If you legally came into $100 million today, what would you do with the rest of your life?

rojo wrote:

Wollef wrote:

Give much away to charity? Ensure your family/relatives live a good life? Travel? Play?

Why is everyone being so un charitable? Barely giving any of it away? I would start by giving $48.35 million of it away to my fellow citizens

I'll start local and give 3.20% of it to my fellow Baltimoreans, then 5.75% of it to my fellow Marylanders and 49.6% of it to people from every state. So basically 1 million to every state in the land.

I'm going to be entrusting the IRS to handle this for me as I don't have time to be handle all of the disbursement my check.

After that, I'll lay low for a while, maybe invest some of it while I wait to see if any magazine writers want to profile me for my generosity.

I love you rojo

disappear

Well I'd probably get a little drunk tonight. For sure I'd sleep in tomorrow and then figure it out.

2 chicks at the same time, every day for 100 days.

Make Mike Rossi an offer he can't refuse.

$10 million for a 3:11.

I would start my own distance running league. 10 races (lengths varying from 1 mile to 50 miles, terrain varying from tracks to mountains/obstacle courses) in 10-15 weeks. Maybe recruit 40 runners with varying backgrounds to participate at first. Scoring would be based on some combination of total time and total placing. Tie breakers will be resolved by giant Q-Tip duels, a la American Gladiator. The events will be streamed or potentially televised. Gambling and gratuitous human interest stories will be part of the package as well. It will probably fail and bankrupt me, but at least I tried!

I would offer 1 million to the person that leads the field through the 400, 800 and 1200 for the men's 1500 at the OT. 3 million total

Well honestly I'd have to talk it over with my wife and we'd come to some sort of agreement. But here's my take:

First I'd give away about $95 million to the most effective charities that I could find. I would spend 100+ hours researching charities, since this might be the most important single decision I ever make (charities differ widely in their marginal effectiveness, so $1 to the best organization might accomplish more good than $100 to a good but not great organization). I'd start my search in the third world because money goes so much further overseas. I'd look for organizations that are transparent, underfunded, thoroughly vetted, and have compelling evidence that their interventions accomplish a lot of good. This is too much research for any individual, of course, so I'd rely on the help of charity evaluators like the mind-blowingly awesome GiveWell.com.

Next, feeling pretty great about myself since I just saved like three thousand people from dying of malaria, I'd spend $5,000 on an awesome mountain bike. Then I'd buy an awesome house for about $1 million. I'd give $50,000 to each of my parents. I'd buy a hammock, a nicer tent, a slackline, and a new pair of trainers. I'd buy a bunch of books I've been eyeing and maybe start paying for my music instead of stealing it. My wife and I would go on an awesome month-long vacation, after asking for advice on letsrun about where to go then probably ignoring it.

The remaining $3.8 million I would invest. The interest (about $150k per year, depending on the markets) would be more than enough to live and travel on quite comfortably, especially without mortgage payments. I probably wouldn't quit my job totally - I like my job - but I would definitely cut back on the hours to make more time for hobbies. So many books to read, and miles to run. Plus I want to take up rock climbing and dancing and bjj. Maybe learn some instruments or foreign languages. And I would definitely do a lot of traveling, especially to foreign countries that I'd love to experience firsthand but are just too expensive for me right now.

Tl;dr: It's a big world, and I'd use this windfall to (1) make it a little better, and (2) to explore it just a little more freely.

I'll let you know later tonight after I win the Powerball.

If you legally came into $100 million today, what would you do with the rest of your life?

Learn how to say "NO"...repeatedly.

$100 million is a lot. I will assume this is what's left after taxes.

$2 million each to my 2 kids in a trust that they get access to at age 35 (hopefully it will grow).

$1 million max on a home -- looking more for location than opulence, but I would want it to be nice.

So, we have $95 million left. I would put $65 million of that in a trust with which I would dip into to give to charity at my whim. I would actively seek organizations to give money to, and they would have to prove worthiness, and they would only get enough each year to allow the trust to maintain or grow.

With the remaining $30 million, I would put that in mutual funds and take 5% of that a year to live on and buy stuff with.

5% of that is $1.5 million. I could easily live very happily on that including buying or leasing new cars frequently, filling my home with all the musical equipment I could want, paying for college for my kids, traveling as much as I want, etc.

I would buy off Seb Coe and other IAAF crooks so that I'll eventually win a few Olympic gold medals.

Always a fun game to play..

1. I'd buy a lake house and a boat.

2. travel to all the major sporting events with my dad and brother

3. fully fund a number of track and cc programs in my area, hs and college.

4. Fund a summer track program

5. spend my time attending classes at the local college then travel to that place after I was done studying. That way I would truly appreciate what I was seeing when I was there.

subsubelite wrote:

I would buy off Seb Coe and other IAAF crooks so that I'll eventually win a few Olympic gold medals.

Could you compete with Uncle Phil?

Downsize to a secluded cabin in the woods

Buy a piece of land in the suburbs of Nairobi and build a house of great magnificence.

Then, invest a good portion of it. We are talking of 10 billion Kenya shillings.

I'd then start a children's home where I'd house orphans as well as the very unfortunate. I'd grant them an education and whatever other programmes (and amenities) that would be necessary.

I'd also be running ten miles a day everyday or every other day. I wouldn't over do it.

I'd also tour the world extensively.

Just a man and his thoughts.

Spend 50 million on drugs and women, then waste the other half.

It sounds nice but, if you're making $75k a year currently you can expect the same level of happiness . Studies have proven that to be true. So, definitely give the majority of it away. You'll be just as happy and can help others.

Whatever study you're referencing was severely flawed or deciphered incorrectly. A windfall of $100M allows you to continue a job you love, quit a job you don't and retire, or quit a job you don't and start a new career. Even if you love your current job and choose to stay, you can do great things for others. You're happier. End of story.

Wife and I just discussed this the other night. I would quit my job within ten seconds of this windfall. I have what's co soldered a great, high paying job. It's also incredibly stressful with a risk of being laid off at any time. I quit, now I'm happy. From there I probably spend about $3-4M building a combination brewery/BBQ restaurant destination for TE community to come together and have a great time at. This would employ friends and their children, allowing a couple other people I know to quit jobs they hate.

We'd build a nicer home in the same neighborhood (more land primarily), and build homes in two other cities we like to travel to. Splurge on a couple nice vehicles, my personal choice a badass decked out Wrangler.

This leaves me about $92M to throw in the bank and let others help me grow. With this arrangement I'm happy as a clam and live happily ever after.