What is the first thing you would do if you got $100 million?

[Rockport]

....if you got 100 million like Dak is soon going to get? Assuming everyone would hire a financial advisor right off the bat.

I would give a million to charity. Sounds lame, but it’s the right thing to do.

 

[Xelda]

The first thing I would do is ka-wit my job.

 

[Rockport]

The first thing I would do is ka-wit my job.

With a big ole smile

 

[Big_D]

....if you got 100 million like Dak is soon going to get? Assuming everyone would hire a financial advisor right off the bat.

I would give a million to charity. Sounds lame, but it’s the right thing to do.

Charity, take care of family and friends then a hut on the water for a solid month, but I'm thinking more. 6 months. lol

 

[The Fonz]

I am a minimalist I don't need much so if i earn such money I would use 85% of it wisely in helping those who suffer in life.

 

[Oz-of-Cowboy-Country]

Party like its 1999.

 

[JohnnyTheFox]

This is easy, I would up an vanish. No question...….

 

[Hardline]

Hire an attorney and a CPA before I spent a single penny.
You have to know how to be rich when you become rich.

 

[cowboyec]

go to the Auction at Graceland during Elvis Week and get something KICK-***!!!!!!

 

[Sarek]

I would invest very conservatively for the first couple of years until i understood economics properly, then i would make more moderate investments. I would not buy any kind of boat and i would not buy anything that requires very expensive upkeep. Remember your emotions are probably leading you to make wrong choices, for instance if you don't know much about buying or owning a home you should probably start by not buying anything and doing a year or more of research before just buying something you like because it looks good or you like the location. As far as friendships go you should expect that many of those people will now become somewhat emotionally unstable in front of you (their acting) to try and convince you that they need money and that you should give it, very big mistake don't give it, if you do give it they will be looking to get more from you soon enough.

Simple rule of thumb or what have you is that if you can't handle your own emotions you probably also can't handle 100 million.

 

[darthseinfeld]

I would invest very conservatively for the first couple of years until i understood economics properly, then i would make more moderate investments. I would not buy any kind of boat and i would not buy anything that requires very expensive upkeep. Remember your emotions are probably leading you to make wrong choices, for instance if you don't know much about buying or owning a home you should probably start by not buying anything and doing a year or more of research before just buying something you like because it looks good or you like the location. As far as friendships go you should expect that many of those people will now become somewhat emotionally unstable in front of you (their acting) to try and convince you that they need money and that you should give it, very big mistake don't give it, if you do give it they will be looking to get more from you soon enough.

Simple rule of thumb or what have you is that if you can't handle your own emotions you probably also can't handle 100 million.

I'd build a modest but nice on on a peice of land that I can build more on. Would probably get a really nice car too because I would spend alot of time in. However that would be about it until how to expand my income. 100 million dollars doesn't keep you from needing money coming in. However it gives you an opportunity to bring in even more money. That would be my main priority

In short: I would spoil myself with couple of very nice necessities (however the house would be modest enough to not require staffing), and the spending the rest of my attention building more capital

 

[SlammedZero]

First thing I do is drive down to the closest dealership and at very least buy me a brand new Corvette. Look, if I'm going to be rich I got to look good doing it.

To be honest I'm not a super flashy person, but, I do love cars. Slight chance I bankrupt myself trying to pull a Jay Leno.

 

[Sammy]

Hundred mil minus taxes and agent fees? That's like 45 million. I'd spend 5 mil and invest 40 which would give me 2.5 - 3.5 million per year after taxes and wealth management fees. That would be more than enough for me.

The original question was what's the first thing I'd buy. Probably order a custom Range Rover.

 

[kskboys]

1. Pay off all bills.
2. Take around 10 mil and put it away w/ around 2% of the increase being deposited into an account for me to live on and spend. That equals over $15,000/month.
3. Set up 2 accounts w/ around 5 mil each for my two kids to get the interest off of.
4. Set up around 10 accounts w/ 1 mill in each for my sisters and top friends to get the interest off of.
5. Give generously to charities of mine and my wife's choices. 5 mil.

Let's see, that's 35 mil. I'd get around 60 mil after taxes, so that means I'd have around 25 mil after all my plans have been laid. Prolly simply invest the rest into very safe places, as I already have more than enough. I would waste a bit, prolly invite family and friends to Vegas and give each about 5 grand.

I'd take around a mill and have fun giving it away. Maybe pick a person on the street and pay off all their outstanding bills. Maybe find someone who really deserves a house and buy them one. I'd definitely help vets, give generously to the children's hospitals. It'd be fun to find some people who really need an operation or something of that nature and give it to them.

Honestly, money is only good if you do good w/ it.

 

[CyberB0b]

2 chicks at once.

 

[NorthoftheRedRiver]

I'd probably just blow it on carbon credits.

 

[CF74]

Take some stock market courses so I can turn it into $Bazillions, then buy the Cowboys so We can run it from the Zone!!!

 

[bb721]

100 million dollars doesn't keep you from needing money coming in.

Wait. What? It’s literally like having a job that will pay you a million dollars a year for the next hundred years. Or 2 million a year for the next 50 years, however you want to break it down. And you’re saying that’s not enough, you need more coming in?

 

[Tabascocat]

Wait. What? It’s literally like having a job that will pay you a million dollars a year for the next hundred years. Or 2 million a year for the next 50 years, however you want to break it down. And you’re saying that’s not enough, you need more coming in?

Some of us like to buy nice things.....it takes money to blow money

 

[Hoofbite]

Wait. What? It’s literally like having a job that will pay you a million dollars a year for the next hundred years. Or 2 million a year for the next 50 years, however you want to break it down. And you’re saying that’s not enough, you need more coming in?

Almost have to question if the person has an understanding of the amount.