Pretend the $20 million is guaranteed, and if anything will increase slightly over time.
What problems could be significantly improved for $20 million?
(I am dreaming of winning the $1.55 billion Powerball drawling. Then taking the lumpsum, posting taxes, investing, and spending 4% each and every year. I understand that the actual may be more, or less than the started amount.)
If I came into an unspendable amount of cash, I would make it my full time job to research things to donate to. Charities, or any charitable organizations, medical research, housing the homeless, feeding/infrastructure/sanitation for poor countries, open source projects, etc. But I don’t want to donate to just anyone. I don’t want to donate to those shitty fake charities that use their donations to line the pockets of their top people. That’s why I would spend a considerabe amount of time researching these groups.
The way I see it, after I buy all the things I want, a house, a fancy car, etc. I couldn’t possibly spend more than $1M a year on my family. That gives me $19M a year to donate. I don’t really care to keep a cent more.
You are probably spot-on. While I am able to do some things, a charity that is already doing things will likely be better at it.
Well, since I don’t need a lot in life, I‘d keep a mil to invest and mostly live off the dividends. Maybe two if everything sucks.
The rest goes to educating youth. It’s literally the key to curing cancer, colonizing mars and eradicating inequality and fascism.
Have a good day.
Probably live on a million- maybe 2- and spend most of my time giving the rest away.
deleted by creator
I’ve daydreamed about that Powerball jackpot as well. I’d spend as much time traveling the world. There’s so much out there to see, and I’ve only ever really spent time in a small part of my own country. And I’m not talking about a few days here and there in new places. I’m talking about spending weeks at a time experiencing other cultures.
Start a charity foundation, but pay poor people in your community to lead it, instead of local millionaires.
Oh dang, that’s a good idea!
After buying my fortress of solitude, and making sure my family is set for generations, I think it would be fun to donate money to random people who are struggling.
How I always imagined it was I would live a nice middle class life with no worries for bills and shit. Then with the rest of the 19.7 million or so I would run a non-profit charity for people in locations that are unable to receive potentially life saving medications or treatments. Think abortions in the US as a major one, I’d want to help women get to a state they can safely get an abortion and then help them protect that info. Abortion bans are a classist issue, rich won’t be affected and they’re the ones who generally vote for this shit. But yeah that’s my dream, eventually I’d hope to get enough funding or money to expand that to a world wide endeavor with my own hospitals setup in regions where I can offer help the best and guarantee info protection.
Oh and I’d take a lesson from the fediverse and make my funding and how it’s used be free for viewing and pretty much presented first so people can trust my charity.
$20 million is a lot, but not an infinite amount. As the cash flow is close to guaranteed, one could get into long term projects and hire staff.
Paying total compensation of $100K, one could hope ~200 people. No money left for offices though.
I would consider increasing the local standard of living by buying a few minimum wage type businesses and over paying a little, ~5%. I would hope that this causes an employee shortage and increases wages. Continue raising wages at a rate the other businesses can keep up with. My reasoning is that I can only hire so many people, but increasing the prevalent wages will benefit far more people.
I also think I could open a at-cost medical clinic. I don’t know what that would cost, but I bet someone will tell me really quickly once I have the money.
I don’t think I would have the money to:
- Set up a new bus system.
- Setup district heating for a town
I feel like I am playing “small ball” and not grasping the opportunities.
I was gonna say, take my boyfriend to fine dining restaurants and fun shows every week, but even assuming we took a $400 each way flight and stayed at a $500 hotel and paid $200 a plate and $75 a show, that still comes out to just $150,000 a year.
Those are def rookie numbers for the flights, hotels, dinners, and shows. X20 those and you’re in millionaire spending territory.
Quit my job
Pay off and renovate my house.
Buy a new car, something nice but not over the top.
Set up services for my neighborhood to drag the people round me out of poverty and ensure every kid gets the chance to get a good education.
Ensure all housing in my neighborhood is up to code and in good shape/safe to be lived in.
Pay off the debt of every person in my neighborhood, prioritizing medical and student debt.
Buy the people I love the things they need, set up trusts for their kids, pay off their debt, help them financially without enabling them into their bad habits.
Feels like that should probably reach $20m fairly quickly.
Become a landlord that makes housing actually accessible driving down prices and providing safe places for people in my neighborhood to live.
Whilst I am very anti landlord, that last point is interesting.
Say, if someone had enough money to buy out thousands of houses and made them cheapest around, undercutting everyone, then sold them to the occupants if they wanted to buy… Would that somehow fix the renting crisis we’re in today?
I’m also anti-landlord, because of how the system is built. But if someone was independently wealthy and approached it as a philanthropic endeavor it could be different and solve the housing crisis for at least some. I wouldn’t be in it to make money, I’d be in it to give people that need somewhere to live a place that they can afford. And yes, eventually buy if they want to, though not everyone with limited income can afford the up front costs associated with owning (like when an appliance breaks, or there’s another problem with the building) so I understand why some wouldn’t want to. But if I had the means to take a loss on it, and did, it feels very different than the capitalist landlord squeezing tenants to make their salary.
Probably give milion to someone that really needs it in person and to see how they react.
Money is just such an overrated thing to pursue. Sure you can try to drown your worries in it, try to escape but the happiness is always inside
I’d give most of it away to charity and use the rest to keep my family comfortable for the foreseeable future.
Pay off my debt, buy a modest home, go back to school, never work a shit job for minimum wage ever again.
But I don’t need anywhere near 20,000,000 dollars a year to do that.
After some large donations to communist organizations, I’d put the remaining few million per year into buying commercial slots on every major TV network in the US. Then I’d create Jury Nullification PSAs and blast them over the airways continuously until the message sinks in universally that juries are under no obligation at all to respect the laws currently grinding marginalized people into dust.
It’s honestly enough money to start a worker coop too. I would also love to have like 20 different companies all spinning around and changing names giving every employee crazy titles. Ah yes, you are a manager and if anyone asks you’ve been here 5 years and were amazing, sad to lose you.
That’s such a great idea that I’m sure anyone who did this would end up charged with some type of fraud, unfortunately