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

Most people are assuming $100M net. Nice of you to take a fun topic and be a douche with it though.

urxc alum wrote:

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.

I never got a good job out of college, but I did climb and travel to different countries. I taught English abroad. You can do that stuff right now if you make it a priority. Find a climbing gym near you.

I'd buy a lot of PowerBall tickets.

Wow that is my life Dude and I've done my share of throlling

just another lrc billionaire wrote:

the true answer wrote:

troll LRC

This is what many of us do. When you have a hot wife, and you're not able to run a sub-14 5k again, there's nothing else worthwhile to do than troll lrc.

Bitter much? Or perhaps you're referring to Trump's tax plan - if you're single and make under 25K a year, no taxes for you! Winning!!

not going to happen wrote:

How are you going to give away 95 million when the government is going to take at between 40-50 million in taxes? Must be people who are accustomed to paying little to no taxes providing the majority of the responses here.

climbr wrote:

urxc alum wrote:

After doing a bunch of research and donating $95 million to the best charities I could find, and buying myself some cool stuff, I'd reduce the number of hours that I work to make more time for hobbies like climbing, bjj, dancing, etc. I would also do a lot of traveling.

I never got a good job out of college, but I did climb and travel to different countries. I taught English abroad. You can do that stuff right now if you make it a priority. Find a climbing gym near you.

Thanks for this inspirational response. The problem is indeed one of time and priorities. I like my job, but I work a lot of hours. Maybe I could find the time to start climbing, but this would involve costly tradeoffs - less time with my wife, less time reading, climbing instead of going for hiking trips or visiting family, etc. Having money in the bank would be great since it would give me the time to pursue fulfilling hobbies without the unpleasant tradeoffs that this would currently involve.

Of course, I could find a job with less hours even without winning any money. But there are several reasons I don't want to do this. Primarily because unless I win a bunch of money I'll need to keep working my whole life, and my current job sets me up for a career in a field that is very compatible with my interests and abilities, a field which I expect to be conducive to my long term happiness. Secondly because I would make less money if I switched jobs, which would mean that I could donate less money to charity (currently I give 10% of my income to GiveWell's top rated charities; see GiveWell.com, they are my favorite thing on the internet). I view this as a strong moral reason to keep my current job instead of searching for a job with fewer hours that would give me more time for things like climbing, even if the latter choice would be better for my personal fulfillment. Again, the problem is costly tradeoffs that winning a bunch of money would address.

So I agree with what you're saying, and it's good to be reminded that there are options like this available. I could make traveling and climing priorities. But doing so would mean giving up other things that I value. If I won a bunch of money, then I could do traveling and climbing (for example) without these tradeoffs.

I would spend it all on lottery tickets.

Pay off the government. By a house and a skiff in St John USVI for the winters and a house in Jackson, WY for the summers. Start a fishing guide service in both places. Invest the rest. Travel about four times a year to different fly fishing destinations. Swim, bike, run and lift weights the rest of the time.

letsrub.com dot com wrote:

Then I would come back home and start a mid size (50 to 60 barrels) brewery (would cost about 1-2 million).

Then I'd run the brewery, but put into place good people that I trust, so I could go on vacation when I want and also have time to spend with my future children.

For a 50-60bbl brewery, you plan on spending 1-2 million? That better be for a tap room, restaurant, bottling line, built-for-use building from the ground up, and in one of the following states: California, New York, Florida, New Jersey. Every where else, you can open up a 50-60bbl brewery with bottling line for 600k in the mecca's of American brewing: Oregon, Montana, Washington, Vermont, Michigan, or Minnesota....

pay off my parents' and family members' debts and mortgages

Then invest all of the rest so that I can just live off of the interest for the rest of my life and be independently wealthy.

I'd like to hear more details on the breakdown of that $600k if you don't mind taking the time to break it down.

Become Dan Bilzerian 2.0

I'd donate it all to Planned Parenthood, continue working at the job I love, and sleep well at night knowing I've played a small part in making the world a better place.

I'll let you know Saturday night after I win the Powerball.

FART

What is everyone thinking giving away so much of it? First off the "G" is going to take a large portion of that away in taxes. Second, if you hand over say a million to a family member they in turn will have to pay taxes on that money AGAIN. That would be the second time "G" is going to tax that money. It's better for anyone who has a large sum of money to hand over to family to give a yearly allotment under the taxable rate for donations. In oregon it's $10k per person per year tax free. After that they r*pe you.

And lets get real... if you were handed $100 million (say $50 million after tax) you wouldn't be giving it away. You think you would... but you wouldn't. How do I know? How many of you guys give 50% of you income to the more needy right now? None? Well what's the difference if you have $100k or $100m? I know you'll say "well I NEED that money, with $100m I wouldn't NEED that much". But do you really NEED the new car, big house, fancy clothes, etc.? No. So I say none of you would give any significant amount of your winnings away.

I know I wouldn't.

I agree with your first paragraph, but disagree with your second. There is a diminishing value of any good, even money. Let's change your example to $100k or $100B. If you had $100B, certainly, you could give away half and not give a flying fvck.

That being said, if I had a $100M (pre or post-tax) I wouldn't "give away" any of it. I like to think of it as investing in things. The first thing I would do is invest in my parent's well-being, as they are getting older, and less healthy. I'd make sure they got the best medical care, any amenities that made their life more comfortable, and people to support them, like a nutritionist, personal trainer, etc.

Secondly, I would invest in my friends and family. I know how hard it is for most of them to pay their bills. I would offer to buy their houses and let them live there, rent free. It would be a real estate investment for me, and probably as lucrative as most other long-term investments, and it would provide them all with an increase in the quality of their lives.

I don't know what I would do with the rest. I imagine there would be some selfish waste. I would like to build a lot of great memories. I would travel more with my wife. I'm a sports fan, so I would probably go to the Superbowl and attend March Madness games every year. I love dogs, so I would consider founding a dog rescue.

Nothing too crazy, but some good investments in the happiness and well-being of my friends and family.

Penis enlargement surgery.

I like my life, so pretty much what I'm already doing now, just with marginally less stress about the future.