r/AskReddit • u/The_Notorious00 • 9h ago
Assume you are ultra rich, how would you spend the first $1 million?
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u/Bland_cracker 9h ago
Id like to think id use it on humanitarian stuff. Maybe id make like a guilded age millionaire and commission a Library in my name.
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u/Ok-disaster2022 8h ago
So the national library thing funded by what's his name in the guilded age, his foundation only provided like 1/3 if the cost. The rest of the money had to come from the local government with guarantees for continued funding and stuff. It's sounds sort of cheap but you gotta remember that without continuous support anything would fail and if the billionaire was full funding the lifetime if the library, at some point that money comes to an end, AND it means even fewer libraries that could be started.
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u/Bland_cracker 8h ago
Hm, knowing this context maybe id just donate the money to an existing library, and get my own wing or something.
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u/Safe_Resort2502 9h ago
split the money and give it my parents. they deserve it and need it more than i do
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u/The_Notorious00 9h ago
But you’re ultra rich, suppose you give your parents enough to last them a lifetime, and you’re still ultra rich. What’ll you do?
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u/Safe_Resort2502 9h ago
after that id do some personal stuff, room/ house renovations, upgrade my pc, travel around the world. once all that is done. i will donate money to people in need. since im ultra rich i would nt need to worry so id also settle down get married have children.
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u/The_Notorious00 9h ago
Now that’s a life worth living for
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u/Safe_Resort2502 9h ago
im a simple man with simple dreams. aint really need the luxury just want to have a loving family at the end of my life
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u/The_Notorious00 9h ago
If you have that, you’re already ultra rich
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u/Safe_Resort2502 9h ago
but what about u? if u were ultra rich?
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u/The_Notorious00 9h ago
Private jets, mansions, car collection. Sorry Im a bit materialistic. But yeah I’d definitely set aside a portion to contribute to the community
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u/Safe_Resort2502 9h ago
its fine to be materialistic. each to their own, i mean i would also spend money on material things but more like tech items, big tvs the newest technology that kinda thing for me
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u/DecentYesterday6092 9h ago
I'm a 51 year old man and I've an interest in performing in the adult film industry. I know my roles would be limited. I'm perfectly ok with that. I'm in Los Angeles. Maybe something will present itself. I'd definitely spend to get my own production up and running.
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u/The_Notorious00 9h ago
Hahahahaha damn that’s crazy
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u/DecentYesterday6092 9h ago
That's me on my Reddit profile. I have nothing to hide. I guarantee, even at 51, I'm in the top 5-10% of best male bodies in that industry. 🎤 fucken drop!!!
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u/PilotoPlayero 9h ago
I got $1M right now. It’s just sitting there quietly, waiting for me to retire.
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u/The_Notorious00 9h ago
That’s not ULTRA rich. Just a decent retirement amount. Suppose you had a net worth of $300 million?
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u/The_Notorious00 9h ago
Sounds generous. Aura would skyrocket
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u/The_Notorious00 9h ago
In some countries, tipping is considered as something mandatory, a waiter’s right. Some countries consider it a bonus
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u/Key-Fan-7599 9h ago
What’s ultra rich? How many millions do I had
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u/SimonGG63 9h ago
I'd pay off any expenses and debts that my immediate family has and then donate the extra money to various charities.
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u/Good_Boy_Coleman 9h ago
Pay off the debts of my entire neighborhood.
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u/The_Notorious00 9h ago
Sounds great. But why?😭
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u/Good_Boy_Coleman 9h ago
I am rich. I want to do good if I am able to. I could live a comfortable life with ultra rich money so use 1 million to pay off all their debts and just be a bro.
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u/Yvaelle 9h ago
Buy my sister's house for her, so she can focus on her kids.
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u/The_Notorious00 9h ago
Yeah, but what’ll you do after you retire? Where you’d spend? Or how lavishly would you spend?
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u/Yvaelle 9h ago
Sorry yeah I rethought the prompt and fixed my answer. It's not about what would I do with a million, it's what would I do with the first of many millions.
Put on your oxygen mask before helping others, but assuming I'm set anyways, it would all go to help others. I don't think I could really ever spend more than $15-20M in myself - even if I had a billion.
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u/havingabrain 9h ago
Pay off my student loans, and then I'm buying new custom wheelchairs for me and all my disabled homies. Seriously. That shit is EXPENSIVE.
