it in the bank to save for a rainy day.

$100,000 - grad school.

$1,000,000 - quit my job to go to grad school full-time, and not have to worry about paying rent.

$100,000,000 - I'd launch my plan to get 4 doctorates and live out my days teaching in a quiet, small, liberal college somewhere on the East Coast.

 
Oh yeah. With $100M, I'd take a vacation to Hawaii, hire a camera crew, and film "experiments" of what happens when various items (TV, powered up computer, car...) are thrown into a lava flow. And the video WOULD be on the internet when I'm done.
 
$10 - Booze.
$100 - Good booze.
$1000 - Student loan.
$10000 - Ditto, plus car.
$100000 - Above plus big fat investments.
$1000000 - More investments, nicer car.
$100000000 - Ensure the financial stability of the next few generations of my family, garagefull of imported exotics. 😀

- M4H
 
$10 - lunch

$100 - pocket it towards a LCD monitor purchase

$1,000 - buy me an LCD monitor + vid card

$10,000 - bank it
$100,000 - bank it

$1,000,000 - bank it

$100,000,000 - bank it

Whoever decides to start spending anything above 10k is just being foolish. Think long term; building up interest so you can live out THE REST OF YOUR LIFE AND POSSIBLY SUPPORT YOUR FUTURE GENERATIONS TO COME should be a higher priority than splurging.

Besides, you can just spend the interest every year and let it replenish afterwards. No need to start spending big immediately, wait out a year or 2.
 
Originally posted by: TreyRandom
Idea taken from a LiveJournal user, who took it from another LiveJournal user...

What would you do if you were given the following amounts of money (assuming USD)?

$10 - By a SUBWAY Turkey sandwich and a Listerine Pocketpack.

$100 - Put half in savings, half in the checking account
$1,000 - Half in savings , half pay off credit card debt.

$10,000 - half in savings, quarter into checking , quarter into a trip away for me and the GF
$100,000 - Half in savings ,eighth into retirement fund, eighth into checking, eighth into a 1968 Mustang, Eighth into Property
$1,000,000 - quarter into retirement, quarter into savings, quarter into property, Take the new GF on a trip with the rest. < The old GF turned into a shrew over money.
$100,000,000 - 1 mil each to family and close friends. That leaves 80 mil. Buy serious income property with half. 40 mil left.... 10% into savings..... 10% to charities........10% into serious fishing expeditions.........10% to the old High school and colleges I attended ........... 10% .......PARTY for a few thousand of my "closest" friends!!!!!!......... 25% to attorneys and accountants to keep the gov. at bay.......
The rest 25% into savings......
Click to expand...
 
$10 - Lunch

$100 - Put it towards buying a new PS2

$1,000 - Pay off CC.

$10,000 - All of the above + paying off other CC and buying dual Dell 2001FPs &amp; a 6800 Ultra or a X800 XT PE. And use the leftovers for savings + school.

$100,000 - All of the above + savings and investing

$1,000,000 - All of the above + 2 chicks at the same time. More investing, paying off my car, my parents car and my parents' bills.

$100,000,000 - All of the above + giving money to family members and more investing and such. EDIT: I'd also get Nissan S15 Silvias legalized in the US. I'd also like a garage full of imported exotics.

I probably wouldn't stop working though, but I'd work less or just focus on school. After school.. well, I dunno.

 
$10 - Put some gas in my car
$100 - Blow it at Saki (bar in dc) tonight
$1000 - Buy Christmas presents
$10,000 - Buy Christmas presents. The rest will go into my new savings account that I will open
$100,000 - Buy Christmas presents. Use as the startup capital to open a restaurant with my friend
$1,000,000 - Buy Christmas presents. Buy a new SL500. Start a restaurant with my friend. Buy a house.
$100,000,000 - Buy Christmas presents. Buy a new Ferrari 575. Start a restaurant with my friend. Buy a mansion. Buy a yacht. Invest in some property here in Fairfax. Give money to close friends and family. Get attorneys and accountants to handle money and taxes.
 
$10 - Booze
$100 - Lots of booze
$1,000 - Pay off CC
$10,000 - Invest
$100,000 - Start seriously investing
$1,000,000 - Start building a fortune
$100,000,000 - Half would go to continuing my fortune and the other half would go to a yacht(Wally 118😀), a castle Europe, a Gulfstream jet, a private island,a few exotic cars(Aston Martin, Koenigzig, Zonda) a manor on some exotic beach and various houses and apartments around the world. I'd also give lots of money to charities and I'd buy my family and close friends really nice cars.
 
$10- Lunch

$100- Buy an O then sell it for a profit.

$1,000- Buy a top for my mustang

$10,000- ^ and rebuild the motor save the rest

$100,000- Pay off my dads debts, use the rest to buy a house.

$1,000,000- ^ , buy a new car, invest the rest.

$100,000,000- Pay off my dads debts. Buy a car, buy a house for my mother; father; sisters. Pay some of my favorite NHL players to play a game or two of hockey. Save the rest.
 
Originally posted by: SampSon
$100,000,000 - two thai ladyboys at once.
Click to expand...
i assume that covers the cost of all the aids drugs you're going to need for the rest of your life
 
$10 - lotto tickets $40 million 2day
$100 - buy food for Thanksgiving
$1000 - car payment, car insurance, and gas for the month
$10,000 - put in savings account
$100,000 - pay off G35 and take a nice long vacation.
$1,000,000 - quit work, invest and try to live off it for the rest of my life 🙂
$100,000,000 - buy that damn grilled cheese sandwich and run over it with my car, quit work, travel forever, and buy everything i ever wanted for me, my family and friends.
 
Originally posted by: Brackis
I would save away enough to live off of after buying a house, and then anything after that would be given to international charities.
Click to expand...

I would start an International Charity. 😉
 
10 - wallet

100 - wallet maybe take someone out for a nice dinner

1000- bank account pay off debt

10000 - pay off all debt save the rest towards a car

100000 - debt (2K ) car (35K) save toward downpayment

1000000 - house

100000000 - very nice house (5 mill) quit my job , travel to europe and asia and austrailia, share it with people i car about
 
Originally posted by: amoeba
some of you have very high expectations about how far $1 million will go.
Click to expand...

If I got it now (21) and tossed it in high-yield mutual funds or other "safer" investments, it'll go a loooong way.

- M4H
 
Originally posted by: amoeba
some of you have very high expectations about how far $1 million will go.
Click to expand...

The average annual return of the stock market since 1926 is near 12% annually when adjusted for inflation. There will be good years and bad years, but on average, this is what can be reasonably expected. However, you want to stick to mutual funds with a good long-term track record and not depend on the performance of just a few stocks.

Assuming a 4% rate of inflation, you can take out 8% a year (on average) and leave the rest in mutual funds. The 4% you don't touch is to ensure that your million bucks is worth the same amount tomorrow as it is worth today.

8% of a million is $80,000 per year, an income I could easily live with.
 
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