Your plan for 10mil dollars

[Gene Tunney]

10 million is small potatoes.





When your fantasy hits 100 million, then we can talk.

 

[Bornstarch]

Put it in something that gives you returns. 10 million will give you at the least $300k per year forever.

 

[plataoplombo]

1. Put it in a high yield savings account and live off the interest

2. Quit my job

3. Help family

4. Buy some rentals / business

5. Charity. Maybe start my own that way I can make sure it goes to a good cause

 

[GearSolidMetal]

Imagine you just simply receive 10mil dollars and you can do what you want with it.
What do you then?

Consult a financial advisor how to invest it in a way I can live off the interest.

 

[elreece]

Anyone saying they would still go to work must be fucking boring ass people. Do not care how much you love your job its still a fucking job.

with 10 mil id pay off my house buy a 2nd holiday house. Invest a few million, travel occasionally and spend my days doing shit I enjoy like spear fishing, golf, exercise. On the week end host bbq's for all my friends Id pay for it all.

Would never be bored a day in my life.

 

[Flower2dPeople]

I may have some more thoughts later but step 1 would definitely be to brag about how rich I am to everyone on sherdog

No need. I'll be your hype man. I'll do it for you.

 

[Spounman]

I would invest and gamble

 

[Osculater]

I would start looking into buying some real-estate. Probably section 8 apartments and housing.

Essentially I would become a slumlord.

Smart

 

[Osculater]

I'd buy one piece of nice property for myself and buy a bunch of cheap property. Then, I'd set up a few businesses to launder money and get PPP loans.

 

[Osculater]

10 million pitbulls

You can buy an island and name it 'Pitbull Heaven'

 

[Joe Mama]

If $10M is life changing money for you and you want to really live it up, then you better invest the principle in very safe, interest generating investments and just 'live it up' off the interest while not touching the principle.

Even at a very safe 3% per annum in income generating investments, that is $300,000/yr you can withdraw and spend to do the things you want. If you move to a jurisdiction that will not tax your interest income, you will have almost $6000/week you can spend.

I would make an agreement with my wife that we should become crazy cat parents and adopt a fucking bunch of them.

And when we pass, the remainder of the monies would be left to the cats.

 

[Michaelangelo]

no coke and whores mentioned yet smh

 

[Romulas]

4 mil into laddered munibond portfolio.
4 mil into commercial realestate dev (what I already do)
1 mil into crypto
1 mil into index funds

Reinvest 50% of proceeds. Hire a full time assistant and use what's left to enhance life for my wife, kids and extended family.

Limit myself to 20 hrs a week of work and spend more time snowboarding, driving porsches and on the boat.

 

[Cid]

Couple homes. One to live at, another for vacations or rental.

Yes that is fuck you money if you invest it. Especially in real estate and land, which is an appreciating asset that floats inflation waves.

4. Buy some rentals / business

I can't understand why anyone would bother buying property if you have $10M.


To invest $10M would take about 15 minutes.

Buy a few stock ETF's which own nearly every publicly listed business of significance in the world.
Buy US Small Cap Value ETF
Buy Gold ETF
Buy a couple Bond ETFs
Stick some in my bank account.

Balance it back into ratio every few years... which also takes about 15 minutes. Property is work, you're better off just buying a REIT ETF if real estate is what you're after.

 

[Osculater]

no coke and whores mentioned yet smh

First handle business and then coke & hoes

 

[Kung Fu Kowboy]

I can't take it with me ... so see how fast I can spend it.

 

[Halifax]

I can't understand why anyone would bother buying property if you have $10M.


To invest $10M would take about 15 minutes.

Buy a few stock ETF's which own nearly every publicly listed business of significance in the world.
Buy US Small Cap Value ETF
Buy Gold ETF
Buy a couple Bond ETFs
Stick some in my bank account.

Balance it back into ratio every few years... which also takes about 15 minutes. Property is work.

I actually enjoy plumbing, carpentry, electrical, and general upkeep. Fuck i do it for work all the time and enjoy it. Real estate is easy to give to my kids when they are old enough. And the price of houses and rent here more than doubled in 4 years.

At the rate we are going, kids can't move out on their own anymore in the next 5 years and have to live with their parents indefinitely

 

[Cid]

I actually enjoy plumbing, carpentry, electrical, and general upkeep. Fuck i do it for work all the time and enjoy it. Real estate is easy to give to my kids when they are old enough. And the price of houses and rent here more than doubled in 4 years.

At the rate we are going, kids can't move out on their own anymore in the next 5 years and have to live with their parents indefinitely

Would you enjoy doing that work on a $5 million dollar real estate portfolio that you paid $8 million dollars for?

Because you're not making it out like you're buying the bottom of the market with this post.

 

[GSP_37]

Scholarship fund for unfortunate kids who are that way not by any of their own doing and as long as they are not shit characters.

 

[GSP_37]

I can't take it with me ... so see how fast I can spend it.

Bill Gates style naked stripper pool parties everyday all day.