I was going to say a house by the sea… but it probably wouldn’t be my first purchase. Instead it would likely be:
- Pizzas
- A salad
- Booze
- A video game
- Clear my own debts, while also setting aside money for friends and family’s debt.
Yours is the one reply that actually answers the question. A house, debt, etc would not be the first thing you bought. I’d probably buy a ton of stuff from my (local equivalent to) Amazon wishlist as a first thing.
Yeah, I was trying to think about my immediate reaction. After the shock, denial, and a bucket load of swearing, I’d want to celebrate.
A new laptop and that’s it. No need to make dramatic changes in my life, I’ll keep the rest of the money stashed so I can live comfortably and not have to worry about financial troubles.
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First I’d buy my own house from the bank. Next I’d buy each of my neighbor’s houses going out three or four blocks and gift them to them, with the option to stay or move at any time in the future and sell them back to me at market rate. If they sell it back to me, take the cash and move, I put the property up for sale to the lowest bidder - ie, I would offer them to local families who needed it most, selling them for literally pennies.
I would then start gifting large amounts to local schools, with the rider that it has to go towards increasing salaries for all existing staff first, followed by creating a floating fund for supplies and meals so that no teacher or family in need ever had to buy them out of their own pocket.
After all that I’d start commissioning giant bronze statues of my favorite fictional characters and plopping them down on undeveloped land in the area, then building parks around them.
Near one of these parks I’d build a great big classically-styled movie theater that plays classic films for three bucks a ticket. Operating costs would be paid for from a fund set up to keep the place open and running indefinitely, with all ticket sales to go to local charities.
- Surgery, fixing my phisical disability with the best doctor money can pay.
- Instruction, get the most forward education to be sure my future is safe even without money.
- Buying house, investing in a second as well.
- Hire someone to make that money a machine to keep earning more.
- Take a luxury trip around the world for some years.
A new house for my aging parents with no stairs.
I just imagined a two story house with the stairs removed which is way funnier.
They hate them.
$500,000,000? I would probably donate like 475m at least cause I’m not a fucking monster that would hoard the level of wealth. Then live more than comfortably off the money you get for having money until I die and pass that fountain of youth on to another family member.
Good answer, anyone who has that level of wealth and hoardes it is despicable IMO.
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I’m enjoying this mostly because of how many people are reading it as $500,000.
A house close to nature with a big garden for the kids and plane tickets to Europe to visit my parents with our 5 months old.
Retirement accounts for myself and people close to me so we can live off the interest. Then probably a bigger house and a bunch of old cars
200k in a high interest savings account. 100k in stocks and shares. 200k into a property
And the other 499.5m?
Whores
I think you already know.
What do you do with the remaining $499.5M
Well, I’d definitely get the lawyers and CPAs to make sure that bag is secure and protect my family’s privacy as much as possible. After that…
- I’d hire a high-end architect to renovate my home.
- I’d hire a personal trainer to help my family get really fit.
- I’d buy a big vacation for our extended families.
- Buy a less family-friendly vacation for our friends.
- Hire a therapist so I don’t go insane.
Don’t. Tell. A soul. I can’t deposit the money for obvious reasons, so there isn’t much I can do. I could try money laundering.
Assuming it goes straight to a bank, and my security isn’t an issue, I’m giving away 300m away to charity, environmental research, and family. I’ll get someone to help me invest my money, because I know nothing, and use it to kick start a business or YouTube channel.
Sorry, can’t really tell you 5 specific purchases I’d make with it.
Well, first of all, I’d throw half of it into that project trying to create open source insulin.
After that: co-ops, co-ops, co-ops, and more co-ops! And some random open source / decentralized projects as well.
Lots of different stock so I can be a proper capitalist living from passive income.
Then see how much of an income that is and adjust lifestyle.
A house or nice apartment in this town. Private school for kids. Great bicycles. Still no car. BahnCard 100 for every family member.
Reinvest and donate the rest.
