For me, the first thing I’d do is clear my family of all debts(or whatever financial issues) there is and then the second thing i’d do is buy a hundred Siomai for me to eat
What are you buying if you won One billion dollars?
I buy myself a house, pay off my family’s home, pay off my best friend’s home, and pay off my and my siblings’ student loan debt.
And I’ll still have 998 million left over.
10 million goes into a trust, to pay my lawyers, financial advisers, and accountants.
15 million goes into whatever savings/trust/investment account my financial advisors recommend , with a maximum dispersement of $500,000 per year, for me to use as I see fit.
1 million for each of my 9 cousins, for education or housing.
964 million left.
I buy an apartment building. I advertise a reasonable rent, for the area. When I get a tenant that I like, I’ll decrease the rent to 20% of the person’s reported monthly income. I’ll apply that towards immediate bills, then take a small amount for long-term improvements, then put the rest in savings/investment accounts, one for each unit, split equally. Upon the end of the lease, the tenant can cash out this savings account. If the tenant has extenuating circumstances, their rent can be paid from this savings account, or the principal of this account can be pulled from at any time.
Some amount of money from the billion will be put in an investment/savings account, so that money can be pulled in perpetuity if necessary, to keep the apartment afloat during lean times. Something like 25 million, to allow for up to $1 million in disbursement per year for stuff that’s not covered by rent. Once this account doubles, I’ll buy another apartment, and so on.
$900 million left.
$100 million goes into a trust to be used for charitable ventures.
$800 million.
This is so much money. I literally couldn’t possibly spend it all in my lifetime.
Interestingly this was one of the first Reddit posts that I remember saving, a detailed guide on what to do after winning the lottery
It wasn’t that I thought I’d win, but it was just so detailed
https://www.reddit.com/r/AskReddit/comments/24vo34/comment/chb38xf
Easy. I’m building a low-income non-equity housing co-op. It’ll have very small homes built from sustainable materials, distributed throughout a permaculture-based native plants food forest. In the middle there will be a big central space that functions as a community kitchen, storage space, and venue. The buildings will all be connected through a series of raised, fenced-in, roofed walkways that allow animal life to pass underneath, but also are accessibly designed for (provided) wheelchair/scooter use. We’ll run all the wiring through these as well. It’ll be powered by solar/etc and we’ll have our own self-hosted municipal wifi with free email addresses and storage for residents. And etc, etc lol, obviously this is a very long standing pipe dream for me.
I could get behind that!
My husband and I had a similar idea but for ourselves and friends versus your purpose-built need. With a billion dollars we can do both and then some so I’ll build my commune and pay for yours to exist in multiple areas globally.
My first thought was reaching out to a property developer I know, and paying them to take care of the housing crisis in the state… housing first. I would then shame the absolute living fuck out of the people here that are more interested in children’s genitals, on behalf of some asshole god they worship.
Not quite as environmentally friendly- there would be efforts, but, then I would also use a substantial chunk of it to invest into things like solar or batteries, and energy grid development.
I would also buy myself the Lego venator kit. (Star Wars, Vader’s flagship from ESB).
An excess of single family housing is a major contributor to homelessness. We need denser housing. I’d rather work towards building something like a dense arcology. Somewhere for people to live that makes efficient use of the space to grow plants.
I knew about this problem, the whole issue with the tradeoffs/advantages/disadvantages between having denser housing vs having adequate green space. However, I didn’t know there were any reasonably well developed potential solutions! Thank you for introducing me to the concept of Arcology, this is awesome.
What if my proposed setup was more like tall dense multifamily buildings instead? Maybe something like how Pueblo housing worked?
That’s not a bad idea. Kinda combining the ideas. Smallish apartment buildings or multiplexes with lots of green space?
Yeah exactly. I feel like it might be more kind of “doable” on a smaller community-level scale, which appeals to me because anarchy. I don’t know how well it actually threads that needle though, and whether it introduces its own problems
That makes a lot of sense.
probably a personal submarine
Juste some ideas that crossed my mind, maybe all at once is too expensive for one billion.
- Clearing all my debts.
- Shop only ethical products.
- Support lot of projects that are close to my heart.
- Corrupt politicians to incite them to make ethical choices.
- Buy shady companies and let them sink.
- Create my own utopic nation and corrupt the UN to let them recognize it.
A billion is nothing on the scale of points 5 and 6 though…
Easy, I’ll buy twitter. What will I do with the rest of 1 999 900 dollars? Put it on red.
On point 1, i was discussing this with my partner and she replied “I know you’d keep the 2.75% mortgage”. I felt seen
#4 is on my list.
Oh, I would TOTALLY buy some US Senators. You think I could afford both Sinema & Manchin?
You would not believe how cheap some politicians are. Some in Congress can be bought for as little as $10K!
Hello Vegas, give me 1 billion on red. D’oh, I’ll mail you a cheque.
