What would you do with $10,000,000

Discussion in 'Community' started by mpw, Jun 9, 2005.

  1. mpw Guest

    Joined:
    Jun 18, 2004
    #1
    Hypothetically

    You inherit ~£5,000,000 (after tax) What would you do?
     
  2. Quartz Extreme macrumors regular

    Quartz Extreme

    Joined:
    Jun 9, 2005
    Location:
    Outside of the box
  3. Doctor Q Administrator

    Doctor Q

    Staff Member

    Joined:
    Sep 19, 2002
    Location:
    Los Angeles
    #3
    I'd spend it all on MacRumors memberships, of course!

    Real answer: invest most to ensure a good future for me and my family, donate a bit to good causes, and use some for a few luxuries, particularly home remodeling and travel. And somewhere in there I might upgrade some computers!
     
  4. mpw thread starter Guest

    Joined:
    Jun 18, 2004
    #4
    You just love Apple stock don't you, I sure you gave the same advice to Stokelee for his £200.
     
  5. Xtremehkr macrumors 68000

    Xtremehkr

    Joined:
    Jul 4, 2004
    #5
    Go into semi retirement. Work on the yard, travel a lot. Restore old motorcycles and cars. All the things I don't have time for now.
     
  6. Mitthrawnuruodo Moderator emeritus

    Mitthrawnuruodo

    Joined:
    Mar 10, 2004
    Location:
    Bergen, Norway
    #6
    Start a small arrogant combined Apple Retailer and Computer Consulting business. Where I could sell Macs and Mac solutions only to those I find worthy of my attention... :p

    Well, I would probably do the above, but without (most) of the arrogance... ;)
     
  7. Abstract macrumors Penryn

    Abstract

    Joined:
    Dec 27, 2002
    Location:
    Location Location Location
    #7
    I'd do the greatest thing a man can do: Donate to MacRumours so that we can all have an ad-free MR experience!! ;) (although PithHelmet works wonders)

    I'd invest it. I wouldn't sell my little 2005 Hyundai Getz hatchback (love the thing.....great mileage and incredibly easy to control and park), although I'd consider buying another car.

    I wouldn't go overboard with the electronics even though I love gadgets. Maybe I'd get a Plasma TV, a new 15" Powerbook, an iPod Mini and Shuffle, some clothes.

    Maybe an island as well. :p But probably not.
     
  8. EJBasile macrumors 65816

    EJBasile

    Joined:
    Apr 20, 2004
    #8
    Save it, donate it, or travel $$$


    I'm suprised you comp people haven't said buy some/a mac
     
  9. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #9
    I sort of like what Jack Whittaker did with his $300 million, by spending it on strippers and hookers. :rolleyes:

    Since I'm starting out with so much less, I'd probably have to invest in a bordello and/or a strip club.

    Of course there is always using the money to start an on-line porn empire.

    Because buying a low-key house, a decent and boring car, and investing the money for a laid back lifestyle is so utterly boring.

    Especially when can burn as bright an hot as a Jack Whittaker clone.

    ---

    Of course the number of people that actually do spend a bunch of new found $s on a party lifestyle (drugs included) is quite high.

    This is usually the amount of money needed to utterly destroy an enemy, by giving them the chance to self-destruct.
     
  10. Josh396 macrumors 65816

    Josh396

    Joined:
    Oct 16, 2004
    Location:
    Peoria/Chicago, IL
    #10
    The first thing I would do is donate about a third of it to different types of charities and such. Then I would probably buy 2 or 3 vacation houses as well as plenty of muscle cars, I love them. The rest I would invest or save up. I also think it would be cool to have my own restaurant too so I'd possibly do that.
     
  11. mcarnes macrumors 68000

    mcarnes

    Joined:
    Mar 14, 2004
    Location:
    USA! USA!
  12. Rod Rod macrumors 68020

    Rod Rod

    Joined:
    Sep 21, 2003
    Location:
    Las Vegas, NV
    #12
    I'd use $1 million for a house: about $500,000 for the house itself, $100,000 to redecorate and renovate, and $400,000 saved for property taxes for the rest of my life.

    I'd put another $1 million into investments - maybe 30% risky and 70% safe.

    With the rest of the $8 million I'd "pay myself" a set salary and have a pretty fixed weekly / monthly / yearly budget for the next 40 years. $200,000/year can buy a very comfortable lifestyle, especially with a paid off home. I guess if / when I have kids their expenses would come out of that.

    Investment income would just be icing on the cake and possibly make for a comfy retirement.

    What would I do the whole time? I don't know, maybe I'd take odd jobs at McDonalds, Burger King, Wal-Mart, a local car wash and so on . . . staying only as long as I want to. I'd want to maintain my humility. As far as dignity goes, if any manager gets unruly I'd give them lip in return. I'm a good worker but I've taken too much crap that I don't deserve from jobs like those and I'd love to return the favor. Managers know they can get away with it because the workers are literally hungry. It's cruel and sadistic on their part. I'd like to give them a little hell. :)

    Other than that I suppose I'd spend my time developing into a better video editor, shooter, writer and all around storyteller.
     
