If you got real rich real quick, what would you do?

riahc3

Senior member
Apr 4, 2014
640
0
0
Title is simple: If you got real rich real quick, what would you do?

First thing I would do is to donate to charity. Not because I want to help anyone, I would want to pay the min taxes possible each year.

Second, play the stock market. I need to invest in something to make sure I have a small-medium river of profit still coming in for that just in case (aka, couch money)

Third, start spending.
 

lxskllr

No Lifer
Nov 30, 2004
57,659
7,893
126
There's a property close by I'd like to own. I'd buy that, and give a life time lease($1 per year) to the ballet company that resides there. I'd then start buying adjoining properties, and put them in an agricultural trust. I'd also get a camel.
 

chin311

Diamond Member
Feb 27, 2003
4,307
3
81
Guess depends how rich. First order of business would be moving out of Florida ASAP
 

brianmanahan

Lifer
Sep 2, 2006
24,300
5,730
136
First thing I would do is to donate to charity. Not because I want to help anyone, I would want to pay the min taxes possible each year.

i never understood this. i can see wanting to donate to charity, but if you are doing it just to save money on taxes, you are still ending up with less money than if you paid taxes.
 

DrPizza

Administrator Elite Member Goat Whisperer
Mar 5, 2001
49,606
166
111
www.slatebrookfarm.com
First thing I would do is to donate to charity. Not because I want to help anyone, I would want to pay the min taxes possible each year.

If you want to pay minimum taxes, then you donate ALL of it to charity. Donating, say, $100,000 to charity does not decrease your tax burden by $100,000. It decreases your taxable income by that amount. The trick is to donate to charities in which they've made you important enough that they throw lavish parties for you and your friends which are disguised as "fund-raisers."

(else donate because you're actually altruistic, which is what I believe of Bill and Melinda Gates & the others who have donated to their charity)
 

IndyColtsFan

Lifer
Sep 22, 2007
33,656
687
126
If I suddenly won $5 million or less, I'd probably work for a few more years and then retire early so I could travel. If I won more than $5 million, I'd quit my job ASAP and enjoy life by traveling, relaxing, and indulging my hobbies and trying new ones.
 

twinrider1

Diamond Member
Sep 28, 2003
4,096
64
91
01. Hire finance team.
02. Pay off debt.
03. Hire medical team.
04. Hire health team (chef/workout coach).
05. Hire personal ball washer.
06. Hire tutors for kids.
07. Pay off friend's debts.
08. Buy new home, excellent quality, but not crazy big.
09. Buy new vehicle, a modern kid hauler.
10. Buy commercial building for wood shop, metal shop, hot rod shop, firing range.
11. Travel, travel, travel. Mostly for the kids; a mix of historic (DC, Boston) and modern (Dubai).
12. Make donations to a mix of charities, some research and some feet-on-the-ground help real people right now types.
 
Last edited:

WilliamM2

Platinum Member
Jun 14, 2012
2,520
553
136
Quit my job.
Buy or build retirement home on Walloon Lake (Michigan).
Indulge a little more in current hobbies.

Other than that, I doubt much would change.
 

chimaxi83

Diamond Member
May 18, 2003
5,649
61
101
I'd buy that hooker selling her virginity.

I'd also buy this site from Anand and fucking fix goddamn Tapatalk participated fucking threads al-goddamn-ready.
 

cabri

Diamond Member
Nov 3, 2012
3,616
1
81
If you want to pay minimum taxes, then you donate ALL of it to charity. Donating, say, $100,000 to charity does not decrease your tax burden by $100,000. It decreases your taxable income by that amount. The trick is to donate to charities in which they've made you important enough that they throw lavish parties for you and your friends which are disguised as "fund-raisers."

(else donate because you're actually altruistic, which is what I believe of Bill and Melinda Gates & the others who have donated to their charity)

Setup a non-profit;
Donate all to the non-profit.
Volunteer at the non-profit
Have the non-profit cover all your expenses.
 

Rakehellion

Lifer
Jan 15, 2013
12,182
35
91
First thing I would do is to donate to charity. Not because I want to help anyone, I would want to pay the min taxes possible each year.

This is why you're not rich. You don't understand how money works.

Second, play the stock market. I need to invest in something to make sure I have a small-medium river of profit still coming in for that just in case (aka, couch money)

This is why you're not rich. You don't understand how money works.

Third, start spending.

This is why you're not rich. You don't understand how money works.
 

gorcorps

aka Brandon
Jul 18, 2004
30,740
452
126
Probably have a heart attack from the shock, so it really doesn't matter.

I'd help my parents out so my dad wouldn't have to do physical labor until he dies
 

Humpy

Diamond Member
Mar 3, 2011
4,463
596
126
I'd go around burning cash in front of homeless people. Buy a heavily polluting company or two in China. Gamble. Invest in the child trafficking business. Cheat on my taxes. Rape. Start a puppy mill. Do a lot of drugs. You know, the usual stuff rich assholes do.
 
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