What would you do w/ $5million?

[Ryan]

I was flipping through HBO, and the movie "Blank Check" is on (I know it's an old movie, but what else is on at 4:30 in the morning?). So, it got me thinking, what would you do if a VERY large amount (say - 5 million) of money fell into your hands? What would you buy, etc?

Me - First - I'd give each of my parents 1/2 a mil each. Then, I would go out and buy a Lexus RX300 and an Acura RSX, build myself one kick-ass dual athlon system, pay for college, and buy a house. Then I would just save the rest, maybe start my own computer business

 

[ViperMagic]

Well I'd go buy a island and build a techno-mideval castle. Stone towers and CAT5... hehe

 

[kaiotes]

AHEM, 5 mil won't be enough to buy an island.
that movie is so old.
i'd buy a house, a 30k car, new clothes, new 'friends' lol.
burn the computer
already after 2AM, too sleepy, can't think anymore

 

[doctorWHO]

damn dude, with 4 million to yourself all you would get is an rsx and that lexus??! if it were me id probably buy my parnents a new house and car, and give them enough to retire, then id buy a ferrari 360 spider, some crazy electroincs (massive hdtv, highend stereo etc), a nice computer, and id invest the rest.

 

[rangeLife]

i've always wanted my own island...it's been a lifelong dream (in progress)

 

[Ryan]

That's a million for both of them - which will pay off all their bills. After that - i figure they'll have 950,000 left (which will buy a decent house - and give them enough to live on after they retire).

AS for me - I'm not a heavy spender. I'm not really into extreamly expensive cars. There's really no use for them in my world. I just want a car that's nice looking - and has some power. I would get a small condo/house and fill it w/ the best stuff I can get. I'd try and keep the money for a long time

 

[Jfur]

assuming 5 million *after* taxes:

--pay off debt
--locate a good financial counselor
--buy house (investment)
--buy another used celica
--create two scholarship endowments in honor of outstanding mentors (~1 million)
--cautiously invest the rest
--keep working

 

[woodly6]

Go To VEGAS!




A hour later hitch hike back from Vegas broke and sad!

 

[SilverBack]

Pay off the families debt.

CHANGE MY NAME! Duh every person I know in the world would want some of it!

Invest the rest with a minimum 5% return, minus this years expenditures
Hopefully $3000 a week interest cleared for my newfound tastes.

Move to the Cayman Islands and become a scuba bum. ( Of course I would have a very nice little shack with highspeed net access of course )

 

[Carbo]

Change my identity. Go to South America for awhile and spend some meaningful time with a voluptuous local girl, or three. Enjoy some local delicacies and fire water. Change my ID once again, because by this time my wife and her family are gunnin' for me, I'm sure. Move to Italy.
Send postcards to them, "Weather is great. Wish you were here". Then repeat the South America experience in Italy.

 

[kami]

Quit school/work, buy my own place, buy a car, buy some toys (i.e. a $200,000 stereo/home theater), then save and invest the rest and never work again. Oh yeah, i'd give some to family and friends too.

 

[randomlinh]

put it all in the bank and live off interest Don't need a huge house w/ lots of spensive toys

 

[riddelrp]

I'd buy 5 "clarin" F1's and race everyone I found. Then when I crashed one I would get in the next. repeat. I figure by the time total the last one I will most likely be dead, so I will be cool.

0-60 in 2.8 anyone?

In REAL life if would:
1)Pay off mom's house and buy her a car.
2)Dad has money so he doesn't get any.
3)give 200,000 to sister (she has an awesome job so this will help her but she will be very rich shortly, so I'll save the rest of it)
4)purchase a car. I like the Porsche Boxster, but a Mustang GT conv. (manual of course) is much more logical for a college student (can't transport stuff to school in a boxster).
5)toyota corrola for my aunt (she needs a car)
6)500,000 TO CHARITY (help to decrease capital gains tax, this way I might actually get MORE then 5 mil)
7)invest and live off interest.
8)use interest to pay for college

PS: My grandfather owns an island and I don't -think- that he is worth 5 mil.

-Ryan

 

[CuriousAndy]

<< 2)Dad has money so he doesn't get any. >>



ROFLMARO SLRO!!!!!!!!!!

you have 5 million u know.. give him a $20 bill at least or something.. he raised you for god's sake

~andy

 

[Viper0329]

I own an island....oh wait...nm thats my kitchen.


Give parents lots, then never work again!

 

[iamfried]

Pay down my AMEX Blue card balance...

 

[Raspewtin]

It's funny b/c you think before you have $5 million how you will spend it, but after you make it, you just can't spend it so easily, so you say to yourself &quot;When I have $10 million I will be more laid back about spending money&quot; but then when you have $10 million, you are a greater tightwad then you were before, and so on and so on. That has been my experience.

 

[TallBill]

hmm.. i'd spend the first million or so on stupid stuff (house, car, mad pc equipment, gadgets, etc) then retire give myself a budget to live off of.. with interest i'd be pretty happy..

 

[goldboyd]

I'd setup a million dollar credit line in Vegas, and live up the whale life

 

[johneetrash]

pay off my parents debts
buy myself a house... 2 story 4 (big) bedrooms would be nice
im already happy with the trd tacoma i drive
buy a new computer...
new guitar/bass rigs for me and my dad
put the rest in the bank

 

[Shy]

<< AHEM, 5 mil won't be enough to buy an island.
that movie is so old.
i'd buy a house, a 30k car, new clothes, new 'friends' lol.
burn the computer
already after 2AM, too sleepy, can't think anymore >>



Theres are a few islands off the coast of New England going for $1 million each, actually.

-Shy the Island Buyer

 

[lamplighter]

1 million for new house, cars, etc
1 million for my family
1 million to save and invest
2 million to start my own company

 

[Imported]

Assuming $5 million after tax.. I'd:

Pay off my parents homes.
Buy whatever car my mom wanted (Probably a BMW or Lexus).
Buy whatever car my dad wanted (Acura MDX/BMW X5).
Buy whatever car my brother wanted (Prelude SH/M3).
Buy an M3 and Lancer Evo VII for myself.
Finish school, then retire after putting $3.5 million into savings, funds, etc.

 

[bhungy]

2 million in bank 2 million to diversify in the stock market and 1 million to share with friends and family. A million is a lot to enjoy so i think it is plenty.

 

[jaybert]

islands dont cost that much. Theres a website where you can buy islands on the east coast for like $300,000. It comes with a house too (granted, the house kinda sucks). Buying an island isn't equal to starting your own country...you're still a US citizen and have to pay taxes adn stuff