  13. Doctor Q Administrator

    Doctor Q

    Staff Member

    Joined:
    Sep 19, 2002
    Location:
    Los Angeles
    #13
    Maybe we should each donate a portion of our $10,000,000 to Ken Jennings. That might cheer him up after his loss on the latest Jeopardy! tournament.
     
  14. Cooknn macrumors 68020

    Cooknn

    Joined:
    Aug 23, 2003
    Location:
    Fort Myers, FL
    #14
    College for the boys then a big house on a golf course and the Gulf of Mexico with a big boat. I'm thinking Longboat Key... Oh, and a good looking female to cook and clean :D Hmmm. $10M might not get that dream done :eek:
     
  15. notjustjay macrumors 603

    notjustjay

    Joined:
    Sep 19, 2003
    Location:
    Canada, eh?
    #15
    Pay off my student-incurred loans and credit card bills... that ought to just about cover it.

    Seriously, though? I'd invest it in some reasonably risky funds (aiming for a 10-15% rate of return) and probably do very well living on the interest alone.

    Finally buy that Ford Escape Hybrid.

    Pay for a complete site renovation (including real septic tanks and flush toilets) for my favourite summer camp which is forever strapped for cash and would otherwise have to live with smelly outhouses for who knows how much longer. Oh, and get them an industrial dishwasher too, so the campers don't have to do the dishes. Heck, I'll build them a whole new dining hall.

    As for me? Finally get that dual G5 I've always wanted :D
     
  16. mad jew Moderator emeritus

    mad jew

    Joined:
    Apr 3, 2004
    Location:
    Adelaide, Australia
    #16
    I'd try to save it.

    I'd pretend to save it.

    I'd end up wasting it away on Lamborghinis with Mac minis in the dashboard. It's just such a ridiculous amount of money that I reckon I'd almost go through it faster than if it was smaller. If I'd come across only $10,000 I reckon I'd be much more likely to not spend any of it until it was really necessary. But $10,000,000 would be very easy to fritter away...


    ...eventually.
     
  17. Dr. Dastardly macrumors 65816

    Dr. Dastardly

    Joined:
    Jun 26, 2004
    Location:
    I live in a giant bucket!
  18. jsw Moderator emeritus

    jsw

    Joined:
    Mar 16, 2004
    Location:
    Andover, MA
    #18
    Ditto. Endless annual income of ~US$1,000,000 would probably be sufficient for me. ;)

    Edit: and pay a sum to arn to change my rank from Demi-God to "Filthy Rich Bastard".
     
  19. DeSnousa macrumors 68000

    DeSnousa

    Joined:
    Jan 20, 2005
    Location:
    Brisbane, Australia
    #19
    Donate half of it and invest the other half. Plus leave a couple of grand for a nice mac ;)

    Being serious though if i ever encountered that much money i would donate part of it, i dont need that much.
     
  20. Sun Baked macrumors G5

    Sun Baked

    Joined:
    May 19, 2002
    #20
    With your luck, arn would probably tell you that you didn't give him enough for three words so he randomly chose "Filthy Bastard" as your new rank.
     
  21. jsw Moderator emeritus

    jsw

    Joined:
    Mar 16, 2004
    Location:
    Andover, MA
    #21
    Oh well - it'd still be appropriate. ;)
     
  22. jefhatfield Retired

    jefhatfield

    Joined:
    Jul 9, 2000
    #22
    invest some

    home improvements

    finish graduate school

    donate to church related charities

    donate to non church related charities

    but i would pretty much keep the same clothes, shoes, watches, hats, and computers that i have since i am not that interested in material things since i grew up in an area of rich people and they didn't/don't seem to be any happier with lots of stuff

    i would not see the use in a rolls royce(s), patek phillipe watch, 5 karat diamond, 25k annual opera membership, mansion, or expensive wine collection
     
  23. Inspector Lee macrumors 6502a

    Inspector Lee

    Joined:
    Jan 24, 2004
    Location:
    East Lansing, MI
    #23
    Buy a "climber's shack" in Crested Butte, CO and one in the Alps. Spend my leisure exploring the high country and bagging peaks. Then, when the knees and joints start to give a little, open a used bookstore in a hip mountain town and stock it with only the choicest selections.
     
  24. CanadaRAM macrumors G5

    CanadaRAM

    Joined:
    Oct 11, 2004
    Location:
    On the Left Coast - Victoria BC Canada
    #24
    And you could keep on doing it until the last of the money ran out.... :p
     
  25. iSaint macrumors 603

    iSaint

    Joined:
    May 26, 2004
    Location:
    South Mississippi y'all, near the water!
    #25
    1) Payoff my debts
    2) Finish Grad School

    3) Buy my kids a couple of Macs
    3a) Buy me a 15" PB
    3b) Set up a secure wireless network in my home

    4) Invest
    5) Move me and my family and my parents to the Mississippi or Florida Coast
    6) Give a lot away - though my wife would have to stop me because I try to help everyone
     

Share This Page