You just won One Billion Dollars, what are you buying?
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?
77 replies
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.
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.
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.
I could get behind that!
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).
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!
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.
Not a ticket to see titanic lol
Too soon, friend. 😉😂
probably a personal submarine
don’t forget to call safety regulations obscene
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
I'd be on high alert, because that sounds like a goddamn phishing e-mail!
Are there also hot singles in my area?
Get a lawyer or 10, probably gonna need em.
A few US senators. Maybe a Supreme Court judge or two, just for good measure. And a super-yacht, obviously.
All the things. Like others have said it’s an insane amount of money.
But realistically, after debt, setting up family, I’d probably buy a (few?) of my dream cars, along with a “project car”. Along with some secured garage somewhere. Also fix up my basement, an/or get a new house (but not into anything crazy, I don’t want a mansion). Find a good charity (or 5) and donate.
But most importantly I’d pay my damn taxes! Not gonna be one of those fucker billionaires that wants to skirt on their basic social responsibility.
First, buy the services of a financial advisor. Run a very long list of ideas past them to see what's plausible, what would make a positive difference in the world, what would likely become a self sustaining positive thing after an initial investment that I can afford to go without a return on.
For myself, build a house. Pick the exact location I want. Customize and overbuild everything. Backup power and solar panels. But from the outside, make it look exactly like the majority of the houses in a 1 mile radius. Except mine is capable of withstanding nuclear war.
Also, health care to the max is high on my selfish list. I want a reputable doctor to show up at my house each month to check on things and answer all the odd questions about a cough I had one time or whatever.
For my family, buy them a few nice things, set up a trust fund that pays out an actual living wage to each person and include a standing appointment with a financial advisor as well as access to their own doctor who makes house calls.
A media company, to influence the world according to my political agenda.
Hey, every bilionaire's doing it!
I'm paying a finical advisor to do all that thinking for me. Also, some fancy hookers.
A consultation with a team of attorneys on how to properly manage that kind of money. First fun thing would probably be a lavish vacation.
I would try to found my own payment processor/credit card company that would be more NSFW-friendly. Apparently all the payment processors hate porn/nsfw which is why sites like to try to ban it so much. I want NSFW content creators to have a home too.
Mental health and some peace of mind.
After setting up my family for life, I'd use the rest to start a micro-lending company for small businesses to get started or expand. I'd open them next to dollar stores and hire lots of bilingual people. We'd have free business plan advice, too. For fun I'd buy houses in lousy neighborhoods, fix them up and fit them out with solar and geothermal systems, then offer to trade the house with a neighbor and repeat the process. This would cost money but a billion can go a long way one house at a time and see step one.
Stocks. Nice thread idea btw.
Thanks
First I clear all my debts.
Then I buy a Senator.
I am disappointed in the lack of "your mum/mom" jokes.
It's because of your mom oknojkjk
I don't need a billion for that; I have enough in my sofa seats to buy your mum.
Freedom.
Hello Vegas, give me 1 billion on red. D'oh, I'll mail you a cheque.
Buying stuff is how you stop being a billionaire.
buying liabilities is how you stop being a billionaire. buying assets is how you become a billionaire. big difference
making money is easy, keeping it is the hard part
One billion is an insane amount. You can literally buy everything you see and your bank account would still be increasing from the interest alone.
In order to spend one billion you need to think in extreme cases, like buying some kind of company that is hugely overvalued.
Personally I'd buy a lot of land and create a research facility of sorts.
With money like that you could buy 1/44th of twitter!
Or 1/69th of ActiBlizz
Or a 1/716 of Meta
Yeah even if you parked your billion in some account with super low interest, say 0.1%, it'd still generate a million dollars a year without you even doing a thing.
One Twitter, please!
I need new boots. I'd probably start there.
Controlling shares in smaller mining, green energy, & electric component(motors, solenoids, etc) stocks, and merging them together for vertical integration. Machinery, logistics, & other production stocks, merging into a separate conglomerate for vertical integration. Cargo boat manufacturing companies who specialize in low emissions. Politicians to get more subsidies in those areas, and promote my business practices while penalizing others.
Supply, production setup, logistics, I might throw in marketing just so they REALLY don’t have to go to anyone else. Any business who doesn’t want to worry about the dirty work will go to me. And they will listen to me..
Fix my house completely. Buy a better house and start investing and flipping. Then at this point, I'd blow some cash and short Reddit right after IPO.
Everyone's all "stuff to make world peace!" but I'm gonna be honest with y'all.
A lot of old video games. Like a catastrophic amount of them.
Well what would you do with the remaining 99.99% of your wealth?
Dump it all in some low-risk diverse funds, live off only a portion of the returns, and otherwise try to forget about it.
FIRE. And maybe a pizza.
I'd go to an electronic store and buy everything I want
Start a nonprofit open source IoT hardware company. Internet-connected smart devices and appliances are cool, but not the way they are implemented now. I'd base everything on common hobby chips like ESP32, AVR, and STM32. Every single device would have a completely unlocked firmware upload port.
a lot of them do already tbh
Yeahh...but there's no documentation, no schematics, and no legal ability to take the design and modify and redistribute it. That's what I want to change. I want to create the Linux of IoT.
Initially? Nothing. Unless my identity has been publicly tied to this amount of money, in which case a plane ticket to somewhere I'm not known, probably.
I'd do all the things that most people would do. Pay off debts, help out family/friends, invest, donate, etc.
Other than that, I'd buy a castle. Something like this. Living in such an old place like that with all the history associated with it seems really cool to me.