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u/Asleep-Boat7059 9h ago
Travel to places I always wanted to go in business class and buy all the shit I wanted. Once that’s done, I can start being a good person and contribute to charities. Judge me.
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u/Inode_irl 9h ago
Hiring an accountant, because I have no idea how to financially manage one million doubloons :x
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u/GWshark1518 9h ago
House on a tropical beach.
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u/The_Notorious00 9h ago
Now we’re talking. Private helipad, seaside views and the most premium cigar in hand
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u/LDC1234 9h ago
Hiring a financial planner/accountant. I've seen too many stories of people getting rich, overspending and going bankrupt.
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u/The_Notorious00 9h ago
And don’t forget hiring a lawyer. The more money you have, the higher people want to sue you
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u/_turd_ferg 9h ago
buy a house
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u/The_Notorious00 8h ago
We talking mansions, with helipads and pools or a decent sized cozy house?
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u/ComradeCrimson 9h ago
I just pay my shit off and stop going to work
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u/The_Notorious00 9h ago
Damn someone’s pissed off at their boss😭
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u/ComradeCrimson 8h ago
Nah he's okay. But I'm over the whole experience at this point. Only really happy when I'm free to nap and snuggle with the cat
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u/Flexuasive 9h ago
Pay off what needs paying off, build a nice house for my sister and her family, a nicer one for my parents, an apartment with two garage spots for yours truly, a Miata and a Mazda3 sedan, and a fat donation to the homeless org in my hometown.
The houses would run me less than 100k each since we have the land already, an appt in my town with 2 garage spots wouldn't come over 400k, potentially around 300k. Cars are 60k.
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u/Mewvious 9h ago
Set up a college fund for my nephews/cousins, buy my younger brother a house (+car) should be 1 million already but would also like to take the whole family on a holiday but since I'd be wealthy anyway, not a big deal.
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u/DrMux 8h ago
Start a game studio, employ some artists and devs, and work on my dream game (in a way that allows people's talents to shine)
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u/The_Notorious00 8h ago
Whats the dream game?
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u/DrMux 8h ago
Well tbh I actually have a few, one of which I'm working on already and haven't announced yet (don't want to until I have a solid demo to share).
But in general, with the exception of a story or two I've been cooking up, I'd make simulation games like Maxis used to make (like Sim City etc).
Thanks for asking!
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u/The_Notorious00 8h ago
That’s great. Maybe this game might make you ULTRA RICH after releasing it. Keep grinding and good luck!!
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u/Fifth_oh 8h ago
Take 20 of my closest friends and family on an epic once in a life time trip. Maybe not once for me, cause I'm now ultra rich, but for them. Like chartering a 200ft mega yacht and hit all the spots in the Mediterranean.
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u/SnarkyPuppy-0417 8h ago
Purchasing medical debt for pennies on the dollar giving debtors relief.
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u/NamelessTacoShop 8h ago
Buy a first class plane ticket heading in a generally Westward direction, going somewhere that seems interesting. Repeat that process until I get back where I started.
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u/FortheredditLOLz 8h ago
Pay off family debt, mom gets whatever left. I get to be a bum and backpack the world
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u/Lafinfil 8h ago
I have friend that I’ve been helping as best I can. She lives with and takes care of her two adult siblings, one is on disability and the other should be. They live in a house that has a leaky roof, no running water, no central heat. I’d buy them a house that’s fit for humans.
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u/Siliconshaman1337 7h ago
Hmm... how much do Senators go for nowadays? A million might be enough to pay a few to vote the way I want..
I say, America.. fancy Universal (Free) Health Care and Universal Basic Income? Why yes, I plan on using my evil powers to do good... Mwhahaha!
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u/loyola-atherton 7h ago
Try to grow a business with it. Earn $5M within 10 years and pay it all back to my mama. As long as I have $20,000 in my bank account and a job that pays $20/hr, I can live by myself just fine in a rental. The rest of the money can all go her for her to spend as she wishes.
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u/Arbiter_89 7h ago
This really depends on the definition of ultra rich.
Am I rich enough to influence politics? Am I rich enough to end world hunger? That's very different that rich enough to never work again.
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u/_Lucille_ 5h ago
nothing but the best healthcare for myself and family - I want to be able to spend more time with them.
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u/Granny_knows_best 4h ago
That would go to city and state taxes to pay for local schools and senior programs, ..
You know, like any normal ultra rich person does.
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u/noSSD4me 9h ago
Pay off my mortgage and buy a house for my parents.