What would you do with $10,000,000

mpw

Guest
Original poster
Jun 18, 2004
6,364
1
Hypothetically

You inherit ~£5,000,000 (after tax) What would you do?
 

Doctor Q

Administrator
Staff member
Sep 19, 2002
36,044
3,259
Los Angeles
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!
 

mpw

Guest
Original poster
Jun 18, 2004
6,364
1
Quartz Extreme said:
Buy lots of Apple stock.
You just love Apple stock don't you, I sure you gave the same advice to Stokelee for his £200.
 

Xtremehkr

macrumors 68000
Jul 4, 2004
1,897
0
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.
 

Mitthrawnuruodo

Moderator emeritus
Mar 10, 2004
13,591
141
Bergen, Norway
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... ;)
 

Abstract

macrumors Penryn
Dec 27, 2002
24,378
110
Location Location Location
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.
 

EJBasile

macrumors 65816
Apr 20, 2004
1,304
2
Save it, donate it, or travel $$$


I'm suprised you comp people haven't said buy some/a mac
 

Sun Baked

macrumors G5
May 19, 2002
14,874
57
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.
 

Josh396

macrumors 65816
Oct 16, 2004
1,128
0
Peoria/Chicago, IL
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.
 

Rod Rod

macrumors 68020
Sep 21, 2003
2,174
2
Las Vegas, NV
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.
 

Doctor Q

Administrator
Staff member
Sep 19, 2002
36,044
3,259
Los Angeles
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.
 

Cooknn

macrumors 68020
Aug 23, 2003
2,111
0
Fort Myers, FL
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:
 

notjustjay

macrumors 603
Sep 19, 2003
6,040
111
Canada, eh?
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
 

mad jew

Moderator emeritus
Apr 3, 2004
32,194
6
Adelaide, Australia
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.
 

jsw

Moderator emeritus
Mar 16, 2004
22,817
37
Andover, MA
notjustjay said:
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.
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".
 

DeSnousa

macrumors 68000
Jan 20, 2005
1,620
0
Brisbane, Australia
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.
 

Sun Baked

macrumors G5
May 19, 2002
14,874
57
jsw said:
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".
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.
 

jsw

Moderator emeritus
Mar 16, 2004
22,817
37
Andover, MA
Sun Baked said:
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.
Oh well - it'd still be appropriate. ;)
 

jefhatfield

Retired
Jul 9, 2000
8,803
0
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
 

Inspector Lee

macrumors 6502a
Jan 24, 2004
590
0
East Lansing, MI
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.
 

CanadaRAM

macrumors G5
Mitthrawnuruodo said:
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... ;)
And you could keep on doing it until the last of the money ran out.... :p
 

iSaint

macrumors 603
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