the million dollar question.......
taranaki
09-22-2002, 04:01 AM
If you had a million bucks,what would you do?:)
(been done before,but long time ago)
(been done before,but long time ago)
replicant_008
09-22-2002, 04:57 AM
A million dollars. Let's see...
I'd pay off the loan on the car, pick up a book from the library and then buy a newspaper - preferably a Weekend Herald or similar. I'd have a look around for a some units to rent out and look to buy maybe four or five. A million dollars won't be enough so I'd use the equity to leverage mortgages at the bank. But only enough so that the interest is 75% of the rentals on the units.
I'd use the book to figure a way of declaring this a trading trust so I can claim a whole pile of expenses, use the additional cash to do some maintenance/improvements and then figure a way to do a sliding divestment/reinvestment over the next few years.
I figure I can do this for about the next 15 years - and then retire from my day job with enough equity to not have to work again.
Sure some people would call me a slum lord but I'm providing housing for someone and providing employment for a whole pile of others.
Hey being a capitalist isn't a crime (well not yet - apart from the ridiculous amount I spend on tax - which is why I'd take some time to figure a way of minimising the tax exposure)...
Now if I won the 5 million dollars in the lottery... then that would be something else...
I'd pay off the loan on the car, pick up a book from the library and then buy a newspaper - preferably a Weekend Herald or similar. I'd have a look around for a some units to rent out and look to buy maybe four or five. A million dollars won't be enough so I'd use the equity to leverage mortgages at the bank. But only enough so that the interest is 75% of the rentals on the units.
I'd use the book to figure a way of declaring this a trading trust so I can claim a whole pile of expenses, use the additional cash to do some maintenance/improvements and then figure a way to do a sliding divestment/reinvestment over the next few years.
I figure I can do this for about the next 15 years - and then retire from my day job with enough equity to not have to work again.
Sure some people would call me a slum lord but I'm providing housing for someone and providing employment for a whole pile of others.
Hey being a capitalist isn't a crime (well not yet - apart from the ridiculous amount I spend on tax - which is why I'd take some time to figure a way of minimising the tax exposure)...
Now if I won the 5 million dollars in the lottery... then that would be something else...
darkness
09-22-2002, 07:12 AM
Pay off the car, finish doing up the car to what I want.
buy a house, kit it out with some nice but not too expensive things.
then invest the rest.
buy a house, kit it out with some nice but not too expensive things.
then invest the rest.
Moppie
09-22-2002, 07:15 AM
Hmm a million aye? Well in kiwi $ its not as much as I would like but it would certianly keep me happy for a while.
1st thing I would do is ring my employer and tell him I can't work for ever again. Then Hire a relief driver for him for a month so he could find a replacement.
Then I would ring 3 or 4 of my closest friends and tell them they have one month to get time off work and get thier passports ready.
Spend maybe 200,000 on a Holiday where ever they wanted to go. Im thinking a combination of Europe and Asia.
Then I would pay for a friends wedding.
Buy myself a nice Lotus Elise that I know if for sale for the right price, and spend about 10g on getting my kit car going.
And of course give 10% to a variety of non-christian charitys.
So theres a healty 400 odd gone on hedonism and being nice to the world.
That leaves me with 600 odd to invest.
In quite what I dont know, but enough accountants and lawyers that I dont think I will have a problem.
Then I would still go looking for a Job after graduating, just to becasue I would go mad with nothing to do.
:cool:
If it was US$ well then simply double all the above numbers. :D
1st thing I would do is ring my employer and tell him I can't work for ever again. Then Hire a relief driver for him for a month so he could find a replacement.
Then I would ring 3 or 4 of my closest friends and tell them they have one month to get time off work and get thier passports ready.
Spend maybe 200,000 on a Holiday where ever they wanted to go. Im thinking a combination of Europe and Asia.
Then I would pay for a friends wedding.
Buy myself a nice Lotus Elise that I know if for sale for the right price, and spend about 10g on getting my kit car going.
And of course give 10% to a variety of non-christian charitys.
So theres a healty 400 odd gone on hedonism and being nice to the world.
That leaves me with 600 odd to invest.
In quite what I dont know, but enough accountants and lawyers that I dont think I will have a problem.
Then I would still go looking for a Job after graduating, just to becasue I would go mad with nothing to do.
:cool:
If it was US$ well then simply double all the above numbers. :D
YogsVR4
09-22-2002, 10:47 AM
I'd start my own buisiness.
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nubiannupe
09-22-2002, 01:31 PM
Million buck, huh??
Well, I'd fix my car and invest the rest in Automotiveforums.com (cause heaven knows this joint's gonna BLOW UP in a few years):sun:
Well, I'd fix my car and invest the rest in Automotiveforums.com (cause heaven knows this joint's gonna BLOW UP in a few years):sun:
moondog
09-22-2002, 03:13 PM
I'd spend 800k on cars, guns & loose women!!!
The rest I'd spend frivously!!!
The Panda would put it in the bank till he thought about it properly!!! :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun:
It appears Mr Moon has left himself logged in on Panda's PC. Some fun could be had here!!!
:evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh
The rest I'd spend frivously!!!
The Panda would put it in the bank till he thought about it properly!!! :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun:
It appears Mr Moon has left himself logged in on Panda's PC. Some fun could be had here!!!
:evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh
"Pandamonium"
09-22-2002, 03:18 PM
THe Panda was so tempted!!!
:hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe:
:hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe: :hehehe:
taranaki
09-22-2002, 03:20 PM
Originally posted by moondog
It appears Mr Moon has left himself logged in on Panda's PC. Some fun could be had here!!!
:evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh
yikes!:eek: ...don't get him banned now ,will you!:D
It appears Mr Moon has left himself logged in on Panda's PC. Some fun could be had here!!!
:evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh
yikes!:eek: ...don't get him banned now ,will you!:D
nubiannupe
09-22-2002, 03:36 PM
Hahahaaa... imagine coming back to your computer, only to find out that you've been banned from here!:eek:
Someone would be getting:badass:
Someone would be getting:badass:
Damien
09-22-2002, 03:43 PM
Originally posted by taranaki
If you had a million bucks,what would you do?:)
(been done before,but long time ago)
Elementary school was only 4 years ago and AF is younger than that, so it was recent. :p
Start from scratch on the to-be ultimate car!
If you had a million bucks,what would you do?:)
(been done before,but long time ago)
Elementary school was only 4 years ago and AF is younger than that, so it was recent. :p
Start from scratch on the to-be ultimate car!
"Pandamonium"
09-22-2002, 03:53 PM
Originally posted by taranaki
yikes!:eek: ...don't get him banned now ,will you!:D
The fun would be had PMing Spec2. He could make alllllllllllllll sorts of promise's.
The Panda will show a "little" self control!!!
:p :p :p :p :p :p :p :p :p :p :hehehe: :hehehe: :hehehe: :hehehe:
yikes!:eek: ...don't get him banned now ,will you!:D
The fun would be had PMing Spec2. He could make alllllllllllllll sorts of promise's.
The Panda will show a "little" self control!!!
:p :p :p :p :p :p :p :p :p :p :hehehe: :hehehe: :hehehe: :hehehe:
taranaki
09-22-2002, 04:03 PM
Originally posted by "Pandamonium"
The fun would be had PMing Spec2. He could make alllllllllllllll sorts of promise's.
The Panda will show a "little" self control!!!
:p :p :p :p :p :p :p :p :p :p :hehehe: :hehehe: :hehehe: :hehehe:
Well that's just evil.
And if you can be evil,so can I...
Take a look at this pic........I recognise the Panda,BUT THAT'S DEFINITELY NOT HIS WIFE......:devil:
The fun would be had PMing Spec2. He could make alllllllllllllll sorts of promise's.
The Panda will show a "little" self control!!!
:p :p :p :p :p :p :p :p :p :p :hehehe: :hehehe: :hehehe: :hehehe:
Well that's just evil.
And if you can be evil,so can I...
Take a look at this pic........I recognise the Panda,BUT THAT'S DEFINITELY NOT HIS WIFE......:devil:
Spec2 Girl
09-22-2002, 04:19 PM
Pay off the house and cars. Buy some land and build our dream home. Bank the rest and have a damn good life! :D
Spec2 Girl
09-22-2002, 04:23 PM
Originally posted by "Pandamonium"
The fun would be had PMing Spec2. He could make alllllllllllllll sorts of promise's.
So I guess I shouldn't have responded then??!! ;) :p
The fun would be had PMing Spec2. He could make alllllllllllllll sorts of promise's.
So I guess I shouldn't have responded then??!! ;) :p
Damien
09-22-2002, 05:00 PM
Is it me, or is The Panda missing something?????
carnut
09-23-2002, 12:07 AM
Wouldn't be able to retire on that amount, so I'd just have one hell of a good time until it was gone! You can't take it with you!
kidrocket
09-23-2002, 12:41 AM
i would buy a tight ride and hook it up, and then invest the rest
Oz
09-23-2002, 02:52 AM
I would spend $100k skiing the world in the following order - N. America, E. Canada, S. America, Europe, Asia. I would then spend $50k building my fream ride and the next $50k insuring it :D:D
The rest I would invest in property and pay off uni.
The rest I would invest in property and pay off uni.
darkness
09-23-2002, 06:07 PM
Actually I want to edit my reponse now.
I'd also take a trip to the Ngorongoro Crater in Tanzania Africa for a safari trip. I really want to go there.
I'd also take a trip to the Ngorongoro Crater in Tanzania Africa for a safari trip. I really want to go there.
SilverLotus340R
09-23-2002, 07:28 PM
id move to Europe...buy a tight car ( im thinkin Aston Martin, Lotus, Ferrari ) buy a house...and invest the rest smartly...
then i would prolly give my parents 50,000 just for nuttin and then spend 60,000 doing nothing and having fun
then i would prolly give my parents 50,000 just for nuttin and then spend 60,000 doing nothing and having fun
ci5ic
09-23-2002, 11:26 PM
I would buy a house outright. And put alot into my car. And my jeep (or buy a new jeep). Depending on how much I'd have left over, I'd invest most of the rest and use some to pay for more school.
moondog
09-23-2002, 11:36 PM
Originally posted by moondog
I'd spend 800k on cars, guns & loose women!!!
The rest I'd spend frivously!!!
The Panda would put it in the bank till he thought about it properly!!! :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun:
It appears Mr Moon has left himself logged in on Panda's PC. Some fun could be had here!!!
:evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh
:uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh:
whoopsie
Anyway, what would I do? I would pay off the house and cars, and get a couple other cars :D , buy some land and build the house we really really want. That would come in under the million, but is the most important thing, cos if we didn't have a mortgage/car loans etc, I wouldn't have to work much at all to afford the fun stuff we want :D :D
I'd spend 800k on cars, guns & loose women!!!
The rest I'd spend frivously!!!
The Panda would put it in the bank till he thought about it properly!!! :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun: :sun:
It appears Mr Moon has left himself logged in on Panda's PC. Some fun could be had here!!!
:evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh :evillaugh
:uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh: :uhoh:
whoopsie
Anyway, what would I do? I would pay off the house and cars, and get a couple other cars :D , buy some land and build the house we really really want. That would come in under the million, but is the most important thing, cos if we didn't have a mortgage/car loans etc, I wouldn't have to work much at all to afford the fun stuff we want :D :D
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